Comments on: How to Pay Income Tax Online using CIMB Clicks

By: 顽皮宝宝

顽皮宝宝 — Mon, 12 May 2008 15:32:40 +0000

Please read the act & T&C in details.

You are welcome to apply whatever you want & you think it is applicable to your condition. Remember to get approved letter from the relevant authorities before you do so for you future sweet dream.

It is normal in our practise which we will get different answer from different officer for a same query, so please make sure you are asking the correct person, and this is very important.

GOOD LUCK!

By: Kenneth

Kenneth — Sun, 11 May 2008 17:48:15 +0000

http://www.utusan.com.my/utusan/SpecialCoverage/Belanjawan2004/index.asp?y=2003&dt=0912&pub=Belanjawan2004&sec=News&pg=nb_01.htm
http://www.matrade.gov.my/exportsupport/taxincentives.htm

The export companies earning foreign income in Malaysia are already enjoying a varying degree of exemption from the tax law. To say that an individual needs to have working activities or office in foreign nation to qualify the income as “foreign source” or it has to be taxed by the respective nation just do not make much sense to me. So i think when Mahatir extended the exemption to from local export companies to individual resident in 2004. I strongly believe he intended to benefit Malaysian resident who’re able to earn income or remit income from solely foreign source (eg: foreign customers and foreign visitors ). Perhaps this is why the official from my state IRB says that my internet income are tax exempted ? (as my sites are visited by mostly foreigners ). Someone in IRB needs to call Mahatir for clarification ? LOL

By: 顽皮宝宝

顽皮宝宝 — Tue, 06 May 2008 17:35:16 +0000

Otherwise, you can visit http://www.taxfree.com.my to raise your queries.

By: 顽皮宝宝

顽皮宝宝 — Tue, 06 May 2008 17:29:32 +0000

Please read this. Sorry for those can’t read Chinese…

http://iceclim.blogspot.com/2008/05/blog-post_01.html

By: Kenneth

Kenneth — Sun, 04 May 2008 03:32:31 +0000

Of course i did mention google adsense and commissions from oversea, if that’s not enough, ~ 100% foreign source as most of my visitors and customers are foreigners. 1300-88-3010 didn’t work for me, it’s always engaged. That’s y i called up the state branch. Malaysia is a tax haven for internet webmasters earning income from oversea at least for now.

By: 顽皮宝宝

顽皮宝宝 — Wed, 30 Apr 2008 15:54:07 +0000

Did you explain to the officer how’s the Foreign Income derived? Their definition on the Foreign Income is different. If you just mention Foreign Income and din tell the whole process of how the Foreign Income derived, of course they will assume that the Foreign Income you mean is what they expect. It will be better to call their customer care line 1300-88-3010

In fact I had check with them, will provide the information to you later.

By: kenneth

kenneth — Wed, 30 Apr 2008 01:22:10 +0000

In other words, Google adsense income and affiliate commmision from oversea are not taxable if you are Malaysian citizen (WOW ). So stop paying taxes already when you don’t have to..

Again call up IRB of your state to confirm .

By: kenneth

kenneth — Wed, 30 Apr 2008 01:16:31 +0000

I just checked with IRB in petaling Jaya, spoke with the official and she said foreign income is not taxable provided that you’re Malaysian resident. I asked her the reason and she said it’s to spur inflow of income from oversea to Malaysia.

Call 0378827500 ( Petaling branch ) if you would like to confirm.

Cheers

By: 顽皮宝宝

顽皮宝宝 — Mon, 28 Apr 2008 12:19:32 +0000

Gilbert, I think the No. Ansuran you mean is different with what LcF is paying now He is paying the income tax instalment for current year (YA2008) income, while the one you mean is the last instalment to be pay when you submit the Form BE, at current situation should be for YA2007.

By: Gilbert

Gilbert — Sat, 29 Mar 2008 04:13:31 +0000

Thanks for the information listed. Very good. But there is something no right, in my opinion. The No. Ansuran etc is stated in the eBE form and not as what you had intepreted.

By: beautifulnara

beautifulnara — Wed, 26 Mar 2008 00:05:37 +0000

very good info liew.thanks.still aint got much adsense income to pay tax for :P

By: Calvin

Calvin — Tue, 25 Mar 2008 18:05:56 +0000

Dear Raymond.CC, who is ur accountant? maybe you could do him a favor by introducing him to us.

By: LHDN

LHDN — Tue, 25 Mar 2008 10:25:02 +0000

Source: http://hasil.org.my/english/eng_NO2_1_1A.asp

Very clearly stated that INCOME(not money) remitted into malaysia from overseas is tax exempted.

By: 顽皮宝宝

顽皮宝宝 — Mon, 24 Mar 2008 09:54:31 +0000

@Calvin, the business income u earn in Australia will be tax by Australia authority. When you remit these money to Malaysia, it will not be tax again in Malaysia. However, under some category of income from overseas which the amount remited is net of the withholding tax pay in overseas, the income is taxable in Malaysia but you can claim the withholding tax paid under S132/S133 Bilateral Relief or Uniteral Relief depends on whether there is any Double Tax Agreement sign between M’sia & the Country involved. It should be something like this

By: Syahid A.

Syahid A. — Mon, 24 Mar 2008 09:33:53 +0000

If money earned from blogging is tax free, it adds another reason to join the blogging bandwagon then.

By: Calvin

Calvin — Sun, 23 Mar 2008 22:00:40 +0000

Okay, to make things simple, say I’m a Malaysian and I have a business in Australia and its making millions per year, must I pay income to the Malaysian gov?

By: ChampDog

ChampDog — Sun, 23 Mar 2008 16:15:10 +0000

I pay through public bank online.

By: Raymond.CC

Raymond.CC — Sun, 23 Mar 2008 01:43:55 +0000

Although income remitted from outside Malaysia is tax free, but you still have to submit your tax forms so when you buy car and properties, you won’t be questioned by income tax people.

I don’t know which section of Income Tax Act 1967 say so but my tax consultant told me. They should know better. I explained how Google Adsense works and my tax consultant confirmed with me that it is tax free. However, I guess if you’re using nufnag, which is Malaysian based advertising company, it might be taxable.

By: DM

DM — Sat, 22 Mar 2008 19:34:19 +0000

Income Remitted from Outside Malaysia – With effect from the year of assessment 2004, income derived from outside Malaysia and received in Malaysia by resident individual is exempted from tax.

Source: http://hasil.org.my/english/eng_NO2_1_1A.asp

Actually this is the confusing part as i received different answers from few peoples (including lhdn guy). Some say taxable some say non taxable.

By: Crazy Girl

Crazy Girl — Sat, 22 Mar 2008 11:15:23 +0000

Raymond, please advise which section of Income Tax Act 1967 say so… Thanks.