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Income Tax Issues v4, Scope: e-BE and eB only
soundworks
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Nov 10 2018, 02:20 AM
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Getting Started
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Hi all,
I'm sure some have faced this problem like me before-
Currently employed in a company and makan gaji like average joe. Got EPF, SOCSO and pay income tax for 2 years already. Now I've started my small e-comm biz and made some side money so I registered SSM sole proprietor to declare the income as I want to increase my loan eligibility in the future too. Question is:-
When I file income tax next year how do i file since I am employed and at the same time I am also self-employed.
Looking forward to your replies
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soundworks
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Nov 11 2018, 11:46 AM
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Getting Started
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QUOTE(rapple @ Nov 10 2018, 08:32 AM) Previously you file e-BE so next year you will need to file under e-B. The difference of e-B is that form have additional tab for business income and additional 1 page for you to fill in the profit and loss and balance sheet of your business. Do I need to pay EPF for my business income when I'm already paying EPF for my employment? If I don't pay will banks consider my business income tak layak cos never pay EPF on it when applying loan in the future?
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