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> Personal relief Income tax, legally, reduce income tax

de.crystal
post Apr 15 2009, 10:26 PM


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QUOTE(ronnie @ Apr 15 2009, 10:17 PM)
Did your employer give you these benefit in year 2008 ?
If yes, these benefit is now tax exempted for YA2008. No need to put into the form.
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they didnt. I paid out of my own pocket money. So can i still claim?
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ronnie
post Apr 15 2009, 10:29 PM


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QUOTE(de.crystal @ Apr 15 2009, 10:26 PM)
they didnt.  I paid out of my own pocket money.  So can i still claim?
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Did your company reimbursed the amount back to you ?
Normally this benefit need to be added to your Income...but for YA2008, it will be tax-exempted.

Eg.
In Year 2007, you receive RM2,400 as travel allowance from company
You need to add RM2,400 to your total income for YA2007

In Year 2008, you receive RM2,400 as travel allowance from company
You DO NOT need to add RM2,400 to your total income for YA2008

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de.crystal
post Apr 15 2009, 10:31 PM


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QUOTE(ronnie @ Apr 15 2009, 10:29 PM)
Did your company reimbursed the amount back to you ?
Normally this benefit need to be added to your Income...but for YA2008, it will be tax-exempted.

Eg.
In Year 2007, you receive RM2,400 as travel allowance from company
You need to add RM2,400 to your total income for YA2007

In Year 2008, you receive RM2,400 as travel allowance from company
You DO NOT need to add RM2,400 to your total income for YA2008
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They did not reimburse me.

MB i should put my question clear. Whether am i entitled to use my petrol receipt to claim for tax rebate-wherein it was not a benefit granted by my company. Purely out of pocket expenses.
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ronnie
post Apr 15 2009, 10:34 PM


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QUOTE(de.crystal @ Apr 15 2009, 10:31 PM)
They did not reimburse me.

MB i should put my question clear.  Whether am i entitled to use my petrol receipt to claim for tax rebate-wherein it was not a benefit granted by my company.  Purely out of pocket expenses.
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If company don't reimburse, means they do not provide travel allowance to you as an employee. Thus nothing do with Income Tax.
You can't use these receipts as tax relief...
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de.crystal
post Apr 15 2009, 10:36 PM


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QUOTE(ronnie @ Apr 15 2009, 10:34 PM)
If company don't reimburse, means they do not provide travel allowance to you as an employee. Thus nothing do with Income Tax.
You can't use these receipts as tax relief...
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Ic.

What else is the new relief/uncommon item?
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ronnie
post Apr 15 2009, 10:42 PM


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Sports equipment is the newest item which you can claim as tax relief for YA2008.

Racquet, Shuttlecocks, Golf ball, ping-pong ball, ..... are claimable.
Basically without that item the sport will not happen.

Sport Shoes, Sports Attire, Swimsuits cannot claim sad.gif
Why it cannot be claim ?
- You can run bare foot
- You can swim naked whistling.gif

This post has been edited by ronnie: Apr 15 2009, 10:42 PM
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de.crystal
post Apr 15 2009, 10:45 PM


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QUOTE(ronnie @ Apr 15 2009, 10:42 PM)
Sports equipment is the newest item which you can claim as tax relief for YA2008.

Racquet, Shuttlecocks, Golf ball, ping-pong ball, ..... are claimable.
Basically without that item the sport will not happen.

Sport Shoes, Sports Attire, Swimsuits cannot claim sad.gif
Why it cannot be claim ?
- You can run bare foot
- You can swim naked whistling.gif
*
So basically this is the only one?

I like your statement "- You can swim naked" wonder if you do drool.gif
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cute_boboi
post Apr 16 2009, 10:08 AM


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QUOTE(ronnie @ Apr 15 2009, 10:42 PM)
Sports equipment is the newest item which you can claim as tax relief for YA2008.

Racquet, Shuttlecocks, Golf ball, ping-pong ball, ..... are claimable.
Basically without that item the sport will not happen.

Sport Shoes, Sports Attire, Swimsuits cannot claim sad.gif
Why it cannot be claim ?
- You can run bare foot
- You can swim naked whistling.gif
*
How about the cost to re-string racquet like badminton, squash, tennis, etc. ? hmm.gif
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Trevor Keegan
post Apr 16 2009, 10:30 AM


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QUOTE(de.crystal @ Apr 15 2009, 10:13 PM)
I understand that we are entitled for the hp and petrol allowance rite?  How does it work?


Added on April 15, 2009, 10:14 pm

Mind explain abit how does it work?
*
Hi,

What ronnie says is correct....in that it is simply excluded from the Tax Computation...IF, you have the amouont appearing in Section G of the EA form.

QUOTE
Ketetapan Umum must be set to YES/YA to ensure you are not flagged for audit

It is true that this is one of the things that MAY trigger an audit, but it is not the only thing. The LHDN has many things that they look for.

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Trevor Keegan
www.taxsaya.com
Malaysia's First FREE Multi-Lingual Tax Software
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exshige
post Apr 16 2009, 10:50 AM


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QUOTE(Trevor Keegan @ Apr 16 2009, 10:30 AM)
What ronnie says is correct....in that it is simply excluded from the Tax Computation...IF, you have the amouont appearing in Section G of the EA form.
Hi Trevor,

Im looking at my EA Form now and i don't see this section G. Is it because it is the old form not mean for the new policy in 2008 YA?

Some info on my EA form. It is (C.P.8A - Pin. 2008) at the header and it does states Cukai Pendapatan Bagi Tahun Berakhir 31/12/08 as the title.

A. Butiran Pekerja.. my info etc..

B. 1. Gaji Kasar ... RM12345
Fee ...
Tip Kasar, perkuisit penerimaan sagu atau elaun-eluan ... RM11111

2. a. until f.



The allowance i get actually is listed under the B. 1. Elaun-elaun.. RM11111.

I don't find a section G on my B. 2.

Am i using an outdated EA form?


Added on April 16, 2009, 11:03 am
QUOTE(aeronic @ Apr 15 2009, 06:18 PM)
did you check all the pages? some of the main figures, you click on a button which takes you to a popup page, you do the breakdown there and the main figure gets calculated automatically.
*
i checked.. all the buttons for extra form is the usual one we get every year.. there is no new button i'm aware of..

those i see are like

1. Pendapatan Berkanun dan Jumlah Pendapatan (Statutory Income and Total Income)

- Dividen (HK3)
- Derma and Hadiah


2. Tuntutan Pelepasan (Deductions Claim)

- Pelepasan Anak


3. Tuntutan Rebat / Tolakan Cukai / Pelepasan Cukai (Rebate Claims / Tax Dedutions / Tax Relief)

- Tolakan cukai seksyen 110 Akta Cukai Pendapatan 1967 / seksyen 51 Akta Kewangan 2007 (dividen) (HK3)


These are all the buttons i saw and i clicked all of them.. is not them.

This post has been edited by exshige: Apr 16 2009, 11:03 AM
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Trevor Keegan
post Apr 16 2009, 11:04 AM


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QUOTE(exshige @ Apr 16 2009, 10:50 AM)
Hi Trevor,

Im looking at my EA Form now and i don't see this section G. Is it because it is the old form not mean for the new policy in 2008 YA?

Some info on my EA form. It is (C.P.8A - Pin. 2008) at the header and it does states Cukai Pendapatan Bagi Tahun Berakhir 31/12/08 as the title.

A. Butiran Pekerja.. my info etc..

B. 1. Gaji Kasar ... RM12345
        Fee ...
        Tip Kasar, perkuisit penerimaan sagu atau elaun-eluan ... RM11111

    2. a. until f.

 
 
The allowance i get actually is listed under the B. 1. Elaun-elaun.. RM11111.

I don't find a section G on my B. 2.

Am i using an outdated EA form?
*
Hi,

Possibly....but do not panic! The LHDN did allow companies to use the 2008 EA forms for this year. You might want to check with your HR people to make sure that they are aware that there is a new EA form format.

As i understand it, in your case it does not matter as company was reimbursing you rather than paying you an allowance. So therefore, you are not entitled for the allowance.

Hope that this helps

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Trevor Keegan
www.taxsaya.com
Malaysia's First FREE Multi-Lingual Tax Software
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exshige
post Apr 16 2009, 11:13 AM


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QUOTE(Trevor Keegan @ Apr 16 2009, 11:04 AM)
As i understand it, in your case it does not matter as company was reimbursing you rather than paying you an allowance.  So therefore, you are not entitled for the allowance.
hi Trevor,

no.. it wasn't reimbursement.. it is my fixed allowance that i get every month and it appears in my payslip as allowance. I do not need to submit a claim form for it. I believe i'm entitle right?

so now, i think the issue is my employer use the wrong EA form? i haven't see the new EA form yet. Assuming i can talk to my HR to ask them to give me a new ER form.

Am i right to say that the RM11111 under B. 1. Elaun-eluan.. will be moved to B.2.G?

So, when i fill in my Pendapatan, i only enter B.1? But on my EA form, there is a Jumlah figure for B.1-5 and C. Usually i put this Jumlah figure in all my previous year filling.



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ronnie
post Apr 16 2009, 12:59 PM


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What is the breakdown of RM11111 ?
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Trevor Keegan
post Apr 16 2009, 01:29 PM


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QUOTE(exshige @ Apr 16 2009, 11:13 AM)
hi Trevor,

no.. it wasn't reimbursement.. it is my fixed allowance that i get every month and it appears in my payslip as allowance. I do not need to submit a claim form for it. I believe i'm entitle right?

so now, i think the issue is my employer use the wrong EA form? i haven't see the new EA form yet. Assuming i can talk to my HR to ask them to give me a new ER form.

Am i right to say that the RM11111 under B. 1. Elaun-eluan.. will be moved to B.2.G?

So, when i fill in my Pendapatan, i only enter B.1? But on my EA form, there is a Jumlah figure for B.1-5 and C. Usually i put this Jumlah figure in all my previous year filling.
*
Hi,

I also ask the same question as Ronnie, since I cannot see your form I cannot only assume that RM11111 is an amount that is shown on your EA form.

Basically, as long as you can prove that amount that you are claiming as travel allowance then you should be able to deduct that from the RM11,111. To prove it, you would need to provide evidence such as:
- Payment slips
- Letter from your employer showing the breakdown

I am assuming here that you are staff....if you are a business owner, you cannot claim this.

I would also suggest that you speak to your HR people just to make sure that they are aware that there is a new EA form (even though for this year you can still use the 2007 EA Form)

If you have other related questions, why not come over to our FREE Tax forum (www.taxsaya.com/smf) and ask our Tax Professionals

Kind Regards
Regards
Trevor Keegan
www.taxsaya.com
Malaysia's First FREE Tax Software
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exshige
post Apr 16 2009, 01:59 PM


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Hi Ronnie & Trevor,

Well the RM11111 is just a simple figure i put out for the discussion.

In my payslip, it will states clearly,
1. Parking Allowance.. RMxxx
2. Transportation Allowance.. RMxxx
3. Handphone Allowance.. RMxxx
4. Accomodation Allowance.. RMxxx
5. Others Allowance.. RMxxx

All these adds up to become my monthly allowances on top of my basic salary.

Then all these monthly allowances add up to become my annual RM11111 (fake number) allowance listed in my EA which I told you guys.

While i know some of the allowance up there may not be exempted but some of them certainly do.

My question is not about am i eligible or not.. i know i am eligible for some.. i have the proof.. etc... but

My question is how do i file them in my e-BE form for these new exemption introduced for the YA 2008.

As I do not see any way in my e-filing there that allows me to explicitly include this figure for deduction of taxable income like what i can do with computer, epf, books and etc...

So the only way is to put a "manually reduced" total income? is that the correct way of doing it? that is my question.

thank you.

This post has been edited by exshige: Apr 16 2009, 02:04 PM
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ronnie
post Apr 16 2009, 02:07 PM


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Tax exempt on allowance is NOT EQUAL to Tax Relief or deduction.

Your employer should not calculate item
1. Parking Allowance.. RMxxx
2. Transportation Allowance.. RMxxx
3. Handphone Allowance.. RMxxx

into the RM11111 as this will increase your taxable income... Better get your HR to re-do the EA form.

Let me give you an example
The company gives RM500 as parking allowances
The company gives RM10,000 as travelling allowances (home to/from work + work related travel)

For year 2007, EA should put RM10,500 to be added as part of your income
For year 2008, EA should put RM10000-(RM6000+RM2400) = RM1600 to be added as part of your income.

Do you see the savings ?

Look at Contoh 5 from this : http://www.hasil.gov.my/melayu/pdf/perkuis...bahan012006.pdf

This post has been edited by ronnie: Apr 16 2009, 02:15 PM
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exshige
post Apr 16 2009, 02:23 PM


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Ah yes Ronnie.. thats the answer i'm looking for..

conclusion, my employer shouldn't add up all my allowances that are exempted like what they have been doing for the past few yrs.. then my total income will be reduced.. and hence my taxable income.

thank you!

This post has been edited by exshige: Apr 16 2009, 02:24 PM
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Trevor Keegan
post Apr 16 2009, 06:06 PM


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QUOTE(exshige @ Apr 16 2009, 02:23 PM)
Ah yes Ronnie.. thats the answer i'm looking for..

conclusion, my employer shouldn't add up all my allowances that are exempted like what they have been doing for the past few yrs.. then my total income will be reduced.. and hence my taxable income.

thank you!
*
Hi,

If your employer is using the old form then they must declare it....and this was the only place to put it. It is just that this allowance was exempted in the 2009 Budget, and it would appear that your employer is not using the latest and greatest EA form....If they were, then it would have already been excluded from your income, this is because section G is only there for declarative reasons (and does not affect your income)

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gtchye
post Apr 16 2009, 10:13 PM


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QUOTE(Trevor Keegan @ Apr 16 2009, 06:06 PM)
Hi,

If your employer is using the old form then they must declare it....and this was the only place to put it.  It is just that this allowance was exempted in the 2009 Budget, and it would appear that your employer is not using the latest and greatest EA form....If they were, then it would have already been excluded from your income, this is because section G is only there for declarative reasons (and does not affect your income)

Regards
Trevor Keegan
www.taxsaya.com
Malaysia's First FREE Multi-Lingual Tax Software
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For your information, the IRB allows companies who have difficulties to calculate the tax-exempt income (Item G of the EA Form) to use the old formst of Form EA (without Item G). These companies are required to submit to the IRB the details of Item G by 30 May 2009. Since it does not affect the employees' tax, this information need not be disclosed to the employees.

Therefore, some companies use the new format while some companies use the old ones.
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exshige
post Apr 17 2009, 10:13 AM


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QUOTE(gtchye @ Apr 16 2009, 10:13 PM)
For your information, the IRB allows companies who have difficulties to calculate the tax-exempt income (Item G of the EA Form) to use the old formst of Form EA (without Item G). These companies are required to submit to the IRB the details of Item G by 30 May 2009. Since it does not affect the employees' tax, this information need not be disclosed to the employees.

Therefore, some companies use the new format while some companies use the old ones.
why is it not affecting the employees' tax? the item G suppose to be exempted allowances figure of the employee. without it, our taxable income is higher.

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