J' Daniel,

Under the current tax declaration system, it is the responsibility of the tax payer to make sure all the info and data declared is accurate. Normally the IRB won't come to check your supporting. But, if they noticed you have under declared the income, maybe from other sources. e.g u bought a very expensive property which ur declared income can't afford it. then they will come to knock ur door. by the time, they will give u simple calculation to show u ur income doesn't matched with ur property. and then they will give u some times to prepare the tax computation and declare accordingly. so, if the tax payable computed is much higher than previously u declared, u will kena penalty and if is serious, u kena masuk lokap lar.

so, my advise is dun play play with them. anyway, u could try to reduce ur tax payable by doing some tax planning. pls let me know if u need our help. we have an accounting and tax firm located at Damansara Utama. thanks.

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Added on January 17, 2009, 3:47 pmJ' Daniel,

by the way, urs is enterprise or Sdn Bhd?

Let me assuming it was a Sdn Bhd and my point is:

this is considered as backlog cases already. the IRB will find u in one day. could be not now, but maybe within next few years. by that time, they would allow u to have sometime to prepare ur company accounts book keeping. and then send to auditor for audit and then tax agent to prepare the tax computation for tax filing. u may negotiate with the IRB officer a schedule to submit all the late cases.

but in ur tax filing later on which find out need to pay tax, the IRB will fine u. if is serious, then kena masuk lokap juga......


if it was an enterprise, more or less the same as above. just that dun need send for audit.


pls let me know if u need us to help u on the tax filing. thanks.


This post has been edited by kswong77: Jan 17 2009, 03:47 PM

ya. this year very detail. need to list down all the employees whose income > RM30K in 2008.

this will help IRB to trace whoever not declared the income tax.

lawyer,

what gemini mentioned is correct.

i believe for company doing the Filing of Form E, they might need to tie the listing in the Form E with the Company total salary cost in 2008. so, might need to sum all those not in the category of > 30k a year employee, or 2.5k a month employee.

eventhough ur income is still not subject to tax, u may elect to do the tax filing as well. From all these yearly filing, the IRB will know how much u have earned throught out ur employment and won't challenge u when u wanna to buy a house.

e.g ur monthly income is RM2,500. so the annual income is RM30,000. let say u worked for 10 years at the same level of income. then u already earned RM300,000. and now u wanna to buy a house with cash of RM100,000. then the IRB won't challenge u.

but, let say u never do the tax filing. and now u wanna to buy a house with cash of RM100,000. sure IRB will immediately send the Form BE to u.


for those not received the Form BE from IRB, maybe is because u never register and open the tax file with them. so, i suggest u to let ur HR department to open for u or u personally go to IRB office to do it.