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> LHDN seeking RM 1.7 Billion from Najib

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TStahfeikei
post Jul 5 2019, 05:29 PM, updated 7y ago

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KUALA LUMPUR: The Federal Government is seeking almost RM1.7bil in additional taxes from former prime minister Datuk Seri Najib Razak for the years 2011 until 2017.

The Government, through the Inland Revenue Board (IRB), filed the lawsuit against Najib as the sole defendant at the High Court registry on June 25.

In its statement of claim, the Government said the IRB had sent an additional tax assessment notice via registered post to the defendant's house address in Taman Duta on March 25 but the notice went unanswered.

According to the notice, Najib must pay RM116,173,374.12 (for the year 2011); RM320,929,932.31 (2012); RM891,573,465.46 (2013); RM119,144,655.51 (2014); RM16,879,500.03 (2015); RM643,445.21 (2016) and RM346,471.41 (2017).

However, Najib's failure to pay RM1.47bil for the seven years within 30 days from the date of the assessment notice resulted in the first 10% increase, which is in accordance with Section 103 of the Income Tax Act 1967.

As Najib still failed to settle the renewed sum within 60 days under the same Act, a compounded 5% hike was added to the sum, said the plaintiff.

"The plaintiff has the right to recoup the income tax that is still owed along with the increases imposed on the defendant as a tax which is due to be paid," it said.

It added that until Friday (July 5), the defendant is yet to pay the amount owed.

The Government is claiming a sum of RM1,692,872,924.83 with a 5% per annum from the day of judgment until the sum is satisfied, costs, and any relief deemed fit by the court.

The case is fixed for case management on Monday (July 8) before High Court deputy registrar Erry Shahriman Nor Aripin.


Read more at https://www.thestar.com.my/news/nation/2019...VHVKi7PW4Udm.99

This post has been edited by tahfeikei: Jul 5 2019, 05:30 PM
Clan204
post Jul 5 2019, 05:32 PM

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hahaha so not 1mdb case can sumbat najib?
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post Jul 5 2019, 05:32 PM

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post Jul 5 2019, 05:33 PM

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post Jul 5 2019, 05:34 PM

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squall_12
post Jul 5 2019, 05:35 PM

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wow that a lot number lol jibby why no paid tax lol

hiyyl
post Jul 5 2019, 05:36 PM

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Kat depan lawsuit. Behind lhdn waiting. Kek.
gogocan
post Jul 5 2019, 05:37 PM

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If najib declare bankrupt how?
SUSM4A1
post Jul 5 2019, 05:37 PM

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Dun understand how come his tax so high?
Najib got business ka?

How much is his total income to get this high tax?
hollyweed
post Jul 5 2019, 05:38 PM

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inb4 salah titik perpuluhan lagi
Geekbuster
post Jul 5 2019, 05:39 PM

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PH seems desperate
SUSticke
post Jul 5 2019, 05:45 PM

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QUOTE(Geekbuster @ Jul 5 2019, 05:39 PM)
PH seems desperate
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to divert Azmin kongkek scandal
jetblast
post Jul 5 2019, 05:47 PM

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This is like how they got Al Capone.
thxxht
post Jul 5 2019, 05:50 PM

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fuuuu, hope this can bury him forever.
even_steven
post Jul 5 2019, 05:50 PM

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QUOTE(M4A1 @ Jul 5 2019, 05:37 PM)
Dun understand how come his tax so high?
Najib got business ka?

How much is his total income to get this high tax?
*
Siapa suruh all moneh go into personal account.
SUSM4A1
post Jul 5 2019, 05:51 PM

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QUOTE(even_steven @ Jul 5 2019, 05:50 PM)
Siapa suruh all moneh go into personal account.
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Songlap money boleh kena income tax ke?
ZeroSOFInfinity
post Jul 5 2019, 05:52 PM

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QUOTE(Clan204 @ Jul 5 2019, 05:32 PM)
hahaha so not 1mdb case can sumbat najib?
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A smart man always have a backup plan. Even if SRC or 1MDB fails, good luck avoiding tax.
MeToo
post Jul 5 2019, 05:53 PM

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QUOTE(M4A1 @ Jul 5 2019, 05:51 PM)
Songlap money boleh kena income tax ke?
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either he admit he songlap, or he pay tax..

so choose one lor
DarkNite
post Jul 5 2019, 05:57 PM

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QUOTE(Boom Mortar @ Jul 5 2019, 05:34 PM)
Bijan : yet make me wear baju oren
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Lu x suka lu keluar!......... oh wait.
silent_stalker
post Jul 5 2019, 05:59 PM

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I believe its hard to pin src n 1mdb on najib.

But this tax thing. He is really fucked
Lithium Hirumi
post Jul 5 2019, 06:01 PM

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I want to donate 80sen to bijan. Anybody know how to contact bijan?
Emily Ratajkowski
post Jul 5 2019, 06:04 PM

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QUOTE(M4A1 @ Jul 5 2019, 05:37 PM)
Dun understand how come his tax so high?
Najib got business ka?

How much is his total income to get this high tax?
*
You never deal with tax people before haven't you.

Do you know during najib era how the taxman come after your money? Especially right before the election, the way they collect tax is brutal.
Suka hati lhdn say that they "disagree" with your tax interpretation, "therefore I'm charging you backdated tax."

And the way tax works is you have to pay first, then claim back if it's proven inaccurate. Or go to court and ask for injunction. In any case, court cases take forever, and if you don't pay, you kena slap with interest.

This is common practice in najib era.


periuk_api1209
post Jul 5 2019, 06:08 PM

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https://nthqibord.com/2019/07/04/najib-jawa...-rm1-69-bilion/

Najib tampil memberi penjelasan melalui Facebook beliau.

Terlebih dahulu, saya tegaskan sekali lagi bahawa affidavit kerajaan PH sendiri telah membuktikan bahawa saya telah melaporkan dan membayar cukai LHDN setiap tahun tanpa gagal.

Laporan media hari ini juga memberi pecahan denda RM1.69 bilion.

Jika diperhatikan, ia jelas menunjukkan bahawa cukai ini dikenakan ke atas apa yang diterima dari derma dan sumbangan luar negara dalam akaun beliau.

Ini termasuk sumbangan dari Menteri Kewangan Arab Saudi dan putera Arab yang telahpun disahkan oleh pegawai bank dalam perbicaraan kes SRC.

“Wang yang diterima sebagai derma sebenarnya tidak dikenakan cukai. Begitu juga wang dari sumber asing dan dana politik. Tapi PH masih mahu denda saya,” kata Najib.


Kalau diperhatikan juga, nilai denda cukai terbesar adalah untuk tahun 2013 di mana akaun beliau menerima dana yang disebut RM2.6 bilion itu.

Pegawai bank juga telahpun sahkan dalam mahkamah bahawa dana ini telah dipulang kepada penghantar selepas empat bulan diterima.

Anehnya menurut Najib, wang diterima dari luar negara dan dihantar balik empat bulan kemudian dalam tahun yang sama pun dikatakan oleh kerajaan PH adalah pendapatan (income).

Menurut Najib lagi, sejak PRU14 , sudah ada banyak bukti di mahkamah dan dari penjelasan penerima dana bahawa semua dana yang diterima telah digunakan untuk projek kebajikan sama ada terus kepada rakyat atau program kebajikan melalui NGO dan parti politik.

Beliau memberi contoh, Jakel baru-baru ini menjawab iaitu bayaran kepada mereka dari akaunnya adalah untuk membekalkan kain jubah bagi semua program-program amal (untuk imam, tahfiz dan termasuk 7 ribu masjid-masjid di seluruh negara dan untuk bekalan kain untuk mangsa-mangsa banjir antara tahun 2011 dan 2014).

“Sepatutnya penggunaan dana untuk CSR boleh ditolak dari cukai tapi mereka tetap mahu denda saya.”

“Lagi menakjubkan ialah kerajaan PH telah dakwa saya di Mahkamah bahawa dana-dana yang saya terima itu adalah wang haram,” kata Najib.

Yang peliknya, LHDN bawah kerajaan PH pula anggap ini bukan wang haram tetapi “pendapatan sah” yang perlu dicukai pula.

Takkan wang yang haram pun kerajaan PH mahu cukai?

Namun, Najib mengakui bahawa kuasa kini di tangan PH dan mereka boleh buat apa sahaja yang mereka suka. – 4 Julai 2019

This post has been edited by periuk_api1209: Jul 5 2019, 06:10 PM
Raexim
post Jul 5 2019, 06:15 PM

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QUOTE(periuk_api1209 @ Jul 5 2019, 06:08 PM)
https://nthqibord.com/2019/07/04/najib-jawa...-rm1-69-bilion/


“Wang yang diterima sebagai derma sebenarnya tidak dikenakan cukai. Begitu juga wang dari sumber asing dan dana politik. Tapi PH masih mahu denda saya,” kata Najib.

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Dear future employer, please input my salary as donation so that I won't have to pay income tax.
SUSAlexcky3
post Jul 5 2019, 06:22 PM

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Good.. Continue to torture him kaw2
ganz
post Jul 5 2019, 06:26 PM

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The one lead lhdn is the who should question now..

Why now
vanillapire
post Jul 5 2019, 06:27 PM

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gonzalo20
post Jul 5 2019, 06:28 PM

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lebat la bonus lhdn tahun ni
SUSCincai lar
post Jul 5 2019, 06:28 PM

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income so high,.. of cos need to pay income tax,..
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post Jul 5 2019, 06:36 PM

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kahkahkahhh
bijan kena rogol front back up side down kahkah
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post Jul 5 2019, 06:41 PM

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QUOTE(Emily Ratajkowski @ Jul 5 2019, 06:04 PM)
You never deal with tax people before haven't you.

Do you know during najib era how the taxman come after your money? Especially right before the election, the way they collect tax is brutal.
Suka hati lhdn say that they "disagree" with your tax interpretation, "therefore I'm charging you backdated tax."

And the way tax works is you have to pay first, then claim back if it's proven inaccurate. Or go to court and ask for injunction. In any case, court cases take forever, and if you don't pay, you kena slap with interest.

This is common practice in najib era.
*
So let Najib taste his own medicine?
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post Jul 5 2019, 06:45 PM

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Bossku

This post has been edited by annoymous1234: Jul 5 2019, 06:45 PM
CEO 10K a day
post Jul 5 2019, 06:45 PM

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its GG for najib already even al capone he killed a lot of people but eventually got into prison cuz of tax kek
bani_prime
post Jul 5 2019, 06:46 PM

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Confuse aku...i thought its duit curi. Duit curi kena tax?
bani_prime
post Jul 5 2019, 06:47 PM

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How ahout us donation to malaysiakini
teehk_tee
post Jul 5 2019, 06:53 PM

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How to pay? Lmao... Bankrup wei 1.6b sampai underwear pun kena jual
kcchong2000
post Jul 5 2019, 07:03 PM

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QUOTE(Raexim @ Jul 5 2019, 06:15 PM)
Dear future employer, please input my salary as donation so that I won't have to pay income tax.
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Suruh my HR turn my salary to donation liao.
ironmaid89
post Jul 5 2019, 07:05 PM

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QUOTE(teehk_tee @ Jul 5 2019, 06:53 PM)
How to pay? Lmao... Bankrup wei 1.6b sampai underwear pun kena jual
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His jalan Langgak Duta bungalow worth at least RM12 Million
user posted image

Former prime minister Datuk Seri Najib Razak’s house could possibly be worth at least RM12 million, according to estimates made by real estate experts familiar with the area and based on recent transactions of bungalows in the area.

https://www.theedgemarkets.com/article/how-...an-langgak-duta
TStahfeikei
post Jul 5 2019, 07:10 PM

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QUOTE(teehk_tee @ Jul 5 2019, 06:53 PM)
How to pay? Lmao... Bankrup wei 1.6b sampai underwear pun kena jual
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deleted...got kucing sini

This post has been edited by tahfeikei: Jul 5 2019, 07:12 PM
squall_12
post Jul 5 2019, 07:10 PM

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QUOTE(ganz @ Jul 5 2019, 06:26 PM)
The one lead lhdn is the who should question now..

Why now
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last time najib u think they dare question him? no takut kena c4 arr laugh.gif laugh.gif laugh.gif
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post Jul 5 2019, 07:14 PM

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QUOTE(bani_prime @ Jul 5 2019, 06:46 PM)
Confuse aku...i thought its duit curi. Duit curi kena tax?
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but he claim is donation from arab prince n komidi can be witness icon_idea.gif icon_idea.gif icon_idea.gif ...padan muka pencuriku whistling.gif
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post Jul 5 2019, 07:17 PM

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post Jul 5 2019, 07:21 PM

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QUOTE(M4A1 @ Jul 5 2019, 05:51 PM)
Songlap money boleh kena income tax ke?
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Yes.
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post Jul 5 2019, 07:23 PM

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Wow... Once step down, all gomen backfire Bijan. Why don't do it earlier?
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post Jul 5 2019, 07:30 PM

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QUOTE(alexkos @ Jul 5 2019, 07:23 PM)
Wow... Once step down, all gomen backfire Bijan. Why don't do it earlier?
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siapa berani? takut c4 leh...
TiramisuCoffee
post Jul 5 2019, 08:05 PM

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QUOTE(periuk_api1209 @ Jul 5 2019, 06:08 PM)
https://nthqibord.com/2019/07/04/najib-jawa...-rm1-69-bilion/

Jika diperhatikan, ia jelas menunjukkan bahawa cukai ini dikenakan ke atas apa yang diterima dari derma dan sumbangan luar negara dalam akaun beliau.

Ini termasuk sumbangan dari Menteri Kewangan Arab Saudi dan putera Arab yang telahpun disahkan oleh pegawai bank dalam perbicaraan kes SRC.

“Wang yang diterima sebagai derma sebenarnya tidak dikenakan cukai. Begitu juga wang dari sumber asing dan dana politik. Tapi PH masih mahu denda saya,” kata Najib.


*
hmm.gif Can any1 verify if his points r valid fr Income Tax pov?

Ive heard of donation x taxable, political donation oso... as well as if fund thats fr overseas ( x earned in Msia).... Does ahJib hv a point? Any tax agent, IRB staff here who can expand on these to improve our common general knowledge? notworthy.gif

SUSM4A1
post Jul 5 2019, 08:10 PM

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QUOTE(ReoAyanami @ Jul 5 2019, 07:21 PM)
Yes.
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But court also belum proof he songlap

So how does tax come in?
TiramisuCoffee
post Jul 5 2019, 08:18 PM

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QUOTE(M4A1 @ Jul 5 2019, 08:10 PM)
But court also belum proof he songlap

So how does tax come in?
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If its proven illegal money, then $$$ should be fully confiscated, no? Why just slap him with tax? I DUN quite follow this case. Minta pencerahan. notworthy.gif


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post Jul 5 2019, 08:22 PM

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QUOTE(TiramisuCoffee @ Jul 5 2019, 08:05 PM)
hmm.gif Can any1 verify if  his points r  valid fr Income Tax pov?

Ive heard of donation x taxable, political donation oso... as well as if fund thats fr overseas ( x earned in Msia).... Does ahJib hv a point? Any tax agent, IRB staff here who can expand on these  to improve our common general knowledge?  notworthy.gif
*
Political donation go in to personal account ke account umno?

He can just declare it when he can... ops. Lupa that time he say don’t have such money.. ops
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post Jul 5 2019, 08:25 PM

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QUOTE(TiramisuCoffee @ Jul 5 2019, 08:18 PM)
If its proven illegal money, then $$$ should be fully confiscated, no? Why just slap him with tax? I DUN quite follow this case. Minta pencerahan.  notworthy.gif
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I have no idea
TiramisuCoffee
post Jul 5 2019, 08:34 PM

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QUOTE(Pakatan Kencing @ Jul 5 2019, 08:13 PM)
Kata duit 1mdb apsal najib kena tax. Bodo lge
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Ok, lets go thru... Via 1mdb jib songlap rakyat. 1mdb rugi so x tax. But $$$ like Magik appear in ahjib pocket dunno apahal... unless can tie back to 1mdb then got case, if fr other source outside country but cannot explain why ppl so charitable, is it deemed illegal $? If illegal cos x bole explain, then should just confisticate whatever amt, why tax pulak? doh.gif tax is for legal income earned, n tax is too small % vs amt in bank! U get my point or x? I DUN understand this case. Some1 pls explain. notworthy.gif
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post Jul 5 2019, 08:42 PM

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QUOTE(teehk_tee @ Jul 5 2019, 06:53 PM)
How to pay? Lmao... Bankrup wei 1.6b sampai underwear pun kena jual
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If kena such 1.7b tax, means he have more than that.


TiramisuCoffee
post Jul 5 2019, 08:50 PM

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QUOTE(M4A1 @ Jul 5 2019, 08:25 PM)
I have no idea
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Any tax & money laundering law experts here? flex.gif
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post Jul 5 2019, 09:31 PM

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QUOTE(TiramisuCoffee @ Jul 5 2019, 08:05 PM)
hmm.gif Can any1 verify if  his points r  valid fr Income Tax pov?

Ive heard of donation x taxable, political donation oso... as well as if fund thats fr overseas ( x earned in Msia).... Does ahJib hv a point? Any tax agent, IRB staff here who can expand on these  to improve our common general knowledge?  notworthy.gif
*
For the donation, must proved to LHDN that the money received is donation and if LHDN satisfied, then it will be exempted, if not will be taxable.

For the money from overseas, income tax act stated that all income derived in Malaysia and money rendered from overseas is taxable. Have to prove overseas money is income from foreign country or donation. Donation that is exempted from tax is from parents and loved ones as those are considered as gifts and had nothing to do with services rendered.

Whether illegal money is taxabe or not. Yes, illegal money earned is taxable, when found out is illegal money, LHDN will report it to relevant parties, not LHDN job to deal with illegal money, they just tax only.
Phoenix_KL
post Jul 5 2019, 09:36 PM

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got money but never pay
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post Jul 5 2019, 09:38 PM

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QUOTE(M4A1 @ Jul 5 2019, 05:37 PM)
Dun understand how come his tax so high?
Najib got business ka?

How much is his total income to get this high tax?
*
should be around 15 billion

1 billion = 1000 million

This post has been edited by Phoenix_KL: Jul 5 2019, 09:39 PM
jayko
post Jul 5 2019, 09:39 PM

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That is money save since young lar!
danieln
post Jul 5 2019, 09:46 PM

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So if they tax him on the donations money, does that means the donation is legal?
simonblowais
post Jul 5 2019, 09:48 PM

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QUOTE(danieln @ Jul 5 2019, 09:46 PM)
So if they tax him on the donations money, does that means the donation is legal?
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Donation is legal.... does not equal to original source of donation is legal....


OngMK P
post Jul 5 2019, 09:52 PM

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QUOTE(danieln @ Jul 5 2019, 09:46 PM)
So if they tax him on the donations money, does that means the donation is legal?
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LHDN didnot tax on donation money, because the money is yet to prove by jib as donation. LHDN will estimate income tax payable from money received when not submit tax return form or found out submit wrong tax return.
TiramisuCoffee
post Jul 5 2019, 11:36 PM

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QUOTE(simonblowais @ Jul 5 2019, 09:48 PM)
Donation is legal.... does not equal to original source of donation is legal....
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Meaning, irb will track ori source of donation all d way to foreign soil? Check if they hv paid up their taxes and all? hmm.gif
TiramisuCoffee
post Jul 5 2019, 11:37 PM

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QUOTE(OngMK @ Jul 5 2019, 09:52 PM)
LHDN didnot tax on donation money, because the money is yet to prove by jib as donation. LHDN will estimate income tax payable from money received when not submit tax return form or found out submit wrong tax return.
*
rolleyes.gif Hmmm, if u scrutinise the fluctuations in taxable amount, seems like they r in sync w the donations? Could it be irb treats his donations as income ? As head of state, he can’t be earning estimable salaries from elsewhere...

Quote:
According to the notice, Najib must pay
RM116,173,374.12 (for the year 2011);
RM320,929,932.31 (2012);
RM891,573,465.46 (2013);
RM119,144,655.51 (2014); RM16,879,500.03 (2015);
RM643,445.21 (2016) and
RM346,471.41 (2017).

TiramisuCoffee
post Jul 5 2019, 11:45 PM

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QUOTE(OngMK @ Jul 5 2019, 09:31 PM)
For the donation, must proved to LHDN that the money received is donation and if LHDN satisfied, then it will be exempted, if not will be taxable.

For the money from overseas, income tax act stated that all income derived in Malaysia and money rendered from overseas is taxable. Have to prove overseas money is income from foreign country or donation. Donation that is exempted from tax is from parents and loved ones as those are considered as gifts and had nothing to do with services rendered.

Whether illegal money is taxabe or not. Yes, illegal money earned is taxable, when found out is illegal money, LHDN will report it to relevant parties, not LHDN job to deal with illegal money, they just tax only.
*
How to prove money is donation? And it’s up to IRB to decide what’s acceptable, what’s not? What if out of the blue Bill Gates decide to pump $$$ into your personal account, simply becos he takes a liking to you. What criteria IRB will use to determine if you can/ x accept the money fr such wealthy strangeR?

Wonder if an ultra wealthy man b allowed to pay off the hefty taxes for him? I dun c how Jib will b able to pay off any amt when his ac is frozen n all... confused.gif
loon90
post Jul 5 2019, 11:50 PM

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But he say he always pay his taxes
gogocan
post Jul 5 2019, 11:53 PM

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The story mory is like this....

Based on SPRM (MACC) findings in 2016, the money was a voluntary donation from saudi..thus based on that fact LHDN didn't tax the money received as it does not fall under Sec 4 ACP 1967.

But now under PH, SPRM said there was no proof that the money was a donation from saudi prince..so based on the new fact, the money was treated as unreported income and therefore taxable

Sekian.

This post has been edited by gogocan: Jul 5 2019, 11:54 PM
loki
post Jul 5 2019, 11:56 PM

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QUOTE(M4A1 @ Jul 5 2019, 05:37 PM)
Dun understand how come his tax so high?
Najib got business ka?

How much is his total income to get this high tax?
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cai tanya soalan yang dia dah tau kenapa... pura pura buat bodoh nak cuba spin
submergedx
post Jul 6 2019, 12:01 AM

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QUOTE(M4A1 @ Jul 5 2019, 05:51 PM)
Songlap money boleh kena income tax ke?
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You got a point there.
But
It flows into personal account, and Najib has spent all(distribute to his cronies).
Tax is one case, songlap is one case, donation is one case. LHDN/IRB has their stand.
simonblowais
post Jul 6 2019, 12:29 AM

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QUOTE(TiramisuCoffee @ Jul 5 2019, 11:36 PM)
Meaning, irb will track ori source of donation all d way to foreign soil? Check if they hv paid up their taxes and all?  hmm.gif
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No. Irb only will check donation.. n determine if that donation is taxable. If yes then tax.

Then if corruption case or misuse relevant department like macc or police will act on it.


Moshpit94
post Jul 6 2019, 12:36 AM

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QUOTE(silent_stalker @ Jul 5 2019, 05:59 PM)
I believe its hard to pin src n 1mdb on najib.

But this tax thing. He is really fucked
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The thing is about 1MDB what Najib and Jho Low do to launder the money using a legal way and that's why people in *cough* s *cough* c investigate and still can't sumbat him with 1MDB case. It's a very complex scenario and exploit the law to the max
Doomsday
post Jul 6 2019, 01:24 AM

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can a PM earned so much and get taxed billions?
SUSnasiputih
post Jul 6 2019, 01:47 AM

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QUOTE(Raexim @ Jul 5 2019, 06:15 PM)
Dear future employer, please input my salary as donation so that I won't have to pay income tax.
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ayam donating money to mcd and mcd is donating me bigmac. therefore, no sst 6%.

SUSnasiputih
post Jul 6 2019, 01:50 AM

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QUOTE(gogocan @ Jul 5 2019, 11:53 PM)
The story mory is like this....

Based on SPRM (MACC) findings in 2016, the money was a voluntary donation from saudi..thus based on that fact LHDN didn't tax the money received as it does not fall under Sec 4 ACP 1967.

But now under PH, SPRM said there was no proof that the money was a donation from saudi prince..so based on the new fact, the money was treated as unreported income and therefore taxable

Sekian.
*
Zahid is proof. he saw it with his own eyes.
SUSRO Player
post Jul 6 2019, 01:57 AM

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Wow...lhdn for the win...
perplexedstill
post Jul 6 2019, 02:10 AM

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As usual, ph main fitnah again.
wanted111who
post Jul 6 2019, 03:25 AM

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QUOTE(gogocan @ Jul 5 2019, 05:37 PM)
If najib declare bankrupt how?
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Mp carreer good bye.
lagista
post Jul 6 2019, 09:14 AM

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QUOTE(nasiputih @ Jul 6 2019, 01:50 AM)
Zahid is proof. he saw it with his own eyes.
*
but he forgot to ask donuts came from 1mdb or not...

Saya sudah bertemu wakil keluarga penderma RM2.6 b
22 Aug 2015
https://forum.lowyat.net/topic/3688313


lagista
post Jul 6 2019, 09:22 AM

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QUOTE(loon90 @ Jul 5 2019, 11:50 PM)
But he say he always pay his taxes
*
Elak bayar cukai: Jangan jadi pengkhianat negara
23 Nov 2013 SoS

PM: Paying Taxes Is A Civic And Moral Responsibility
Bayar cukai satu tanggungjawab - Najib

2 Mar 2017
https://forum.lowyat.net/topic/4211234
https://forum.lowyat.net/topic/4211493
TiramisuCoffee
post Jul 6 2019, 10:48 AM

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QUOTE(gogocan @ Jul 5 2019, 05:37 PM)
If najib declare bankrupt how?
*
For our general knowledge ya.... smile.gif

What Happens When A Person Is Declared Bankrupt?
https://www.comparehero.my/debt-management/...ruptcy-malaysia
Being declared a bankrupt means an individual will have plenty of restrictions imposed upon them. Below are what will happen once a person is declared bankrupt:

Appointed A DGI
Once declared a bankrupt, a person will be assigned to the Director General of Insolvency (DGI). The DGI will administer all of the individual’s assets and manage it to repay the outstanding debts. So once declared bankrupt, a person’s assets will all be put under the administration of the DGI.

Travel Ban
An individual who has been declared bankrupt will be unable to travel out of the country without written permission from the DGI or before obtaining a court order which allows the individual to travel overseas.

Limited Credit Line
Existing bank accounts will be deactivated and a bankrupt will be barred from withdrawing any money from their existing account. Aside from that, a bankrupt is not allowed to spend more than RM1,000 on their credit card or obtain credit more than RM1,000 from any creditor.

Assets Taken Away
Once declared a bankrupt, all of the assets of the individual will be managed by the DGI. So for example an individual’s house and cars will be taken over by the DGI who will then manage it by reselling it to repay outstanding debts.

Employment Restricted
A bankrupt will not be able to work in certain professions which have restrictions imposed by their professional associations or licensing authorities. Examples of the profession a bankrupt cannot be employed as are:

Lawyer
Quantity Surveyor
Accountant
Doctor

Aside from that, once declared bankrupt an individual may not act as a director of a company. A bankrupt is also not allowed to own a business or be part of a business ownership, so no entrepreneurship is allowed once an individual has been declared a bankrupt.

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