Hi, I have a simple question here : is foreign income required to be put into the Borang E, or whatever borang for reporting to the Government ?

I know foreign-sourced is NOT taxable, but do we need to report ? Thank you.

My friends, it's relative. If you are supposed to pay a 5-digit tax but you are only paying a 4-digit tax, then no pain.

If you are paying a 5-digit tax when you are supposed to pay a 6-digit tax, then no pain too.

If you are paying tax accordingly, then be happy that you are not staying in a western country whereby the high tax bracket can be hit easily.

Be happy. How the government uses the money is beyond your control, you can only vote who you want to be using this money.

I believed the LHDN collections will be lesser this year, many companies will be declaring lower taxable income for YA 2008. Some will deliberately declare lower, in-line with the economy.

Their officers will have a lot of work on their hands.

....ks, so for employees whose 2008 income did not exceed RM30K, then there is no need for list down, right ?

Or need to list down all employees, regardless of salary amount ?