Hi, can I know whether the lifestyle tax relief is going to implement on next year income tax assessment 2017 (submit in year 2018)?

Where can I get more details information?

As I know the lifestyle tax relief constitutes purchase of computer, laptop, internet subscription, gym, reading materials and so on for max RM2500 per year.

My questions are
1. How many year of the receipt can I use to claim?
2. For computer I claim at year 1 for RM1000 (example), will this RM1000 take into account for next year (year 2) which means year 2 i only can claim RM 1500 only?

Thanks if someone can answer my inquiries.

Hi,

I have a tax number. Due to income is not reach taxable level, will my housing loan (in future if I am going to apply) will be rejected or not getting a low interest rate since I annually only filed Null in my income tax?

I know banks are looking many factors when considering to approve or reject a loan application. However, I am looking a small point only.

Thank you MUM for your explanation.

Cheers.

Hi,

May I know what are the conditions for company to get tax allowable for sponsorship for its customer's director being awarded as Datuk?

Thank you.

Hi,

I would like to inquire about personal income tax.

In the past, my friend does not have to submit income tax due to income does not reach the tax bracket but December 2019 salary include bonus that will be pay out this month end is having PCB of RM20 means he has to submit his personal income tax for 2019 in next year.


If his final tax is zero on next year when submit the tax assessment but he already paid the tax of RM20, will LHDN refund the PCB paid? How is the process?

Thank you.

Thank you for the information.

Hi,

If an individual works in Singapore more than 1 year. Does he consider as a tax resident in Singapore? If yes, is that correct that he need to submit personal income tax in Singapore, and not in Malaysia.

If that individual have return from investments not tax-exempted like P2P lending, the interest received need to report in Malaysia income tax or Singapore income tax?

Thank you for guidance.

Oh relax guys. Thank you for the info.

Ok. Thanks.



This post has been edited by rocketm: May 31 2020, 01:27 PM

I have some question on classification between life and medical insurance for critical illness coverage.

Here is the extract of the premium statement:


Here is the note stated on the last page of the premium statement:


May I know what this critical illness coverage type is for 100% medical or 100% life or 60% medical and the remaining 40% to life?

Thanks for the reply.

Do you know how to determine whether the insurance is Critical Illness Type 2?

Just to confirm if choose 60% to medical then the 40% is go to life?

Does stamp duty for fire and public liability insurance of company is tax deductible in tax comp?

Hi anyone familiar with partnership tax?

Is the partnership is making profit and decide not to distribute it, does that mean the CP30 is zero?

If the partnership is making profit and decide to distribute it based on the profit sharing ratio, is the income need to take up in Form B row B2 is CP30 A18 + part B?