This slides I got might be interesting to read for:

P/S: I didn't prepare it. I received it via forwarded email.

Quick e-refund by IRB

PETALING JAYA: Refunds by the Inland Revenue Board will automatically be banked into taxpayers' bank accounts under e-Refund.

IRB chief executive officer Datuk Hasmah Abdullah said that under e-Refund, those who use e-Filing to submit their tax returns, would be able to get their refunds within a month.

"We are now working on the specifications of the e-Refund software and looking at the security of this system so that it can work effectively in refunding the money.

"The new system will likely be implemented for 2008 returns," she told The Star.

Hasmah said this was among the reasons why IRB has been asking taxpayers to submit details of their bank account numbers in the tax returns.

A total of 874,814 taxpayers e-Filed their tax returns last year, compared with 186,343 in 2006.

Hasmah said that they were expecting more than a million taxpayers to e-File their returns this year, as e-Filing system had been made more user-friendly.

She said currently refund cheques are prepared and mailed to the taxpayer and the whole process may take five to six weeks, as the volume involved is large.

Taxpayers have expressed their unhappiness with the current refund system. Among the grouses were the delay in processing refunds, refund cheques in the mail getting lost and taxpayers' contribution not updated.

On the filing of the 2007 tax returns, Hasmah said most of the IRB branches nationwide would be operating from 8am to 10pm until the deadline on April 30.

"If there is a crowd, IRB will also extend its service time to even midnight," she added.

The e-Filing system, she said, was working well without any hitch.

She urged taxpayers to file their returns early and not wait till the very last minute.

For more information on e-Filing, visit www.hasil.org.my or call 1-300-88-3010.

URL: http://thestar.com.my/news/story.asp?file=...0996&sec=nation

Completed my e-filing yesterday and it is fast at LHDN office.

I'm wondering on what's difference between:

Insurans nyawa dan KWSP (TERHAD 6,000)
Insurans pendidikan dan perubatan (TERHAD 3,000)

From my intepretation, it's going to be between LIFE insurance and MEDICAL insurance. If I'm having an investment-linked policy which includes a medial card, how? How about personal accident policy? Would it be able to be included in "tuntutan pelepasan"?

Thank you.

One observation on Self Relief of RM 8000. This figure has been there since when?

Shouldn't it should be reviewed since the price of essential goods are increasing annually?

RM 8000 per year translated to roughly RM 667 per month. How an individual could survive in today's world with that figure.

What you guys think on the revision of the self relief (Individu dan saudara tanggungan)? Perhaps to RM 10k, 12k or even higher.

I'm talking about "Individu dan saudara tanggungan" of RM 8k. It only relieves once every 3-5 years? Not other kinds of relief like computer purchase.

Sorry I'm new in tax.

The year budget will be earlier right? Somewhen in August if I remembered correctly.