Mar 5 2009, 12:23 AM
QUOTE(livingmonolith @ Mar 19 2008, 03:20 PM)
7 years to be exact. but unlikely that LHDN will look for you when you are not a bigshot earning millions a year. because even though you claim RM1000 (max), the deduction does not make a very big difference in your payable tax.
um, is it okay we discuss this here?
Yes..need to keep for at least 7 years. I've heard that LHDN selects taxpayers to do a detailed audit on a staggered basis and everyone can expect to be audited at least once in 7 years.. even if you are not earning millions!um, is it okay we discuss this here?
Added on March 5, 2009, 12:29 am
QUOTE(penangmee @ Mar 5 2009, 12:02 AM)
For Malaysia it is considered tax at source (final tax) so do not declare in the Form BE/B.
Yes you can still make an appeal. Appeal have to be made in writing together with your EA form(for the EPF) and annual life insurance statements/receipts. Your audit officer may also ask for the receipts for anything else you have claimed.
I recall reading somewhere that in Budget 2009, interest on deposits exceeding RM100k is no longer taxable.. (previously the bank would deduct tax at source if you have deposits exceeding RM100k) Can someone confirm this?Yes you can still make an appeal. Appeal have to be made in writing together with your EA form(for the EPF) and annual life insurance statements/receipts. Your audit officer may also ask for the receipts for anything else you have claimed.
This post has been edited by gilabola: Mar 5 2009, 12:29 AM
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