TAX knowledge

2021/08/04

Tax questions? You ask lah!

Q: If a Malaysian company pays advertising fee to a local social media influencer, can the company claim this expense for tax deduction?

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2021/08/04

Tax questions? You ask lah!

Q: If I change my tax submission from using Form BE to Form B, should I change my tax file prefix from SG to OG by myself?

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2021/07/28

Tax questions? You ask lah!

Q: I have bought a company car in Year 2018, but I did not report benefit-in-kind (BIK) in my income tax return for Years of Assessment (YAs) 2018 and 2019, can I declare the BIK amount in Year of Assessment 2020? What are the consequences of not reporting the BIK in YAs 2018 & 2019? 

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2021/07/28

Tax questions? You ask lah!

Q: Mimi has purchased a handphone in Year 2020 but did not claim the lifestyle relief in Year of Assessment (YA) 2020, can she claim in YA 2021?

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2021/07/21

Tax questions? You ask lah!

Q: My net rental income for Year of Assessment 2019 is negative (rental loss), can I carry forward the rental loss to the next year? 

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2021/07/21

Tax questions? You ask lah!

Q: Tom has 3 investment properties, one of the properties has incurred rental loss in the Year of Assessment 2020, can he contra the rental loss with other properties which are with rental gain?

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2021/07/14

Tax questions? You ask lah!

Q: Can I claim lifestyle relief for ebook and eNewspaper? 

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2021/07/14

Tax questions? You ask lah!

Q: If the mobile phone bill has detailed breakdown for talk time and data plan charges, can the data plan portion be eligible for lifestyle relief?

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2021/07/07

Tax questions? You ask lah!

Q: Edwin‘s golf club subscription includes gym facilities access, can he claim lifestyle relief for his golf club membership fee?

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2021/07/07

Tax questions? You ask lah!

Q: I’m staying in Malaysia but I purchased life insurance from Singapore, can I claim the insurance relief?

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2021/06/30

Tax questions? You ask lah!

Q: Ken has purchased a new laptop amounting RM 4,000 for personal use on 10 August 2020 and there is only one receipt. In his income tax return for Year of Assessment 2020, can he claim RM 1,500 under lifestyle relief and RM 2,500 under the special additional lifestyle relief for the purchase of smartphone/tablet/personal computer? 

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2021/06/30

Tax questions? You ask lah!

Q: Can I claim lifestyle relief for the purchase of new smartphone/tablet/personal computer every year? 

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2021/06/23

Tax questions? You ask lah!

Q: If a director has not received the accrued director fee, is the director fee taxable?

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2021/06/23

Tax questions? You ask lah!

Q: Can a company claim tax deduction for the accrued directors fees declared?

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2021/06/16

Tax questions? You ask lah!

Q: I have 3 siblings. Can all of us claim our mum’s medical expenses under personal tax relief? If she is staying in a retirement home now, can we claim tax relief for the monthly fee?

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2021/06/16

Tax questions? You ask lah!

Q: If Sasa’s mother passed away in February 2020, can she still claim the parent relief of RM 1,500 in her individual tax submission for the Year of Assessment 2020? 

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2021/06/09

Tax questions? You ask lah!

Q: If I make an online bank transfer using my company’s bank account to an existing customer to sponsor their company annual dinner and they have provided supporting documentation for the sponsor. Can my company claim tax deduction for the sponsored amount? 

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2021/06/09

Tax questions? You ask lah!

Q: Is company trip tax deductible?

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2021/06/02

Tax questions? You ask lah!

Q: A Malaysian who is working overseas without a tax file number has sold his real property in Malaysia. Does this person need to register a tax file number? After registering a tax file number (if needed), does this person need to file an income tax return form annually even though this person is working overseas?

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2021/06/02

Tax questions? You ask lah!

Q: My company has received financial assistance of RM 600 per month from Wage Subsidy Programme (WSP) in May 2020, is this amount taxable? I have paid the amount to my staff as part of his salary within 7 days, can my company claim tax deduction for this amount paid? 

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2021/05/26

Tax questions? You ask lah!

Q: Is condolence given to customers tax deductible?

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2021/05/26

Tax questions? You ask lah!

Q: Is traditional Chinese medicine/supplement eligible to claim relief?

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2021/05/19

Tax questions? You ask lah!

Q: If Andy uses the government subsidy/allowance to repay the company's expenses, are the expenses tax deductible?

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2021/05/19

Tax questions? You ask lah!

Q: For government servants who apply for early retirement, do they need to declare the gratuities received?

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2021/05/12

Tax questions? You ask lah!

Q: Is EIS taxable?

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2021/05/12

Tax questions? You ask lah!

Q: Do I need to declare the profit earned from unit trust?

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2021/05/05

Tax questions? You ask lah!

Q: If Teddy revises his previous tax submission, will he be audited?

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2021/05/05

Tax questions? You ask lah!

Q: If Cindy is employed by a foreign company but exercises her employment in Malaysia, does she need to file Form BE?

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2021/04/28

Tax questions? You ask lah!

Q: If my child has started working, can I still claim the medical insurance relief under my tax file?

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2021/04/28

Tax questions? You ask lah!

Q: If my child graduated from a university in June then he started working within the same year, can I still claim the RM 8,000 child relief? 

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2021/04/21

Tax questions? You ask lah!

Q: Can a retired person claim EPF tax relief? 

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2021/04/21

Tax questions? You ask lah!

Q: If a self-employed person contributes EPF, can he/she claim the EPF tax relief?

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2021/04/14

Tax questions? You ask lah!

Q: If a company is paying monthly parking fee for staff, can the company claim tax deduction? 

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2021/04/14

Tax questions? You ask lah!

Q: If a company is giving gift voucher and hamper to an existing customer, can the company claim tax deduction?

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2021/04/07

Tax questions? You ask lah!

Q: If Karen has no income for the year of assessment (i.e. no employment and other types of income), does she need to file her income tax return?

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2021/04/07

Tax questions? You ask lah!

Q: Can Steven choose not to stamp his tenancy agreement if he rents out an apartment? If there is no official stamped Tenancy Agreement, is he obliged to declare his rental income?  

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2021/03/31

Tax questions? You ask lah!

Q: Are tenancy agreement fee and stamping fee eligible to be claimed as direct expenses for rental income? 

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2021/03/31

Tax questions? You ask lah!

Q: Is property agent’s commission eligible to be claimed as a direct expense for rental income?

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2021/03/24

Tax questions? You ask lah!

Q: If a staff uses the medical benefit given by company to buy health supplements and equipment like hearing aids, will the medical benefit be tax deductible?

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2021/03/24

Tax questions? You ask lah!

Q: Is there a limit to the medical benefit that a Sdn Bhd can give to their staff and family?

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2021/03/17

Tax questions? You ask lah!

Q: Recently we have purchased medical equipment and medical face mask from overseas, but purchases from overseas such as Taobao has no actual invoice from the supplier, so can we take these purchases into our accounts?

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2021/03/17

Tax questions? You ask lah!

Q: What is the tax treatment for advance rental, rental deposit and utility deposit? 

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2021/03/10

Tax questions? You ask lah!

Q: If Bob’s insurance policy consists of life and medical insurance, how should he claim the tax relief for life insurance and the tax relief for medical insurance?

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2021/03/10

Tax questions? You ask lah!

Q: If Andrew signs up for a mobile data plan and at the same time, he also purchases a handphone by paying an additional RM 100 per month, can he claim the additional RM 100 as the purchase of handphone for lifestyle relief?    

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2021/03/03

Tax questions? You ask lah!

Q: Company ABC hires foreign workers, but the permit of the foreign workers is registered under another company, does Company ABC need to report the salary paid to these foreign workers in Form E?

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2021/03/03

Tax questions? You ask lah!

Q: If the director only receives director’s fee, does it need to be reported in Form E? 

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2021/02/24

Tax questions? You ask lah!

Q: For the education fees relief of RM7,000, does it include online courses such as shares and options trading, online marketing, property investments, etc?

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2021/02/24

Tax questions? You ask lah!

Q: Is the cash won from winning the lottery taxable? 

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2021/02/17

Tax questions? You ask lah!

Q: Connie has been residing in Singapore since Year 2020 due to COVID-19 travel restrictions. Her number of days in Malaysia for Year 2020 was only 70 days. Is she still considered as a tax resident for Year of Assessment 2020? 

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2021/02/10

Tax questions? You ask lah!

Q: Gary purchases a mobile phone under an instalment plan, can he claim the mobile phone under lifestyle relief? 

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2021/02/10

Tax questions? You ask lah!

Q: Is telco plan subscription eligible for lifestyle relief?

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2021/02/03

Tax questions? You ask lah!

Q: Company ABC purchased goods from China supplier and received an invoice written in Chinese, is this invoice valid? 

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2021/02/03

Tax questions? You ask lah!

Q: If a supplier is unable to provide a valid sales invoice, how should the company prove that the transaction is valid?

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2021/01/27

Tax questions? You ask lah!

Q: If Company JKL deposits part of a bank loan into fixed deposit, is there any issue to take note?

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2021/01/27

Tax questions? You ask lah!

Q: If Company ABC take a business loan and lend it to a director, will there be any interest restriction?  

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2021/01/20

Tax questions? You ask lah!

Q: Is furniture purchased for tenant considered as direct expense? 

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2021/01/20

Tax questions? You ask lah!

Q: If a newly acquired sub-sale property requires repair works, would the repair costs incurred be tax deductible?

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2021/01/13

Tax questions? You ask lah!

Q: Badminton game expenses: badminton court rental fee, shuttlecock, badminton racquet. Are these badminton expenses eligible to be claimed as lifestyle relief?

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2021/01/13

Tax questions? You ask lah!

Q: Is yoga class fee eligible to be claimed as lifestyle relief?

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2021/01/06

Tax questions? You ask lah!

Q: If a property belongs to an individual, but the loan is under a company's name. Would the rental income be reported under the individual's income tax?

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2021/01/06

Tax questions? You ask lah!

Q: If a property belongs to A & B as stated in the Sales and Purchase Agreement, but only A is stated in the rental agreement as the landlord, would the rental income only be declared as A's income?

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2020/12/30

Tax questions? You ask lah!

Q: Is bicycle eligible to be claimed as lifestyle relief?

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2020/12/30

Tax questions? You ask lah!

Q: Is bicycle trainer set eligible to be claimed as lifestyle relief?

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2020/12/23

Tax questions? You ask lah! 

Q: If a property rented out is vacant for 4 months, would the loan interest, management fees and other rental expenses incurred during the vacant period be tax deductible?

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2020/12/23

Tax questions? You ask lah! 

Q: If a property has only been rented out for 9 months in the first year, would the direct expenses incurred be calculated proportionately? 

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2020/12/16

Tax questions? You ask lah! 

Q: If a husband is paying for his wife's life insurance premium, can his wife claim tax relief?

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2020/10/29

Updates on Income Tax Exemptions & Deductions + Amendment on Service Tax Policies

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2020/06/27

Tax Deduction for Secretarial and Tax Filing Fee

Effective year of assessment 2020, tax deduction allowed up to maximum of RM15,000 per year for secretarial and tax filing fees. 

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2020/06/25

Special Tax Deduction on Rental Reduction

A special tax deduction was introduced in the earlier Economic Stimulus Package for landlords who reduce at least 30% rental on business premises rented to SME tenants, for period of April 2020 to June 2020.
This special deduction has been extended to 30th September 2020 as announced in the Short-Term Economic Recovery Plan (PENJANA).

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2020/06/16

25% Reduction for Foreign Worker Levy

Levy fees payable for the renewal of visit pass which expires on any date from 1 April 2020 to 31 December 2020 are remitted by 25%.

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2020/06/13

Taxable & Exempted Employment Income

  • Source of employment income
  • Taxable employment income
  • Tax exempted employment income
  • Basis year and basis period

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2020/02/19

Form E Submission Criteria You Need to Know

Did you notice that Sdn Bhd are required to file Form E irrespective active or dormant, with or without employees? 

In fact, the biggest problem is that many companies are not aware that they have met the criteria to submit a Form E. Companies who have employees, issued salary or registered an E-filing number are required to file a Form E. 

Watch out these grey zones to avoid hefty penalties!

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2017/04/03

TAX - a quick check on whether you should file Form E and CP8D

  • A quick check on whether your company should file Form E
  • Deadlines for Submission of Form E
  • A quick check on whether you need to fill in CP8D

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2017/02/21

What Employers Must Know About Form E Submission?

Deadlines for Employers

  • eData Praisi - Closing on 22 February 2017
  • Form EA - Must prepare and provide to all employees by 28 February 2017
  • Form CP58 - Not later than 31 March of the following year in which the incentives were paid

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2016/3/31

Have You Submitted Form E?

March is where the season of tax submission begins. All Malaysian businesses irregardless of large, medium or small companies are held to submit a Form E to the Inland Revenue Board (IRB) by the end of this month.

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