buy car got nothing to do with income tax...

As long you have not start to use e-filling, the form will continue to be sent to you.
Once you are on e-filling, then no forms will be sent.

If I buy a computer this year for RM1700. Can I buy another next year for RM1300?

Of course you can buy. Intel/Microsoft welcomes your purchase. But you will not be able to claim for income tax deduction,

Must be Intel or Microsoft? AMD and Nividia also can mah.

Seriously, only once in 3 years, be it you bought at 100 or 3,000, one only can claim the relief once in 3 years time.
So if you bought 100, you just can claim 100 relief. Only after 3 years, you can only claim another one.

hello ppl. bumped into this useful thread when i was trying to find ways i can save money
anyways hope u guys can help me since i just started working and have zero knowledge about tax relieves

1. what's the difference between BE, B, M, P dan E forms? which one should i use?
2. how much is the tax i need to pay if my sallary is rm3.5k/month? is there any specific percentage? (based on attahun's spreadhseet, salary rm3.5k is charged 1% tax, correct?)
3. from what i understand, you can claim max rm3k for computer once every 3 years. lets say you bought your pc in 2008, can you put the relief in 2009 tax?
4. i started working on nov 08 and my hr already put me under pcb for nov 08 & dec 08. do i still entitled for the rm8k personal relief? if yes then i already have cukai terlebih bayar right? how do i claim the overpaid tax?

actually i have summore questions to ask. but dont quite remember. this is a very useful thread. thanks

Cherroy, u r right on that.. any unused tax credit will be void after 31 December 2013.. for now, the co. can still choose to opt for single tier or not..

overruled23,
2) gov will calculate for you how much you need to pay.. if your salary is above certain amount, then thy will send a letter/ form to you.. if they did not send, then you no need to pay.

Once you done the e-filling and confirm that you are overpay your tax. IRB will send you a mail saying that they will refund you, then you will get cheaque later.

Last year i got the mail within 2 weeks after i done the e-filling, the cheaque was dilivered in the following week. Quite impressive efficiency.
I donethe e-filling in early April (due date is 30th April0, my frens who did the e-filling near the due data have to wait 2-3 months to get the refund. So, please do you e-filling earlier.

1. BE is for tax residents without business income. B is for tax residents WITH business income. M is for non-residents with income in malaysia. P is for partnerships. E is for employers. For your case, I think BE or B is relevant to you.

2. To roughly calculate your tax:
3,500 x 12 = 42,000.
Less personal relief 8,000 and EPF contribution (11%) 4,620 = 29,380 chargeable income
Tax on first 20,000 = 475
Tax on next 9,380 @ 7% = 656.60
Total = 1131.60
Less rebate 350 = 781.60

So, you have to pay around 781.60 of tax for that whole year. Calculation might be a little off cos I don't know your exact EPF contribution, and that is excluding any other reliefs that can be claimed.

3. Relief claim is based on receipt date. That means if you bought a computer in 2008, you can claim the computer when filing BE2008. You cannot claim it when filing BE2009 cos your receipt date is 2008.

4. Yes, personal relief 8,000 is automatic. And to claim overpaid tax, just make sure you submit your Borang BE via e-filing and wait for the tax refund cheque. It's even faster if you keyed in your bank account number when doing the e-filing.

going to fill me BE forms soon, anyone knows if the RM625 I got from the governement last year after I renewed my road tas is taxable?

last year, before june 2008, i was working for company D, and after that, i began working in company I as soon as i quit from Company D.

I understand that i'll receive the EB/ECBP from Company I. what about the tax that i need to pay when i was working in Company D?

I'm a little noob in taxation, hope someone please help me in the questions. Thanks.

Hi guys,

a) I'm a freelancer working from home so can I claim electricity, Streamyx, phone, etc. bills as part of business expenses?

b) I need to travel to meet/service clients every month. Can I claim airfare and hotel accomodation as expenses? Should both of them go under M20?

Thanks.

Thanks toto4d for your info,

So LHDN will automatically send us the cheque after we filling the forms online? Or we have to contact them and ask them to send? Still new in filling the form....

i have some questions want to ask here, if i m using e-filling, how do i get the receipt for my income tax? Can we print it out after filling all the things? Or LHDN will post the receipt to us by mail?

Need this income tax receipt for applying loan.

thanks for the help.

Hi Aeronlim,
For my last year case, i do not contact them to get them send the refund. However, if you do not received anything in 2-3 months, then you should contact them to chase for it. Actually i oso very new in the income tax matter, i have filled e-filling for 2 years, last year is the 1st time i get refund.

Once you done the e-filling, you will be able to print out the receipt and save the PDF copy from the website. LHDN won't post mail to you unless they want to audit you or refund you or etc. Hehe, others may correct me if i am wrong.

a) Yes. However, since your home is also your office, you have to apportion such utilities expenses to "personal usage" and "business usage". To do this, perhaps you may want to seek help from Tax Agents. Personal usage are not tax deductible.

b) Yes. If you can list out which airfare/accomodation is related to which sales/client.

Remember, the rule of IRB is really simple. If the expenses is wholly and exclusively for generation of income, that expenses is deductible. So that means that if your bought air ticket to your to-be-client office, BUT you somehow fail to secure a contract from them, that airfare is not tax deductible.

If you need more help, I suppose you should approach a tax agent to assist you. I believe spending the money to the professionals is worth it, especially this kinda tax stuff.

---

Added on March 9, 2009, 5:23 pmLHDN will send cheque to you quite fast if your tax record is clean. e-filing makes refunds even faster. If you keyed in your account number to the e-filing system, the refund will directly credited to your bank account.

Receipt for paying your tax and submitting your tax form is 2 different thing. After submitting your e-filing tax form, there should be a confirmation on your Jumlah Cukai Kena Bayar thing. That confirmation should be printed and kept for your own record. Print the e-BE as well, if you want, for your own record. As for tax payment, if you're using maybank2u, make sure you print the receipt. if you're using the e-bayaran thing, make sure you print the receipt after payment. I think banks need both income tax form submission confirmation AND the receipt for paying tax.

This post has been edited by GeminiGeek: Mar 9 2009, 05:23 PM

What is wholly and exclusively?

@toto4d & Geminigeek

thanks for the info given, i m making the e-filling just now and print out the receipt. Yes, after filling, then we can keep the receipt and the form in PDF, just now confirm,

Yup, there is a place that ask us to fill in our Bank Name and Account no. Should be the one that they used to direct debit to our account

thanks for the help guys .

This post has been edited by aeronlim: Mar 10 2009, 01:02 AM

It just mean those expenses are essential to be spent to carry out the business or task that earn you the income.
This is to prevent people put personal expenses into it which doesn't relate to the business.

I found out that some of my receipt is very blur already. (eg book receipt). Can i know if next time they want to audit, how to show them the blur receipt?