Hi,

Section G is there only to declare the fact that the amount is exempt....and does not affect your income. It basically saves you from having to provide additional documentation to prove that it is exempted.


Gtchye, You are right and I had stated earlier that the use of the new EA form was optional. However, what I was trying to say (but didn't do it very well), was:
1. The Company must disclose the full amount of the allowance (including travel allowance) in the eluan-eluan in the EA (irrespective of whether you are using the new EA form or the old EA form)
2. If the old EA form is used, then the LHDN provides the HK-2 for the taxpayer to workout the taxable employment income.

Example:
Person A receives RM10,000 in Travel Allowance during the year. Section 2 in the EA for would show RM10,000 (and if the new EA was used) would be shown there. If the new EA form is used, then the exempted portion will be shown in section G.

However, please note that the EA form does not show the income with the exempted amount removed! This means that if you are taking the income directly from the EA form.....you may be declaring your income as being higher than it should be.

TAXSAYA, automatically takes the section G (if you have it in the EA form, otherwise you need to be able to prove that the amount is exempted) into account, so that you do not need to worry about recalculating things in the HK2.

Hope that helps.

Regards
Trevor Keegan
www.taxsaya.com
Malaysia's First FREE Multi-Lingual Tax Software
Trevor Keegan

If you get travelling allowances RM6000 and your company add that figure to your total PENGGAJIAN...that's totally WRONG !!!
Either put in Section G or don't add to PENGGAJIAN

Tell your HR to fix it

This post has been edited by ronnie: Apr 17 2009, 05:51 PM

RONNIE IS CORRECT! I stand corrected on my earlier post, which was regretably due to some miscommunication with our advisors.

Regards
Trevor Keegan
www.taxsaya.com
Malaysia's First FREE Multi-Lingual Tax Software

Hi...
I've a question on dividends received on shares and REITS.

Assuming that we are already in a tax bracket that is higher than the rate deducted as source. eg.

- REIT distribution has been deducted 15% at source but our tax bracket is 20%, do we need to declare the REIT dividend as taxable income?

- shares dividend has been deducted 25% at source but our tax bracket is 27%, do we still need to declared the dividend as taxable income?

Appreciate any advice on this... thanka a million

REIT is treated as FINAL tax therefore no need to declare as taxable income and no refunds will be paid back.

For dividends from shares either 25/26% you will have to declare it and can claim back refund if aplicable. If you are at 27% then you will have to pay the extra 2 or 1%. REmenber if did not declare and later detected at audit then penalty is at minimum 45% of tax.

i thought once an item is taxable, it consider as earning ?

too many pages here, i am sorry if i ask the double question as TS did asked b4.

as received an article mentioned that the stamp duty can be exemption for buying house with less than RM250k, but however in either E-filing or manual Borang eB i couldnt find the column for me to fill in this.

anyone has the idea?
cos i only able to found an similar article from below source, but no mentioned where to fill in the column.

Stamp Duty Exemption Order dan Explanation
http://www.hasil.org.my/english/eng_dutisetem.asp
http://www.hasil.org.my/cP/upload/News/pengecualianno6.pdf

The stamp duty is paid when your S&P agreement is sent for stamping. If you engaged a lawyer for the S&P the stamp duty is paid to the lawyer and the lawyer will pay the duty on your behalf to the stamp office.

You will not need to pay the stamp duty for the S&P to your lawyer if it is exempted.


This post has been edited by gilabola: Apr 19 2009, 07:36 PM

sorry, i am noob on that, in such case do i need to fill in anything in the eB form?
and how do i really exempted from there?

Hi guys, just wondering the personal relief of 8000rm, what's the content of this???? Or does everyone automatically gets this without any receipts???

Also can clarify that, for a single guy, bascially the most common things to claim is : computer for 3000rm (or 3500rm?), and 1000rm for magazines, and 300rm for sports shoes, and maybe that personal relief of 8000rm if I didn't misunderstand it.

very much dependent on yrself... normally ppl will claim for parents medical, personal insurance etc....
you should make it into more details to save back yr money

Is it true that all dividends have to be declared? Someone did tell me that I do not need to declare the dividends if I've no intention of claiming a refund or when dividend is taxed the same rate as my tax bracket. Can someone clarify this?

Also, on sporting equpment tax relief, are racquets included? One article did say that only 'consumables', i.e. balls, shuttlecocks, etc, is claimable whereas 'long lasting' equipment such as racquet is not included.

Thanks

yes rm8000 is automatically given to everyone as personal relief...

as for the rest, exemption is given provided with receipt which means if you buy a PC for RM2,000 you can only claim RM2,000 and not max rm3,000.. same goes with the other exemptions such as magazine, parents and sport equipments (shoes does not count as equipment and not exempted)..

basically for a single guy, you are relieved of that personal RM8,000 and EPF own contributions..the rest is dependent on your actual purchases..

Here's the difference in terms

1. Tax exempted amount means you don't need to put in the Borang BE/B.
2. Tax relief amount only need to put in borang BE/B.

I was referring to the situation when lack of receipts really.
1.Personal relief
2.Computer 3000rm
3. Sports equipment 300rm or 350rm?
4. Parents insurance ? max 5000rm?

what are other common things to claim, as a single guy.

if dun have receipt, pls dun cheat ... later spend few years in jail ...

you can do donation and health screening. sports is rm300

1. Personal relief - don't need receipt
2. Computer - need receipt for the year of assessment.
3. Sports equipment - RM300 also need receipt
4. Parents medical - max RM5000

All receipts must be kept for 7 years.

You can buy more medical insurance to claim up to RM3,000
Do donation

parents insurance? does that count under parents medical? hmm..

No. Parents medical can only be claimed if it is from a certified Medical Practitioner.

Regards
Trevor Keegan
www.taxsaya.com
Malaysia's First FREE Multi-Lingual Tax Software

I have the same question also. Dividend do we need to include HK3?
I am having problem because some voucher dont have warrant numbers.

I only know REIT no need to declare.