Thank you for sharing. Yes, I want to know too..

I thinking too fill nett salary instead. Commission no need to fill. 😅

So guys better to do the e-filing? Any info on new user to register online? I got see need e-daftar first but then need nombor cukai,pin. We are self employed right? Bcos at the e-Daftar theres a column for Pemandu as the occupation but then we are not grab employers right..no self employed as the choice

actually the grabfood car come in right time to help all of us, i able to earn some lunch and dinner money for few hours.

Sharing how I do my e-filing for the past few years. I try my best to file it correctly to the best of my knowledge, but not guaranteed is the correct way. Some parts I'm not 100% sure. So far haven't been called up by LHDN to query my filing. REFER TO THIS AT YOUR OWN RISK!


As a full time Grab driver, I file under Form B (e-B) as business income. But first, I use paper to work out my profit & loss statement and balance sheet. I will use hypothetical figures below as example.

In your Grab annual statement's first page, Net Earnings is your Income from Grab. Net Earnings are your fares plus incentives minus commission.


PROFIT & LOSS STATEMENT (Year of Assessment 2019)
Income from Grab 100,000 (A)

Less Cost of Sales
(your costs directly related to earning your Grab income)
Fuel - 16,000 (B)

Less Expenses
(your business expenses indirectly related to earning your Grab income)
Repairs & maintenance 5,000 ( C )
Road tax 40 (D)
Motor insurance 1,000 (E)
Car depreciation 8,000 (F)
(20% over 5 years)
Total expenses - 14,040 (G), ie ( C )+(D)+(E)+(F)

Net profit 69,960 (H), ie (A)-(B)-(G)

Note:
1) In year 2020, you file income tax for Year of Assessment 2019 (abbreviated as Y/A 2019), ie the income you earned in 2019.
2) I use my own car. For those who rent from Grab, your rental fee will already have been shown deducted in your Grab statement, so your rental costs will not be included in (B) or (G), or else you will double-count.


Next, work out your balance sheet related to your Grab business. Your asset is the car you bought, which you use for Grab driving. Cars are depreciated straight-line for 5 years, ie 20% depreciated per annum. Even if you use it for more than 5 years, under accounting rules, it is still depreciated over 5 years.

BALANCE SHEET (Year of Assessment 2019)
Car purchase price (bought in 2018) 40,000
(excluding road tax and insurance)
Balance brought forward 32,000 (in Y/A 2018 you had deducted 8k depreciation from your car price)
Depreciation 20% for Y/A 2019 - 8,000 (F)
Balance carried forward 24,000 (I), ie 32k - 8k


------------- This part is the online filing of e-Form B in ez.hasil.gov.my ---------------


---- STATUTORY INCOME AND TOTAL INCOME ----

Statutory income from businesses 100,000 (A)
Business losses brought forward 0
Aggregate income 100,000
Less: Other deductions - 30,040 (B)+(G)
Total Income (Self) 69,960 (H)


---- DONATIONS ----
---- DEDUCTIONS ---- 20,000 (J)
This two sections you fill in as appropriate to your situation.
Your contributions to life and medical insurance, EPF and SOCSO can be included in DEDUCTIONS, hence reducing your chargeable income.


---- TAX SUMMARY ----

Total Income 69,960 (H)
Total relief - 20,000 (J)
Chargeable Income 49,960

After this, the system will automatically work out for you how much income tax you have to pay.


---- PARTICULARS OF BUSINESS INCOME -----

Losses carried forward 0
Business capital allowances carried forward 16,000 (Y/A 2018 depreciation of 8k + Y/A 2019 depreciation of 8k)


---- FINANCIAL PARTICULARS OF INDIVIDUAL (MAIN BUSINESS ONLY) ----

Name of business: Self Employed Driver
Business code: 49224
Type of business activity: Taxi operation and limousine services


TRADING, PROFIT AND LOSS ACCOUNT
Sales or turnover 100,000 (A)
Less
Opening stock 0
Purchases and cost of production 16,000 (B)
Closing stock 0
Cost of sales - 16,000 (B)
Gross Profit/Loss 84,000
Expenses
Repairs and maintenance 5,000 ( C )
Other expenses 9,040 (D)+(E)+(F)
Total Expenditure 14,040 (G)
Net Profit/Loss 69,960 (H)

BALANCE SHEET
Fixed Assets
Motor vehicles 24,000 (I) this is your car's depreciation carried forward balance

This post has been edited by rjmsfire: Apr 2 2020, 09:15 PM

Ya not bad becoz everyday tapau food and buy grocers also easily spend out rm30~50, but cannot tahan boring at home still the main motives to go out. What on earth go jogging also illegal crime..
No interest do grabfood so only "cameo driving" while going to shopping center sapu goods, sometimes gets a rm7 ~ rm10 trip better than nothing. Sometime mentah mentah kena deduct daily insure fee cannot get a single job. While sometime being called up back to office for duty, otw 7~9am, 5pm+ can get a kembung job if lucky. If travel 10am ~ 4pm mostly will get none. Use small road more chances to get ping but be ready to face police block. Now 2nd phase mco got rules like kenot more than 1 passenger la, kenot >10km shopping la, kenot cross taman tapau food la..i also uncertain will get tahan or not if rider cannot give legit travel reason. Said go work need check letter, said balik rumah need check alamat ic/electric bill. Haiz...pls stay at home!!

depreciation is not allowable expenses, even in tax term capital allowances also is not permitted for e-hailing driver. The only u can allow to deduct is hire purchase interest.

And do bear in mind breakout the apportionment for the personal and ehailing usage, personal portion is not allow to claim as expenses.

One day grocery also cost about RM30-50 for 2 persons, pusing 2 hrs can get RM30-40 nett consider ok lah. The 2nd phase of MCO is full with roadblock, for example a 15-20km might have 2 or 3 roadblocks and with lot of road closure. With this ciput fare i think it is not worth to continue anymore.

Wait.... Am I reading this correctly or did you assume car depreciation as a cost?? Did you file your tax doing that?

Guys, any idea how to get the RM500 cash aid fro Grab driver from the stimulus package?

I have checked my BPN status but "Tidak Lulus"
Now appealing. The darn website very slow.

Yes I have been filing my income tax this way since I started Grab driving. I didn't hire accountant to calculate income tax for me, I just read up on the internet! That's why I put disclaimer, only info sharing, for those who were asking how to file income tax as Grab driver.

Car bought for business purpose is not eligible for 20% capital allowance meh? I bought it just for Grab use and I estimate 99% of its mileage was while Grabbing.

from apad page. seems not all driver will get rm500.

i inactive for half year alrdy. got evp n psv also cant get

So from FAQ #8 and #9, the criteria is monthly income must be more than RM2000 eh? But for what month? This FAQ really tergantung liao, not clear

have to depend on Kementerian Kewangan either qualify or not.

You need to ask professional and then pray IRB doesn't audit you in the next 7 years. I'm not grab driver but I buy a car for work purpose, does that mean I can deduct the depreciation also? As a rule of thumb any deduction that YOU CANNOT PROVE (receipt etc) is bad for you

Haha lets assume is till February bcause i myself never drive from march 2nd week because my car gear suddenly stucking on Sunday evening right at my doorstep. Lucky i nearby can go back early and claim warranty next day. I collected the car on saturday evening free servicing and not driving already because i prefer full day than 1/4 day.

Then i had 2 attend KL wedding on sunday night. Monday go visiting other relatives there. Tuesday only balik hometown right b4 the MCO day. All these family planned ahead 2 months liao. Lucky no jam on highway southbound unlike northbound. Hahahaha.

must income rm2000 per month then can get the rm500?

im full timer dont have other income but per month i dont even reach 2k per month. i get around rm1300 - rm1800 per month

im from sabah so the fare and job here is different.

there been sometimes ive done 22 job only reach below rm120

only work from 6am till 2pm or 4 pm or if target achieve that day sometime till 7pm..

i still need to send kids to school, send wife to work. i really cant do longer night job coz poor vision and beside crime is higher at night time

weekend offday

it will be unfair if need to be 2k per month

i dont really earn much

those who have other job at least they have alternative source

for me i think those who dont have any other income than grab should be given the stimulus package no matter if u reach 2k or not per month.

they can at least check with bank or kwsp if we have any other job beside ehailing.

the gomen is just taking the easy way out
to set RM2K is fair as they opined that a full timer should at least get RM2K per month

again, it show they fail to talk to stakeholder i.e hailing company in determine who qualify for this

Then too bad

KL alpha spoiled market during uber

20k per month and the G uses this perception since then



This post has been edited by skylinelover: Apr 4 2020, 09:46 AM

Understand you bro, whoever drive in bigger city like kl, jb or penang will be easier to get higher income compared to small town.

I just don't get it with APAD/MOF. If taxi driver can get the rm600 as long as they are registered with APAD and have valid licence. Then why not use the same regulation to e-hailing driver; valid psv and valid evp. In the end, the requirement to drive e-hailing is still the same for part-time and full-time - psv, evp, fire extenguisher, add-on insurance, puspakom, sticker, socso, etc