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prophetjul
post Apr 14 2025, 11:02 AM

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QUOTE(TOS2 @ Apr 14 2025, 11:01 AM)
Part K has 4 lines.

One line per jurisdiction.

Line 1 HKG, Line 2 SGP, Line 3 ... etc.
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There is no part K in the eBE. biggrin.gif
In fact, there are no sections stated in my wife's eBE form. How? rclxub.gif
TOS2
post Apr 14 2025, 11:06 AM

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QUOTE(prophetjul @ Apr 14 2025, 11:02 AM)
There is no part K in the eBE.  biggrin.gif
In fact, there are no sections stated in my wife's eBE form. How?  rclxub.gif
*
Err you are filling for 2024 tax returns right?

Wife is "residential individual, does not carry on business" yea?

Your form should look like the one here, yes? https://www.hasil.gov.my/en/forms/download-...form-individual
prophetjul
post Apr 14 2025, 11:12 AM

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QUOTE(TOS2 @ Apr 14 2025, 11:06 AM)
Err you are filling for 2024 tax returns right?

Wife is "residential individual, does not carry on business" yea?

Your form should look like the one here, yes? https://www.hasil.gov.my/en/forms/download-...form-individual
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Yes. That is the one. No sections.
Just Statutory Inocme and Total Income. Which is divided into Inocme in Malaysia, Non Employment income undeclared in preceeding years and "TAX EXEMPT INCOME FROM SOURCES OUTSIDE MALAYSIA RECEIVED IN MALAYSIA"

Just the 3 sections for income declaration.

prophetjul
post Apr 14 2025, 11:16 AM

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QUOTE(TOS2 @ Apr 14 2025, 11:06 AM)
Err you are filling for 2024 tax returns right?

Wife is "residential individual, does not carry on business" yea?

Your form should look like the one here, yes? https://www.hasil.gov.my/en/forms/download-...form-individual
*
the forms are different


Why are they different?

Maybe because my wife ahs no employment income for many years now?

This post has been edited by prophetjul: Apr 14 2025, 11:18 AM
TOS2
post Apr 14 2025, 12:23 PM

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QUOTE(prophetjul @ Apr 14 2025, 11:16 AM)
the forms are different
Why are they different?

Maybe because my wife ahs no employment income for many years now?
*
Err I don't know about that. e-BE form should be universal for everyone, right? You fill up through the mytax portal? https://mytax.hasil.gov.my/
prophetjul
post Apr 14 2025, 01:02 PM

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QUOTE(TOS2 @ Apr 14 2025, 12:23 PM)
Err I don't know about that. e-BE form should be universal for everyone, right? You fill up through the mytax portal? https://mytax.hasil.gov.my/
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Yes. Through the portal.
Strange.
TOS2
post Apr 14 2025, 01:11 PM

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QUOTE(prophetjul @ Apr 14 2025, 01:02 PM)
Yes. Through the portal.
Strange.
*
Ah then I could not help out. I don't file taxes on MY side. Maybe you can drop by LHDN with wife and fill up everything on their PC with guidance from officials in real time.

At least that's what my parents did back then, save time and avoid issues in the future. Kind LHDN officials can even teach you on tricks to save taxes! (e.g. split certain income/profits to 50% husband 50% wife to lower tax rate etc.)
TSHansel
post Apr 14 2025, 07:40 PM

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The taxation onto Foreign-Sourced Income has been pushed out to 2035. Do we have to start declaring from now ?
prophetjul
post Apr 15 2025, 05:50 AM

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QUOTE(Hansel @ Apr 14 2025, 07:40 PM)
The taxation onto Foreign-Sourced Income has been pushed out to 2035. Do we have to start declaring from now ?
*
There is a section for declaration of

"TAX EXEMPT INCOME FROM SOURCES OUTSIDE MALAYSIA RECEIVED IN MALAYSIA"


TSHansel
post Apr 15 2025, 09:21 AM

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QUOTE(prophetjul @ Apr 15 2025, 05:50 AM)
There is a section for declaration of

"TAX EXEMPT INCOME FROM SOURCES OUTSIDE MALAYSIA RECEIVED IN MALAYSIA"
*
Good morning, bro,...

Thank you,... in your sentence above, I see the word 'TAX EXEMPT INCOME'.

What sort of income shld we input here ?

All of our dividend income received in an overseas acct ? Or our dividend income received in an overseas acct and then transferred back to Msia ?
prophetjul
post Apr 15 2025, 09:45 AM

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QUOTE(Hansel @ Apr 15 2025, 09:21 AM)
Good morning, bro,...

Thank you,... in your sentence above, I see the word 'TAX EXEMPT INCOME'.

What sort of income shld we input here ?

All of our dividend income received in an overseas acct ? Or our dividend income received in an overseas acct and then transferred back to Msia ?
*
This one bro....
" received in an overseas acct and then transferred back to Msia".
You only need to declare it if you transfer the funds back to malaysia.
TSHansel
post Apr 15 2025, 06:06 PM

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QUOTE(prophetjul @ Apr 15 2025, 09:45 AM)
This one bro....
" received in an overseas acct and then transferred back to Msia".
You only need to declare it if you transfer the funds back to malaysia.
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What sort of EXEMPT income, bro ?
prophetjul
post Apr 15 2025, 06:12 PM

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QUOTE(Hansel @ Apr 15 2025, 06:06 PM)
What sort of EXEMPT income, bro ?
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There are certain conditions to be met.

https://www.hasil.gov.my/media/fzofh1gz/202...t-june-2024.pdf
TSHansel
post Apr 15 2025, 06:27 PM

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QUOTE(prophetjul @ Apr 15 2025, 06:12 PM)
Thank you, bro,... much appreciated,...
TSHansel
post Apr 15 2025, 08:24 PM

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Hi bro,....... I have just finished reading the 30+ pgs,... biggrin.gif

Don't know if I've wasted my time or not,...

https://theedgemalaysia.com/node/730798

https://www.taxathand.com/article/38335/Mal...iduals-extended



One more thing : Since the exemption is for 10 years until Dec 31, 2036, why is the IRB asking for details on income which has been exempted from tax ?

Any ideas, bros and sis ?
ShinG3e
post Apr 22 2025, 12:16 PM

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QUOTE(Hansel @ Apr 15 2025, 08:24 PM)
Hi bro,....... I have just finished reading the 30+ pgs,...  biggrin.gif

Don't know if I've wasted my time or not,...

https://theedgemalaysia.com/node/730798

https://www.taxathand.com/article/38335/Mal...iduals-extended
One more thing : Since the exemption is for 10 years until Dec 31, 2036, why is the IRB asking for details on income which has been exempted from tax ?

Any ideas, bros and sis ?
*
Probably to gain data for tax collection forecast after 2036, just to know how much potential can the lhdn gets from this policy. My guess la.
dwRK
post Apr 23 2025, 11:32 AM

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QUOTE(Hansel @ Apr 15 2025, 08:24 PM)
Hi bro,....... I have just finished reading the 30+ pgs,...  biggrin.gif

Don't know if I've wasted my time or not,...

https://theedgemalaysia.com/node/730798

https://www.taxathand.com/article/38335/Mal...iduals-extended
One more thing : Since the exemption is for 10 years until Dec 31, 2036, why is the IRB asking for details on income which has been exempted from tax ?

Any ideas, bros and sis ?
*
the exemption has qualifying conditions and some further fine prints... so is not blanket across the board... some ppl will need to pay...

user posted image

TSHansel
post May 1 2025, 12:05 PM

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QUOTE(dwRK @ Apr 23 2025, 11:32 AM)
the exemption has qualifying conditions and some further fine prints... so is not blanket across the board... some ppl will need to pay...

user posted image
*
Just back today and browsing thru my favourite forum,...

Bro, above exemption that you showed is a general exemption that will be in-place when the said Foreign-Sourced Income (FSI) taxation kicks-in in 2036.

Today, ALL FSI brought into Msia is tax-exempted, inclusive of dividends and interest that have NOT been taxed at the ctry-of-origin.
dwRK
post May 1 2025, 04:44 PM

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QUOTE(Hansel @ May 1 2025, 12:05 PM)
Just back today and browsing thru my favourite forum,...

Bro, above exemption that you showed is a general exemption that will be in-place when the said Foreign-Sourced Income (FSI) taxation kicks-in in 2036.

Today, ALL FSI brought into Msia is tax-exempted, inclusive of dividends and interest that have NOT been taxed at the ctry-of-origin.
*
bro... my understanding of the 10 yr extension (by correction of the old June 2024 guideline section 5, while waiting for the new one)...

5.2 Foreign income received in Malaysia which is exempted from tax from 1 January 2022 until 31 December 2026 2036... so pushed back 10 yrs, but start date remains in effect...

5.2.2.1 All foreign income other than partnership income received in Malaysia by a resident individual from 1 January 2022 until 31 December 2026 2036 is exempt from tax provided the income has been subjected to tax in the country of origin.... if non taxable they don't need all the weasel words after "provided..." and since our 2024 tax form has a section to declare fsi, implies that fsi is active and taxable for some ppl... wink.gif

5.2.2.2 Qualifying conditions... has a subsection on foreign dividend income... but i lazy to understand it fully since am not vested...

long ago all fsi was fully taxable... then come full exemption... then no exemption with 6 months special flat tax but rakyat protested so partial exemption till 2026... then extended till 2036... come 2036 no more partial exemption...

anyways... to me its clear... if you repatriat fsi that hasnt been taxed, check the qualifying conditions for exemption... dun just read the headlines... wink.gif

and your action is simple... get clarification from IRB or if audited feign wrong interpretation and beg for mercy... biggrin.gif

This post has been edited by dwRK: May 1 2025, 11:06 PM
TSHansel
post May 2 2025, 06:26 PM

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QUOTE(dwRK @ May 1 2025, 04:44 PM)
bro... my understanding of the 10 yr extension (by correction of the old June 2024 guideline section 5, while waiting for the new one)...

5.2 Foreign income received in Malaysia which is exempted from tax from 1 January 2022 until 31 December 2026 2036... so pushed back 10 yrs, but start date remains in effect...

5.2.2.1 All foreign income other than partnership income received in Malaysia by a resident individual from 1 January 2022 until 31 December 2026 2036 is exempt from tax provided the income has been subjected to tax in the country of origin.... if non taxable they don't need all the weasel words after "provided..." and since our 2024 tax form has a section to declare fsi, implies that fsi is active and taxable for some ppl... wink.gif

5.2.2.2 Qualifying conditions... has a subsection on foreign dividend income... but i lazy to understand it fully since am not vested...

long ago all fsi was fully taxable... then come full exemption... then no exemption with 6 months special flat tax but rakyat protested so partial exemption till 2026... then extended till 2036... come 2036 no more partial exemption...

anyways... to me its clear... if you repatriat fsi that hasnt been taxed, check the qualifying conditions for exemption... dun just read the headlines... wink.gif

and your action is simple... get clarification from IRB or if audited feign wrong interpretation and beg for mercy... biggrin.gif
*
Hi bro,... smile.gif

Appreciated your write-up in the above.

I have checked with the tax authorities, they told me to just read the ann'ts,.... so that's what I'm doing,...

No need to beg-lar, bro,... tax is a normal thing is life,... biggrin.gif

Big editing here : 'The document' has changed from when I last saw it.

This post has been edited by Hansel: May 2 2025, 06:32 PM

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