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> LHDN, please have mercy on us UBER drivers

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limeuu
post Apr 1 2017, 11:12 AM

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if they don't register as a business, they cannot deduct expenses incurred, and will have to declare the entire sum they receive as income...should not be difficult to determine, as it will all be with uber/grad database...

so they will need to register as a business, and then then can deduct legitimate expenses associated with the business...

welcome to the real world....
limeuu
post Apr 1 2017, 11:14 AM

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if your total taxable income is less than rm3500, you will not need to pay any taxes as it's below threshold...but still need to declare....
limeuu
post Apr 1 2017, 12:15 PM

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QUOTE(Coup De Grace @ Apr 1 2017, 12:03 PM)
No wander LHDN are interested in UBER and GRAB now

Maybe royal customs next for GST
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Their turnover is unlikely more than half million, so no need register for gst...
limeuu
post Apr 1 2017, 12:16 PM

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QUOTE(Boy96 @ Apr 1 2017, 12:01 PM)
How to separate uber grab use and personal use? Divide 50:50?
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That is tricky.... Normally LHDN will apportion a percentage, say a quarter to half, depending on the nature of the business....
limeuu
post Apr 1 2017, 12:27 PM

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QUOTE(se7en @ Apr 1 2017, 12:25 PM)
I'm not sure if that is even possible as they are subject to personal income tax, not business income tax which has such reliefs.
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I am saying if they are officially registered as a business....If not, then of course no vehicle relief allowed...

If they register as an enterprise, is sole proprietorship usually, then although they still declare as personal income tax, legitimate expenses related to the business are allowed....

This post has been edited by limeuu: Apr 1 2017, 12:31 PM

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