maybe 10% of your outstanding tax balance, 5% extra if after 60 days. if i'm not mistaken

but some lucky fellas may run away with that

just the bracket problem... do you need to emphasized on that? i don't expect her to understand the sections, it's just a simple explanation

since you are not helping then better gtfo, don't try to come here just to increase post counts, the clever as whole

one more thing, i have seen some employment income tax payers ran away from late payment penalties due to they don't have business income, as prescribe by IRB officer. even so, i also don't advise people to take this kind of risk

IBA is applicable to manufacturing factory/warehouse only. generally, the expenses incurred can be charged on either side, both is tax deductible provided the factory/warehouse is being used(means not vacant). it is better to have a rental agreement and the rental charge should be a fair value/market rate to avoid any transfer pricing discrepancy

whatever....

at least we have identified a user who is not giving any constructive comment but want to find others' mistake

This post has been edited by nothingz: May 10 2009, 05:22 PM

nevermind, just accept the fact that

'some kind of people does not want to lend a helpful hand but want to criticize people's work'

ya, i know. the 25% of those admin expenses or 5% of gross income whichever is lower. that would cause her to

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Added on May 10, 2009, 5:38 pmactually if you are running the trading business for profit, then you should apply a business licence, just RM60/year. report tax or not, that's another matter.

if you feel that he is running away from income tax, feel free to report him at LHDN website & you may share the rewards

This post has been edited by nothingz: May 10 2009, 05:38 PM

i cannot really understand your situation, please state in Company A & B. which company is the owner and which of them wants to claim expenses/IBA

your question is very wide, inclusive quite a number of rules + whether the factory was built was your own/purchased from third party.

you better consult your Group's Tax Agent for prefessional advice because in the end, they will be the one who will compute your Company's Tax Computation

read those letters that they posted to you, it is stated on the heading

hard to separate the portion of the pc & subscription, somemore payment may be 24 months, how are you going to claim the tax?

as long as the LCD TV can be connected to your CPU, i think it would be acceptable

can tell why?

since an 8k/10k laptop can claim the computer relief, why can't a LCD TV used as a monitor?

the introduction of computer rebate/relief was to encourage the public to purchase PC, afterall i don't think IRB will reject your claim on the LCD TV as monitor as long as it is proven to be supported on the PC.

BTW, i have just found something may be useful for the people here



link

Before Y/A 2006, computer deduction was done in rebate format until Y/A 2007, computer relief was introduced. In other words, Y/A 2007 was a new start for the 3 years count for purchase of new computer, for those who have done it wrong, it may not be too late to revise your tax return.

ronnie may be right for not claiming the LCD TV & printer(play safe) but i still think that since the government is encouraging the public on 1 PC/house, i still think that as long as it is PC stuff then it would be able to claim. even computer printer can be claimed 40% on CA, why can't it be classified as computer gadgets?

On top of that, most of the time the IRB officer will concentrate on the declaration of income rather the claim of expenses/relief. BTW, how do you know printer is definitely not allowed? it would be normal if someone purchase a new PC with a printer as well.

i have bought the Streamyx PC Bundle package this year, the HP invoice clearly stated the package includes 24 months of 1mb streamyx package + notebook at a cost for RM3,813.60. i don't think we can ignore the streamyx package on the calculation. i think you may try to deduct the broadband portion. Eg, RM88 x 24 = RM2,112. Net claim = RM1,702.


refer to the previous link, if purchase PC under hire-purchase agreement, full cost can be claimed during the year of purchase. therefore RM1,702 can be claimed in Y/A 2009. This should be more reasonable.

This is it


Attached thumbnail(s)

oh, ok!

what will you do with the above invoice if your client asks you to claim the relief?

LOL! you dare not claim the LCD TV but you dare to make full claim on this invoice which has included broadband subscription

you were answering to the correct one but sometimes don't underestimate the knowledge of the IRB officers, once they read the invoice in detailed and the market value of the notebook could not reach 3k, then the trouble will arise (even though the face value is 4k)

This post has been edited by nothingz: Jul 23 2009, 10:56 AM

the invoice clearly stated 1MB unlimited broadband access

let's pray that the officer is blind...

it's simple, just tell the shop to include the printer cost in to the computer hardwares cost. then list the printer as freebie. then your problem is solved!

why not, you can argue that it's a promotion/package

based on the IRB notes attached with the Form B/BE, there is no clear guideline that printer cannot claim under the Computer Relief.

Just in case, the officer review your case, they want to add back the printer cost, there will only be extra balance of tax. shouldn't be any penalty on the mistake since there is no clear definition on 'Computer'.

therefore, i would say that 'it worths a try'.

only noob officer would issue additional tax on those small figures of taxes. RM200 * 27% * 60% = RM32.40

waste time and energy, rather go catch some big fishes

of course, but may not worthwhile to claim since the cost is lower without the monitor.