How to File Income Tax Malaysia (2024) | Step by Step Guide

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Ziet Invests

Ziet Invests

Күн бұрын

Your simple and easy guide to filing income tax in Malaysia (2024) 🟠 𝗦𝘁𝗮𝗿𝘁 𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 𝘄𝗶𝘁𝗵 𝗺𝗼𝗼𝗺𝗼𝗼 ➡️ j.moomoo.com/00JRcf
🟠 𝗦𝘁𝗮𝗿𝘁 𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 𝘄𝗶𝘁𝗵 𝗺𝗼𝗼𝗺𝗼𝗼 ➡️ j.moomoo.com/00JRcf
👉🏻 𝗦𝗶𝗴𝗻 𝘂𝗽, 𝗗𝗲𝗽𝗼𝘀𝗶𝘁 𝗮𝗻𝗱 𝗴𝗲𝘁 𝗟𝗶𝗺𝗶𝘁𝗲𝗱-𝗧𝗶𝗺𝗲 𝗿𝗲𝘄𝗮𝗿𝗱𝘀 𝗿𝗶𝗴𝗵𝘁 𝗻𝗼𝘄!
⬇️ Timestamps:
0:00 → Introduction
0:41 → First-Time Taxpayer
1:21 → Ad Break
2:38 → Where to File Income Tax?
3:10 → Your Dashboard
3:20 → e-Form Status (e-BE)
3:58 → Particulars of Individual
4:22 → Type of Assessment
5:11 → Other Particulars
5:20 → Has financial accounts at financial institutions outside Malaysia
5:50 → Disposal of asset under the Real Property Gains Tax Act 1976
6:03 → Disposal declared to LHDNM
6:55 → Method of Payment for Tax Refund
7:23 → Incentive Claim
7:44 → Statutory Income and Total Income
8:14 → Number of Employment
8:21 → Statutory Income from Sources of Rent in Malaysia
8:47 → Statutory Income from Sources of Interest, Discounts, Royalties, etc.
8:57 → Aggregate Income (Angel Investor)
9:54 → Approved Donations / Gifts / Contributions
10:13 → Non-Employment Income of Preceding Years Not Declared
10:33 → Relief
11:10 → Medical Treatment and Special Needs
11:50 → Education Fees (Self)
12:17 → Medical Expenses
13:33 → Lifestyle Tax Relief
14:05 → Breastfeeding Equipment
14:14 → Child Care Fees
14:23 → Skim Simpanan Pendidkan Nasional (SSPN)
14:31 → Alimony to Former Wife
14:43 → Child Tax Relief
15:05 → Life Insurance and EPF
15:33 → Private Retirement Scheme (PRS)
15:45 → Education and Medical Insurance
15:48 → Contribution to SOSCO
15:51 → Payment of Installation Rental, Purchase of Equipment for Use of Electric Vehicle Charging Facility (Not for Business Use)
16:07 → Rebate / Tax Deductions/ Tax Relief
16:11 → Departure Levy for Umrah travel / Religious Travel for Other Religions
16:24 → Summary
16:39 → Income Tax Computation
16:58 → Tax Rebate, Zakat and Fitrah, and Religious Travel
17:12 → Total Tax Charged for the Year of Assessment 2023
17:39 → Declaration
18:20 → Tax Paid in Excess Process
18:41 → How to Pay for Income Tax
19:13 → Conclusion
Filing taxes can be difficult, but in this video, I'm going to simplify the whole process for you - whether you're either a first-time or long-time taxpayer. I will explain what constitutes as taxable income and highlighting the various sources it can come from. More importantly, I will walk you through the different options you can claim back your money on eligible purchases and expenses paid for in the past year.
I will offer real-world scenarios and useful tips to help you grasp the entire tax filing system, hopefully helping you make informed decisions that could significantly increase your tax savings.
❗️USEFUL LINKS❗️
➡️ Ultimate Income Tax Relief Guide for Malaysians (2024) → • Ultimate Income Tax Re...
➡️ Updated Tax Filing Site (formerly known as ez.hasil.gov.my)→ mytax.hasil.gov.my/
➡️ 🟠 Moomoo Complete Playlist 🟠 → • Moomoo Trading
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SOCIAL MEDIA LINKS
🔵Facebook → / zietinvests
🟣Instagram → / ziet_invests
🐦Twitter → / zietinvests
🌐Website → www.ziet.co
💭Telegram → t.me/+fIOOXUQJjsVmNmY1
🏠Discord → / discord
Income Tax Malaysia 2024
Filing Taxes Malaysia
LHDN e-Filing Guide
Tax Relief 2023
First Time Taxpayer
Borang BE Tutorial
Tax Refund
MyTax Hasil
Tax Deductions
EA Form Malaysia
Malaysia Tax Tips
Tax Saving Strategies
#incometax #tax #incometax2023 #incometax2024 #incometaxmalaysia #malaysiatax #personalincometax #lhdn #personalfinance #personalfinancemalaysia #financemalaysia #malaysia #incometaxguide #moomoo #moomootrading #moomoomy #moomoomalaysia
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Disclaimer: All views expressed in this video are the independent opinions of Ziet, which are not necessarily shared by Futu Malaysia Sdn. Bhd. (“Moomoo MY”). No content shall be considered financial advice or recommendation. Moomoo MY links are included in this post, through which referrals are made and Ziet may receive certain commissions. Please contact Moomoo MY for more information.

Пікірлер: 141
@moonhanaa
@moonhanaa 6 күн бұрын
My savior before the deadline, thank you for the detailed guide!
@kishanraajkathiraso6950
@kishanraajkathiraso6950 25 күн бұрын
Dear Brother Ziet, Thank you very much for creating this valuable video that helped me file my tax for 2023, This is the very first time I'm doing this as I just got employed last year after finishing my studies, I asked my dad, he was not willing to help me on this, anyways, I really appreciate and value your effort in this video. Sending my best regards for you. Stay Happy and Healthy. Cheers.
@jkjy6471
@jkjy6471 22 күн бұрын
your dad indirectly teach you to fish instead of giving you the fish
@saoifchannel3352
@saoifchannel3352 Ай бұрын
Thank you so much, i never do this stuff and the way you explain it, make it so simple. i was able to register, login, and declare my income tax in just one go. i absolutely grateful. Thanks alot
@allthegoodnamesaretaken
@allthegoodnamesaretaken Ай бұрын
I will forever be grateful to you for this
@starpixel3998
@starpixel3998 Ай бұрын
Hi, Love the video but can you please make a step by step guide for e-B form instead of e-BE? There arent any guides on youtube and it would be very helpful to have one thanks
@yaphao4544
@yaphao4544 18 күн бұрын
Thank you for your video, i am one of those "first timer" , so your video guide really comprehensive and walkthrough me to file my first income tax. Thank you
@ric3c1oud
@ric3c1oud 26 күн бұрын
Thank you so much for giving this step-by-step video ❤ Truly appreciate the effort, time and detail taken!!!!!!
@Ayayron8923
@Ayayron8923 Ай бұрын
Rental income not only adding all the received rental but also need to deduct all the quit rent, repair cost, incurred interest for housing loan, etc
@ZietInvests
@ZietInvests Ай бұрын
Ahhh how did i missed that! Thank you for the reminder!
@user-sl5gn8zc5l
@user-sl5gn8zc5l Ай бұрын
@Ayayron8923 Agree with you and I was waiting for this part as well.
@SarawakLBB5
@SarawakLBB5 Ай бұрын
​@@ZietInvests can you do one focus on income tax for rental plus salary income?
@tj81090
@tj81090 Ай бұрын
This is super important. If u just key in without deducting, u will need to a pay extra taxes which u are not suppose to!
@yenfahloo4196
@yenfahloo4196 14 күн бұрын
May I know, did the income from homestay (Airbnb) need to declare to LHDN too?
@archangelgenesis
@archangelgenesis Ай бұрын
OMG exactly what i needed for ages, full step by step, all types . You truly are a savior Ziet. Keep it up
@ZietInvests
@ZietInvests Ай бұрын
Yayyyyy so happy to know that😁😁
@yechew24
@yechew24 Ай бұрын
Hey Ziet! Dropping by to say: Thanks for your wonderful video! ❤ This is a lifesaver for me, clear and concise guides. Your channel really uploads tons of good stuff. Congrats on the new office allocation🎉 😉
@ZietInvests
@ZietInvests Ай бұрын
Awww thank you so much for the kind words yechew! Do check out our other videos 🥰
@kevinanand1584
@kevinanand1584 Ай бұрын
Dudeeeeeee ur a legend la thanks so much I've been asking around and no one around me wants to freaking help me dude thanks so much. Also thanks for really educating people like me who have no one to learn things from I really appreciate it keep going yea!
@ZietInvests
@ZietInvests Ай бұрын
Wooo my pleasure kevin🥰🥰
@khoradele9003
@khoradele9003 17 күн бұрын
Thank you so much sir. Your video helps a lot!
@C0C023a
@C0C023a Ай бұрын
My friend, I want to express my deepest gratitude for discovering your channel! Words cannot capture how thankful I am (and I believe everybody else too) Your incredible content speaks volumes, and I encourage you to continue your journey of growth and evolution. Here's to wishing you abundant success and boundless happiness in all aspects of your life! 😁💪💰
@yoga0212
@yoga0212 11 күн бұрын
Thanks for sharing, the explanation is so systematic and clear!!! ❤ Please share it next year again. So helpful!!!Thank you so much
@familyz118
@familyz118 24 күн бұрын
Thank you so much, Follow your video step by step and I’m done Appreciate the effort to make this video 👍🏼👍🏼👍🏼
@ZietInvests
@ZietInvests 23 күн бұрын
I'm glad this video helped you!! Do check out our other videos if you have the time ☺️ Otherwise, have a good week ahead!
@reginaregina8715
@reginaregina8715 Ай бұрын
Hi,Ziet. thanks for the detailed video. However, I have a query here. Under EA form, should I deduct ttl tax exempt allowance(under F) from gross salary? Thanks
@fun_funnky9555
@fun_funnky9555 Ай бұрын
I had couple of doubts, apparently, got rid of after watching ur video, informative and properly advised step by step...thankyou!
@ZietInvests
@ZietInvests Ай бұрын
wooo so happy to know that, glad this helped!!
@user-os3dv5hh2s
@user-os3dv5hh2s Ай бұрын
Hi Ziet, if you are a retiree for many years and LHDN has already been informed many years ago and since then, LHDN notified you that you need not fill up any income tax form anymore. Recently, you sold a house inheited from your parents more than 5 years ago. And you have only this house - 1 only. And LHDN sent you a letter indicating that you do not have any RPGT to pay meaning you are exempted from RPGT, do you still need to file an income tax form for this year ? Please advise Ziet. Thank you.
@yinkuen1691
@yinkuen1691 Ай бұрын
Ziet this is so detail. Very very good work
@ZietInvests
@ZietInvests Ай бұрын
Thank you yin kuen!! Glad you liked it
@nessajassasin1515
@nessajassasin1515 Ай бұрын
The best financial ❤
@ZietInvests
@ZietInvests Ай бұрын
thank you so much!
@xueweigan3495
@xueweigan3495 16 күн бұрын
thank you for the sharing , by the way I need to do the amendment after submission of form, for the part "Type of assessment", but found that they're not allowed me to switch from "joint in the name of the husband" to the individual and spouse that hope to elect for" separate assessment" instead.
@jeannietan6738
@jeannietan6738 Ай бұрын
Do u know if sales of your company shares must be declared in income tax?
@ketam
@ketam 2 күн бұрын
Ok bro , thanks for the info .
@ZietInvests
@ZietInvests Күн бұрын
Glad you found it useful! 😁
@dingdingdragon4812
@dingdingdragon4812 Ай бұрын
how to declare income from foreign stock trading? i know we dont have to pay tax for that, but i should delcare right?
@Waynsong92
@Waynsong92 Ай бұрын
Thank you!!!!
@ZietInvests
@ZietInvests Ай бұрын
You're welcome!
@blissfuly8375
@blissfuly8375 Ай бұрын
Statutory income includes bonus all those? And for education can it be online course subscriptions (udemy, skillshare)?
@user-bx5ou5lv7n
@user-bx5ou5lv7n Ай бұрын
For the disposal of asset section, if I sold a house that I bought 10 years ago which shouldn’t kena RPGT tax. Am I still need to select YES on the “Disposal declared to LHDNM” ?
@Waynsong92
@Waynsong92 Ай бұрын
Could you show us how to actually make payment as well? If possible using credit card...I went to the page and there's several options. I dunno which to click .
@sazali10
@sazali10 8 күн бұрын
Hi Ziet. I have both Sdn Bhd and Enterprise. To my understanding, I need to fill in eBE for Sdn Bhd and eB for Enterprise. Am I correct? Can they be combined into 1 form only?
@lynntan2567
@lynntan2567 Ай бұрын
The total income is it include my EA form and my personal company income , and just add up?
@DayashniJeevananthan
@DayashniJeevananthan Ай бұрын
Hi ,may I know what's Baki cukai terlebih bayar (I've gt 2k plus mention there ) but jumlah balik is 0 ..am abit confused. Like ro I get a redemption? Tqq
@lsvic
@lsvic Ай бұрын
11:15 once filled in this section ' parent's medical fee' , do we need to upload any document? the tax website never prompted me to upload documents of receipts...
@SoulConnects
@SoulConnects Ай бұрын
Hi, thank you for the video. I am still lost for this will be my first time declaring income tax. I did Grab for a few months in mid 2023. In December 2023 i am now an employee. How do i declare my source of income for 2023?
@khoweewah5085
@khoweewah5085 11 күн бұрын
Hi, can you please make a step by step guide for e-B form instead of e-BE? There arent any guides on youtube and it would be very helpful to have one thanks
@richsi8380
@richsi8380 Ай бұрын
I have retired for 2 years already. Do I still need to submit my returns since I do not have any income anymore
@narvin3
@narvin3 Ай бұрын
Just wondering, if it's just me, but "Gaya hidup - Perbelanjaan untuk kegunaan / manfaat diri sendiri, suami / isteri atau anak" didn't they have sections last year the other one being this? Gaya hidup - Pembelian komputer peribadi, telefon pintar atau tablet untuk kegunaan / manfaat diri sendiri, suami / isteri atau anak dan bukan untuk kegunaan perniagaan, now they jumbled into 1??
@occ9733
@occ9733 Ай бұрын
My husband passed away, the condominium still renting, shall i submit as a other income?
@yingL1551
@yingL1551 7 күн бұрын
Hi what browser are you using? Even after allowing pop-ups, I can't access the "2023, e-Borang BE belum dihantar- Klik Disini Untuk Pengisian Dan Penghantaran". It keeps redirecting me to the log-in page again! Need help!
@andyhengpenghwa
@andyhengpenghwa 18 күн бұрын
Im unemployed for 2 years, last year just sold off a property. Do i need to insert the income in this form? under which income section? last year was told by LHDN staff that declaration (year 2022) is not required as i had no income. This year i did it because i had disposed a property in 2023. Since im unemployed, do i still able to get the tax relief?
@Sunflower2412
@Sunflower2412 Ай бұрын
Anneee thanks ... you are damn ..... i got it well ..
@ZietInvests
@ZietInvests Ай бұрын
No problem!! Glad this helped you😊
@sunny_n
@sunny_n Ай бұрын
Thank you Ziet! Just wondering will you be making a video on how to file tax for sole prop too? 😬
@ZietInvests
@ZietInvests Ай бұрын
Hi sunny, probably not already :x coz im already filing sdn bhd tax with my accountant this year, i dont have any screenshots/materials available for sole prop one
@raajboy
@raajboy 7 күн бұрын
Hi Ziet... Hopefully you can give me advise on this...for the year 2022 tax filling i made of error on my income tax. in year 2022 i have resign a job and join another company so i have 2 EA Form. IN the tax filling i only declare one EA form not both.. I did not plus both because i did not know and this is my first time and i was dump of not asking. Right now i cant amend on the website so what should i do? For the year 2023 all good, i just messed up 2022. HELP ME MAN. Thinking of emailing LHDM
@rndchan1405
@rndchan1405 4 күн бұрын
hi Ziet Guru, I need advice on "Life insurance and EPF" relief. I made more than RM10k for the EPF Compulsory contribution (company salary deduction) in 2023.Hence for the "- Contribution to EPF (voluntary or compulsory) / approved scheme" I would submit RM4k in full for relief. The confusion is on the "- Life insurance premium / Contribution to EPF (voluntary)" . whether can i claim all the RM3k ?? since there is still a balance of RM6k excess Please advise hopefully by 14May..... thanks in advance
@TAUFIQKHAN
@TAUFIQKHAN 19 күн бұрын
if its say "BAKI CUKAI KENA DIBAYAR TAHUN TAKSIRAN 2023 : RM XXX:XX" thats mean i need to pay more? ths is my first time do tax filling
@TheColby988
@TheColby988 15 күн бұрын
How come you didn't touch on "Tax borne by employer"?
@muhammadluqmanhakimroslan1593
@muhammadluqmanhakimroslan1593 Ай бұрын
How about dividen from Public Listed Companies on Bursa Exchange or the US exchange. Do we need to declare them?
@ZietInvests
@ZietInvests Ай бұрын
Hi luqman, i believe dividends from companies listed on Bursa Malaysia are taxed under a single-tier system, which means the dividends paid to you by the companies are not taxed again in your hands. "All dividends distributed by Malaysian resident companies under a single-tier dividend are not taxable." Source: www.sc.com.my/api/documentms/download.ashx?id=d8d52671-5030-498b-8fb9-7eb7afb47df4
@ooioe9784
@ooioe9784 Ай бұрын
Many Thanks for your sharing. For those who are Retired & Unemployed, they should choose Form E-BE as well?
@ZietInvests
@ZietInvests Ай бұрын
Hi there, i believe e-BE should be a suitable form for you if you have other sources of income that needs to be declared - otherwise can always call LHDN to check ya. Have a great day ahead!
@lindc1070
@lindc1070 Ай бұрын
Am not able to complete mine . My spouse is Singaporean and although I chose the Passport option I keep getting the New IC no. Invalid message. Can anyone help me?
@WeissaG
@WeissaG Ай бұрын
Hi Ziet! Could you do a video on how to file income tax as freelancer registered as sole proprietor?🥺
@ZietInvests
@ZietInvests Ай бұрын
Hi weissa, hmmm my sole prop n sdn bhd was actually done with the help of accountant to save myself for the hassle 😆 can try accountants like L&Co if you have some spare cash; otherwise you can also DIY but won’t be as tax efficient/accurate
@WeissaG
@WeissaG Ай бұрын
@@ZietInvests Hey Ziet! thanks for replying! I just got an accountant to help me with it 😆actually feel so glad to have someone to clarify everything
@fuugotiong7950
@fuugotiong7950 22 күн бұрын
Dear Brother Ziet for 8:50 rental income is incorrect. You need to take rental which you collected on last year not simply X12 and minus the interest you paid for housing loan (exclude repayment) and all repair cost with receipt.
@88kenjitan
@88kenjitan Ай бұрын
Hey Ziet, does the Contribution of epf contribution refer to the EPF that most of us pay monthly? which i can get the amount from the EA form right?
@ZietInvests
@ZietInvests Ай бұрын
Correct! And yes, you can find the total annual contribution amount on your EA form when it’s time to do your taxes☺️
@hhyoong1044
@hhyoong1044 Ай бұрын
For financial account in financial institution outside Malaysia, do we have to answer yes for tiger brokers, interactive brokers since they are not registered and not regulated by Malaysian authority? How about wise transfer?
@ZietInvests
@ZietInvests Ай бұрын
hi, I personally answered yes (for IBKR, moomoo). Wise I think technically no need since they are virtual accounts - but never wrong to declare them!
@marxcyberian5765
@marxcyberian5765 Ай бұрын
Hi Ziet Thanks for all these informative videos that you’ve been doing. By the way just want to ask you something. For self employed sole prop under borang B, does LHDN ask for all the record of supplier and customer invoices beside profit and loss statement? Since I dont have a complete record of it will I get a penalty fine and if yes do you know how much? Hope you can enlighten me please Thanks in advance 🙏🏻
@ZietInvests
@ZietInvests Ай бұрын
Hello! When it comes to filing under borang B for self-employed individuals, LHDN typically expects you to maintain a complete record of transactions, including invoices from suppliers and customer invoices, along with your profit and loss statements. If there's a lack of complete records, there might be some risk of penalties, but it can vary. BUT then again, it depends if you're the lucky ones chosen for audit (not everyone will be audited)...but better safe than sorry right XD What I can suggest: try getting your supplier or customer to re-sign the invoice/delivery order, or something of sort - it will be very helpful when you need it in a pinch. Hope this helps!!
@marxcyberian5765
@marxcyberian5765 Ай бұрын
@@ZietInvests Thank you so much for taking the time to explain. Really appreciate it. You rock! 🫡
@selinatee7449
@selinatee7449 Ай бұрын
may i ask on the payment of installment , rental that part . izit can claim house installment?
@ZietInvests
@ZietInvests Ай бұрын
Hi Selina, as far as my knowledge goes, if you're renting out the property, you can deduct expenses related to rental income, such as loan interest, from your taxable income. Do give LHDN or an accountant (can google) a call to double check ya
@sngs9565
@sngs9565 Ай бұрын
Hi Ziet, i) How about being unemployed and using savings to pay monthly donations to Unicef etc, etc. Could we still input my Statutory income as '0" right? ii) Also, in another scenario, if a Business owner (Sdn Bhd) can we still use Borang BE to declare individual income (if any), since we declare our business income using Borang E? iii) How about having Sofi HK (apps) and buying US stock via it, will that be considered as "Financial accounts outside of Malaysia?" How about the Crypto accounts such as Luno (Malaysian-based), or Binance, and Coinbase (both outside of Malaysia)...Should we put a YES? Please advise and thank you for all the hard work that you & your team put in to create such an amazing channel! 🙏
@ZietInvests
@ZietInvests Ай бұрын
Hi! i) yup! if you're unemployed and don't have any income, generally yes, you would report '0' for income. ii) for business owners using a Sdn Bhd structure, you'd typically use Borang E for the company's tax, while personal income from the company (like your salary) would be declared with Borang B (individual with business income). iii) As for investing in US stocks through apps or holding crypto with platforms outside of Malaysia, these could fall under 'Financial accounts outside of Malaysia'. It's always best to be transparent and report these accounts, so checking 'YES' would be the safest option. Hope this helps!
@sngs9565
@sngs9565 Ай бұрын
Thank you, Ziet! You deserve more subs! 🙏😃
@muizdarul_
@muizdarul_ Ай бұрын
hi Ziet. I am still confused, got notification to download the Tax Form from Interactive Brokers. if my country do not require the residents to pay tax and do not issue any TIN, just ignore the Tax Form?
@ZietInvests
@ZietInvests Ай бұрын
hi quiz, thats correct, can just ignore it if you're not from a country that requires you to declare your foreign investment income
@muizdarul_
@muizdarul_ Ай бұрын
@@ZietInvests thanks for the clarification sir, appreciate it much 👍
@MondayMmonster
@MondayMmonster Ай бұрын
Hi Sir, May I know that if the new filer is only doing freelance work, but not exactly a business owner, which form should they fill?
@ZietInvests
@ZietInvests Ай бұрын
Hey there! If you're doing freelance work, you'd typically fill out the BE form, which is for individuals without a business source - you can declare your freelance income under "Other Income." Hope this helps!
@hueyyong1928
@hueyyong1928 18 күн бұрын
​@ZietInvests , 'other income' is the column after statutory income from source of rents in Malaysia ?and do we need to keep any documents for the part time as evidence to IRB?
@jasonxjia84
@jasonxjia84 Ай бұрын
There is no tax for capital gain for foreign, in particular US stocks right?
@ZietInvests
@ZietInvests Ай бұрын
As far as i know, nope 😁 its a grey area
@jasonxjia84
@jasonxjia84 Ай бұрын
@@ZietInvests Thanks for the prompt reply... Grey area! 😄
@ZietInvests
@ZietInvests Ай бұрын
@@jasonxjia84 yeah, there's only tax exemption on foreign investment income - but doesn't clearly cover "capital gains"
@BigFatMambaa
@BigFatMambaa 10 күн бұрын
42k views,
@user-bx5ou5lv7n
@user-bx5ou5lv7n Ай бұрын
For the interest from bank also need to declare ? I thought interest from bank is not taxable in Malaysia
@ZietInvests
@ZietInvests Ай бұрын
Those no need ya, the clause probably refers to those dividends/bond interests
@yewbtang1848
@yewbtang1848 Ай бұрын
I'm not rich but I live a very modest lifestyle. As a result, I have minimal financial commitments. If targeted subsidies are based on net disposable income, I think there's less chance of me receiving the subsidies. I should have opted for a more lavish lifestyle and incurred more debts during the past year! So, isn't it obvious that this basis for targeted subsidies is flawed?
@ZietInvests
@ZietInvests Ай бұрын
Hi yew, you do have a point, the mechanism (while yet to be clearly defined) should also take into account of the taxable earnings bracket like LHDN to be “more fair”? Well…
@SarawakLBB5
@SarawakLBB5 Ай бұрын
Just curious does ACCA or CLP 1) exam fee eligible? 2) course fee eligible?
@ZietInvests
@ZietInvests Ай бұрын
Hi hi, i believe both of these can be claimed as deduction if they are related to your current field of work - but best give LHDN a call just to confirm it ya
@onigiri5239
@onigiri5239 Ай бұрын
hi sorry do you know what to fill in for the section 107d?
@ZietInvests
@ZietInvests Ай бұрын
Hi onigiri, personally, I put in 0. If I'm not mistaken, this section is for those who have received income from being an agent, dealer, or distributor, where the companies have withheld a 2% tax from their earnings. If this applies to you, simply report your gross income for these activities. I hope this makes things more clear!
@onigiri5239
@onigiri5239 Ай бұрын
@@ZietInvests thank you so much Ziet! Your video is a godsend
@wonderland8957
@wonderland8957 Ай бұрын
How about the hotels? Which section should I key in the amount?
@ZietInvests
@ZietInvests Ай бұрын
Hi, as far as I know tourism/travel is no longer claimable for FY 2023 (but please double check yea)
@evelee765
@evelee765 Ай бұрын
Hi, when I log in, the next page appear is pembaharuan sijil. Choose Ya o Tidak What is this means?
@ZietInvests
@ZietInvests Ай бұрын
Hello, i think its asking if you'd like to withdraw a certificate / personally didnt encounter that, if you're not sure whats that can choose Tidak
@keepcalm4444
@keepcalm4444 Ай бұрын
last year i resigned from local company in october23, and join singapore company in nov23 as a freelance accountant (remote from m'sia) and i receive my salary every month as a whole without any deduction from the singapore company, how should i declare it? should i combine the singapore salary with the amount in EA from my local employer? or should declared the singapore salary separately under "Other statutory income from sources outside malaysia received in malaysia"? Thanks
@Zuh3r
@Zuh3r Ай бұрын
Declare separately
@ZietInvests
@ZietInvests Ай бұрын
I think for your income from SG, you can declare it separately under "Other Statutory Income" since it's foreign-sourced (do give LHDN a call to double check ya)
@guoqiang7215
@guoqiang7215 Ай бұрын
I have key in the incorrect gross income amount, and I have submitted the form, can i request to refill the form again ?
@ZietInvests
@ZietInvests Ай бұрын
Can can, just redo the process but choose amend the submitted form
@audreysin7363
@audreysin7363 Ай бұрын
Pls advise can I submit Indah water bill for exemption in my income tax. Thks
@Alex-rv8gw
@Alex-rv8gw 26 күн бұрын
how to submit the receipt for tax relief
@ZietInvests
@ZietInvests 23 күн бұрын
no need to submit receipts ya, just keep it yourself, they might want to audit you sometime in the next 7 years (if you're chosen for audit)
@angela35309
@angela35309 Ай бұрын
does moomoo malaysia consider financial account outside Malaysia?
@ZietInvests
@ZietInvests Ай бұрын
Moomoo MY is a local financial institution under Futu Malaysia Sdn Bhd, so nope!
@syedshiro6209
@syedshiro6209 Ай бұрын
does fresh graduates need filling e filing also?
@ZietInvests
@ZietInvests Ай бұрын
fresh grad or not, as long as you are enrolled under PCB (income tax prepaid) by your employer then yes!
@sy4832
@sy4832 Ай бұрын
what to do if i file my salary wrongly.
@ZietInvests
@ZietInvests Ай бұрын
Hi sy, i believe you can file an amended tax return if you login to the e-filing system. If not mistaken, its: LHDN e-Filing login > e-Borang -> select submitted form > choose Amendment/Kemaskini
@ajeetmishra3007
@ajeetmishra3007 Ай бұрын
Can any one tell me in Malaysia . How many days usually it will take to get refund in bank account. As I have filed on 4/03 . :)
@ZietInvests
@ZietInvests Ай бұрын
Usually about 1 month +-
@ajeetmishra3007
@ajeetmishra3007 Ай бұрын
Thank you :)
@PaulineL.
@PaulineL. Ай бұрын
Hello, you make YT videos, monetized them and get paid by Adsense. Where in the form do you enter the amount?
@ZietInvests
@ZietInvests Ай бұрын
Hi Pauline, i file them separately under my Sdn Bhd revenue this year. Previously i do it under sole proprietor Borang B - business income. If you dont have either of those, you can do under Other Income (Dan lain lain) under your employment income
@PaulineL.
@PaulineL. Ай бұрын
@@ZietInvests Noted with thanks.
@_slier
@_slier 28 күн бұрын
thats why i dont pay tax.. sheet so confusing
@ZietInvests
@ZietInvests 23 күн бұрын
🤣🤣🤣
@ZietInvests
@ZietInvests Ай бұрын
Have you filed your income tax?👀
@taufiqmahari212
@taufiqmahari212 Ай бұрын
You kidding me? I found this vid 2 days after I filed haha. Its ok. A lot I can improve for next year. Thanks Ziet. Love you content.
@ZietInvests
@ZietInvests Ай бұрын
@@taufiqmahari212 aiya xD my apologies, we've been trying to rush this video out as soon as possible but things came in between our way
@summerbreeze5115
@summerbreeze5115 Ай бұрын
Does IBKR support account dormancy if you don't invest for 10-15yrs?
@ZietInvests
@ZietInvests Ай бұрын
Hey there! Yep, IBKR does allow for account inactivity over long periods, do check their website or reach out to their customer support to confirm this!
@summerbreeze5115
@summerbreeze5115 Ай бұрын
@@ZietInvests thank you so much
@Everydaykaen
@Everydaykaen Ай бұрын
Have you guys received already tax refund? 😅
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