problem is I think many of us don't really keep track of our shares dividend, ever since we are no longer taxed on them...

I can also imagine some will lie about sewa bangunan... those who didn't even declare to ldhn

This post has been edited by Wedchar2912: Jan 2 2024, 06:34 PM

currently really no reason, especially for anyone who knows they by right won't qualify for subsidies. Especially kucing kurap type, like 100rm STR.

but who knows in future got other subsidies etc? i can imagine one day will come the gov says M40 and above no longer enjoy free gov hospital treatment etc

In some jurisdictions (america loves to do this), law enforcement like irs loves to use this to catch people.... no declaration, no worry. but declare false info, perjury.

I do wonder about Malaysia, because I see politicians always do stat declarations and nothing happens to them when it is obviously not 100% truthful.

This bank info should be fine... because BNM still protects our privacy somewhat.

but what if say one has 450K rm in FD, but accidentally declared it only 400K rm and interest rate also round down to 2.5% pa?

this is the story they kept on telling, but PADU is also attempting to collect more data that gov currently do not have. Like how much dividend you are receiving... Is this info currently available to any of the government arm? if yes, what sorts of dividend?

As far as I am aware and remember, once share dividend are no longer taxable for individuals, the dividends received from shares are no longer required to be filled in. Dividends for UT need to be declared to LHDN as far as I know, but i never owned any UT, so I can't be sure.
(it is not about how much or how little. Even for a small amount like overclaim deduction for phone allowance can trigger lhdn to disturb you... unless you are a helang of course.... haha)


So PADU now wants us to declare the divs? and later come audit, how to answer? I don't even keep those dividend statements from the firms anymore, and I think most people also do not. the work and hassle is definitely more costly than STR of 100rm.

This post has been edited by Wedchar2912: Jan 2 2024, 08:43 PM

yeah, for the petrol subsidy maybe worth the declaration... that's assuming I can qualify.

yeap, unit trust...

tq MUM....

so basically stay put for those who already receiving STR and keep quiet until there is new development.

If they are going to make it a yearly thing, I rather LDHN take over the whole process and responsibility. No need one extra department wasting resources and disturbing everyone.

thank you for giving up the subsidies for the rest of poor people who doesn't even pay tax.

tq tq...

Its not penalized if you psych yourself that you are giving away your allocation to others in need...

or basically one knows one will not be able to get any subsidies if the database is updated properly with info that the gov definitely can get their hands on.

eg: previously I officially don't have any taxable income and hence my filing in lhdn will reflect this fact.
unfortunately, once they tie in the EPF balance, no chance for me to get subsidies already. So no point updating the PADU system anymore, as PADU also asked for other info that the gov currently don't have access to, like your interest income and dividend income.

gov should really make the criteria transparent and known to everyone. It should not be hidden and abused by government itself to decide where the cutoff is as and when they like.
be clear and unambiguous...
(ie don't repeat the earlier nonsense of why those earning lesser than 100K rm could not get the free 100rm... turns out, and this is based on our guesses, these people has never open a LDHN account cos they never earned enough to warrant filing income tax. stupid or not? )

This post has been edited by Wedchar2912: Jan 13 2024, 08:49 PM

The last few days news been of interest... not trying to do fear mongering.

Can see what is happening to certain wife/kid/relative of politicians... MACC asking them to declare their assets...

My genuine question is when we declare stuff to PADU, what does it entail?

NONETHELESS, I doubt MACC or LHDN is so free to come after all who declared stuff in PADU, but one should still be aware of the implications.

and whats the real benefit for those who filled up PADU? 100rm worth of fuel subsidies per month?
(and i don't think we will get 1rm subsidy for 1 litre of petrol lor... 100rm per month is like subsidizing 100 liter for month)

This post has been edited by Wedchar2912: Jan 23 2024, 02:14 PM

It is very sly and a insincere way of gathering info via PADU.

Wants everyone to register and declare info to fill up gov's database, but government itself is not sharing what is the criteria to qualify for subsidies.

btw, the info is subject to leaks, and in same time, future governments (plus parties in charge of such governments) will be able to access your info as well.

This post has been edited by Wedchar2912: Jan 23 2024, 11:19 PM

you really think too poorly of the rich...

and you must really think wasting time to fill some silly database is a fun thing to do right? haha

this part which is bolded... I am trying to see your point of view... somehow I have the impression you think it is a dare or dare not to do on behalf of those you think is rich. Reminded me of kids in school... i did this already, so now I dare you... haha.

LHDN already have pretty much everyone's bank account number, or at least those who file taxes. So what is there to dare or not dare to register?

btw, if many of the "rich", as you alleged, "dare" not register, it is either they know something you don't, or you are just either too brave or just not in same situation as the "rich".

curious... how many account numbers and banks did the PADU ask of you?

is it just 1 or all? good luck to asking for all and expecting 100% of people to be 100% remember all the accounts they have.

They are actively getting villagers to register is because if left alone, chances are enough of them won't register and they currently don't have income tax file. So when subsidies are given, these real B40 group will be missing out, and u can guess what will happen....

end of PH gov cos it will be seen as PH not helping the poor villagers....

well, those who think they may not qualify for subsidies can skip/choose to wait till the criteria for subsidies are announced officially.
(what to do... life is unfair.. for some of us who diligently file and pay taxes throughout our working life, no gov wants to hear this "unfairness" argument )
Keep in mind, if one earns T01, don't lar harap the small 100 to 200rm per month... really makes no diff to the person's life.

Those who are clearly in B40 should register.
Those in M40 will have the headache of deciding to register or not, cos don't know where the cutoff is.

To be logical (nothing to do with fairness), median income of the country should be the cutoff to receive subsidies. Guess what's that number? around 3K rm only...

This post has been edited by Wedchar2912: Jan 27 2024, 10:02 PM