PCB is sort of gomen earn interest using your money.
assuming u will get back most of it, but then u paid pcb monthly so gomen is holding your money for months.
see the game?
E-Filing PCB declaration, Company did not auto deduct
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 May 7 2018, 04:55 PM
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All Stars
21,962 posts Joined: Dec 2004 From: KL   
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Nov 20 2019, 08:16 AM
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#2
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21,962 posts Joined: Dec 2004 From: KL
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QUOTE(kakamal @ Nov 19 2019, 12:54 PM) Forgive me to reply to this old thread but what happen if someone who had monthly tax deduction (PCB) via the same company since 2009 but never submit an EA form?. Does he gonna charged for penalty or go to prison?. For what I found on LHDN website "PCB sebagai Cukai Muktamad membenarkan pembayar cukai yang layak memilih untuk tidak menghantar BNCP secara e-Filing atau manual yang berkuat kuasa mulai Tahun Taksiran 2014." Thank you in advance for any suggestion or info sharing. They have rights to fine u for not submitting BE form, and also rights to investigate your "side business" such as property rental and so on. However they'd probably wont care since assuming everyone is (overpaying) eligible to claim refund and u didnt submit so they get to keep everything. The phrase u highlight it means the PCB u paid will be the final tax amount payable. So i guess u are pretty safe This post has been edited by WaCKy-Angel: Nov 20 2019, 08:18 AM |
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Nov 20 2019, 08:52 AM
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#3
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21,962 posts Joined: Dec 2004 From: KL
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QUOTE(mini orchard @ Nov 20 2019, 08:45 AM) I dont think it can be accurate till the last RM. Ofcourse its not taken into account of side business.. |
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Nov 20 2019, 08:59 AM
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#4
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21,962 posts Joined: Dec 2004 From: KL
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QUOTE(mini orchard @ Nov 20 2019, 08:55 AM) Leaving side business aside, personal reliefs matter most. Yes thats what i meant. PCB are meant to pay the max and submitting BE form other than its a requirement, i would say main purpose is to claim back the personal reliefs.So by not filing it means you relief your rights to claim back the relief and government will assume your PCB is the tax u pay for that year. |
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Nov 20 2019, 10:48 AM
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#5
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21,962 posts Joined: Dec 2004 From: KL
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QUOTE(kakamal @ Nov 20 2019, 10:42 AM) Thanks everyone for sharing such useful info. He has not side business/income, his monthly salary is the only income. Will he be fined if he go surrender himself to LHDN?. Well.. he wanted to buy a house and the agent asked for EA form to be submitted together with other documents. So what is the best solution for him?. Why need EA form? EPF statement is enoughThank you in advance. |
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