By far this is the best video explaining "how to file your income tax" ...great job, man.
@vercy892 жыл бұрын
This is a simple, clear and the most useful video if you want to file the income tax 2022 assessment. Thank you!!!
@waihanlim66992 жыл бұрын
Thank you so much for sharing the way to fill out the LHDNM's e-Filing! Clear and easy to understand, save me a lot of time!
@sereneboon48902 жыл бұрын
thank you so much. after so many years of working . this is the FIRST TIME i did it right.
@weiwonderr3952 жыл бұрын
9:30 Income rental incorrect info! Rental income is calculated on a net basis, which means the final rental earnings amount is derived after deducting the permitted incurred expenses.
@edisonngng2 жыл бұрын
Thanks for this video! It's really helpful for me as a fresh graduate and have no idea about filling income tax 😄
@sitiqamariahkamaruddin55952 жыл бұрын
After saw your video, directly i fill in the e-filling and submit. Thanks for the clear explanation
@ewoceanmy2 жыл бұрын
Confused about the "Tax borne by employer" bit. What do we put for it?
@ngunyi1017 ай бұрын
it will be indicated near the top of your EA form. its almost always "No"
@TheOrable5135 Жыл бұрын
Very informative vid👍🏼Next stop: how I wish all our utility bills, petrol and parking we paid can be filed under lifestyle charges as well, since those contribute to spending on one's improvement on living. I just don't understand y only gadgets, telco and gym are under lifestyle claims. Hopefully MOF can have LHDN allow for rakyat to claim from bills, I guess we will hv more savings 😁😁
@syahmiyusoff932 жыл бұрын
Very useful... i loved this.. keep up the good work!! Kudos!!
@loyc80992 жыл бұрын
Thanks for the vid. One question if your mortgage is higher than the rent you received, do u still need to fill in the full amount of rent?
@amirabear46477 ай бұрын
VERYYY helpful. Thank you so much for the video
@AlwiBatarilan Жыл бұрын
Great Video. Do you have a guide for filing income tax as a malaysian living and working overseas say like working, earning and living in thailand?
@keri3282 жыл бұрын
Very very informative for first timer! Thanks
@danielcf27612 жыл бұрын
Hi Mr Money, really good video! I have a query , let's say we have not opened a file for LHDN yet, does this mean that once we register our business we have to open our tax file (for sole proprietorship/partnership) or should we wait until the income earned from the business is considered taxable?
@fakhrulnawawi96812 жыл бұрын
This is crystal clear.. Thanks
@938412092 жыл бұрын
Thanks for this video! It’s really helpful.
@MAry96lim2 жыл бұрын
this video is super helpful! thanks!!
@vineshrajoo28052 жыл бұрын
Thanks for this step by step video.
@lebbylebleb11742 жыл бұрын
Hi, want to ask. How about parents care/living expenses of rm1500 each? Falls under which category?
@ccaircond Жыл бұрын
Just watched it, amazing video. Hope there is an eB version for self employed
@ejkiew6989 Жыл бұрын
thanks for prepared this guide. it is helpful.
@PoppyJazzz2 жыл бұрын
Thank you! This was super helpful
@loop1332 жыл бұрын
every year for the past 11 years l had to find for these kind of video tutorials.. why l can't remember? sigh~~
@coolzn2 жыл бұрын
It would be great if you could dive in more on the 2500+2500 tech gadget relief and rental income. If I bought a RM4500 worth of gadget under the same receipt, can I combine the 2 categories to add up to the amount I spent? Also as a landlord, what are the things that are deductible from my rental income? I.e., fixing AC, cukai pintu, cukai petak, agent fee, etc.
@michellekhor12042 жыл бұрын
Thanks for sharing, this such a kind video. By the way, if we do online banking to pay the excess tax, which code have to use? 084? then follow by 99?
@nabilanazri4812 жыл бұрын
bear in mind that he only explained for BE which is personal tax. There is one more which is B for those who have business. Its a bit tricky.
@khucaix2 жыл бұрын
Great vid, thank you!
@pssc74242 жыл бұрын
Is mobile postpaid consider as Internet subscription?
@tonyteh6 ай бұрын
why most videos like this do not explain about the "tax borne by employer" part?
@kahwaichong-4166 ай бұрын
PRODUCTIVE ALLOWANCE IS INCLUDE IN STATUTORY INCOME ?
@elizabetheu17242 жыл бұрын
Very helpful, thank you!
@mohmedishak88532 жыл бұрын
I'm confused. How precisely I should write my income? And should I keep all receipts?
@noorazmiyasirajunnoor80142 жыл бұрын
I'm looking at this too
@mohmedishak88532 жыл бұрын
@@noorazmiyasirajunnoor8014 Nice
@shanjit8 Жыл бұрын
For example like internet bill, do we need to keep the whole 12 months or just one month sufficient?
@selvinaselvi-ul9mn5 ай бұрын
Keep receipt for how many months? Is that for 3 mths or for a example bil of insurance how to keep the receipt is that supposed be all the mths?
@RayMak2 жыл бұрын
So clear and useful! Thank you!!!
@InvulnerableLeo Жыл бұрын
Just would like to confirm the tax relief of internet such as Unifi, we just key in the monthly payment of the subscription? Or we can actually claim for 1 year? example internet is 100 per month, then 100*1year(12months) = 1200MYR per year. the claim is for 100 or 1200?🤔
@georgegeorge7517 Жыл бұрын
thanks, very informative.
@firdauskargo2 жыл бұрын
Yang tempoh isi cukai lhdn yg dibuka skrg ni adalah pengistiharaan cukai bg tahun cukai 2021 kan??
@ebrastudios30507 ай бұрын
How to know how much should be the tax return?
@mohammadazmi51022 жыл бұрын
hi bro How to know how much income tax you need to pay for you company(SSM license) ? Do they have some amount showed every year ?
@JeeKhin2 жыл бұрын
If I have a Tiger Brokers account, does that counts as having a financial account at a financial institution outside Malaysia? Because you mentioned Trading Account
@MrMoneyTV2 жыл бұрын
Yes it includes as a foreign account
@JeeKhin2 жыл бұрын
@@MrMoneyTV thank you so much! 😊
@shivaaniithevaraju6230 Жыл бұрын
Hi..I just wanted to ask if we buy new television can claim at income tax ah
@leilamohajer26952 жыл бұрын
Hi. Thanks for this wonderful video. Helped me a lot. Can you also tell me if the numbers on 'monthly tax deduction' and 'self installment' will appear automatically or do we need to key in based on the EC form the employer has provided us with? Thanks a lot.
@kishorea9051 Жыл бұрын
Hello, During the year 2022, I undergone a MRI scan for ankle injury - is the expense applicable for tax relief ? I also bought a supporting leg for the recovery --> are these applicable for tax relief?
@gsreads11 ай бұрын
Yes under medical expenses. Just log into the portal and try buddy.
@fitzeralifestyle52937 ай бұрын
hey bro can you do one for 2024, the system and website has changed a bit..
@karenwong7180 Жыл бұрын
Thank. Btw can share how a Grab driver file e-filling?
@lokeshbabumullangi9116 Жыл бұрын
I have done some mistakes in tax filing and i would like to do BE amendment now for 2023, how to do amendment, can please help me
@abcicekacangklterbaik Жыл бұрын
Hi, thank you for the video. I am working as a freelancer for a foreign company outside of Malaysia. The company pays me in ringgit and direct transfer to my bank in Malaysia. Do I need to file for income tax?
@nycmy52272 жыл бұрын
do we need to file income tax in malaysia if i am working in Singapore?
@lucasyap49317 ай бұрын
i cant seem to log in....when i try to create it states that i already have an existing account
@NajlaaRaihana2 жыл бұрын
this is helpful. thank you
@edwardphang37862 жыл бұрын
Hi , what is the angel investor tax? can it be skip by leaving it empty if i didnt involve in that?
@travelokyle Жыл бұрын
Hi. Can you also do a step by step process for Expats?
@ahmadismailbasri45372 жыл бұрын
Love it!
@lulalula26262 жыл бұрын
Thank you for this super helpful video! Really helped me with my tax filing as a first timer :)
@chrislim8272 жыл бұрын
Hi, tax exemption (retirement gratuity) no need to fill in the amount as Income right?
@cacab2 жыл бұрын
Helpful thanks
@babecolour2 жыл бұрын
Hello! I change my job last year so i fill up by combine two of the EA form. But my balance payable is 0.00 even though i try to change all to max. Isit normal or
@jonathandavid23852 жыл бұрын
Hi bro, the video was so helpful. Thanks. May I know the closing date for this exercise?
@NajlaaRaihana2 жыл бұрын
usually for those individual tax without business is on 30th april every year. but for more detail can check lhdn website
@loubloom83702 жыл бұрын
2:41 what about if got etoro account? Should we put YES ?
@rickdee8882 жыл бұрын
If I purchase laptop cost me RM4000. Can I put RM2500 in one column and the rest of RM1500 in another column?
@maslinassafie85972 жыл бұрын
Is profit received from Cash Trust taxable?
@kimaiklow64857 ай бұрын
May I know KWSP is refer to…?
@jackmania07 Жыл бұрын
SSPN record which section?
@thedeaddeadman2 жыл бұрын
Thank you for the info...
@MrKokbin2 жыл бұрын
There are expenses that allowed a deduction on Rental income right?
@glee29802 жыл бұрын
Statutory Income from Employment is that amount after tax or before tax ??
@visualizestudios842 жыл бұрын
The rental only if you are making a profit else no need.
@Quahboonl2 жыл бұрын
If I work in Singapore but I have rent out my house in Malaysia.will I be taxable?
@MrMoneyTV2 жыл бұрын
Technically yes
@Quahboonl2 жыл бұрын
I need to summit BE form without salary income, right? Thanks
@renzamd26237 ай бұрын
Statutory without odd amout is that okay?
@xunx32342 жыл бұрын
what are the age that need to start tax filing?Malaysia
@mtmanytoysreviews71082 жыл бұрын
so meaning the balance RM 635.62 our side need to pay ?
@ecashmarketing2 жыл бұрын
How do I file lost of job compensation? It is fully exempted.
@Charmainepx2 жыл бұрын
Hi May I know why I can't put RM0 in [ Approved investment under angel investor tax incentive]? I am not doing any relevant investment ..
@OYG4562 жыл бұрын
Just leave it blank if not relevant. Unless the system requires u to key in at least a number.
@Jason-ru7xt2 жыл бұрын
Regarding the foreign bank account, if I have CIMB SG bank account, do I need to declare it ?
@thewayoflaw63733 ай бұрын
Thank you
@mahesletchumanan51432 жыл бұрын
Thank you so much or the video. Does a retiree with only dividend income of RM48k, ( and no other income) need to file Tax returns ? Pls advise ..🙏🙏
@MrMoneyTV2 жыл бұрын
Yes. File but u won’t need to pay. Cz dividend income already taxed
@RathinaVelJ2 жыл бұрын
Decimal value is not accepted in income field?
@thedeaddeadman2 жыл бұрын
By the way, does mobile phone service provider subscription is considered as internet subscription?
@loubloom83702 жыл бұрын
I want to know this as well
@thedeaddeadman2 жыл бұрын
@@loubloom8370 Unfortunately no one has replied
@anthonywong98102 жыл бұрын
No offense but more than 90% of Malaysians have side business as reported. I hope you can break down individual with side gig's going on. Me myself have 3 side gigs going on while working for an employer and I NEVER pay my income tax. Maybe you shud teach us, you know, roadside stalls, online businesses or even weekend cookers for delivery(etc : bakers, snacks sellers or even usb c part time seller? Xkan they dun never thought of this problem?
@itsjustme6842 жыл бұрын
ikr
@mushrifsaidin2 жыл бұрын
The problem you highlighted is kinda unique as LHDN can't really do anything about it. They say you have to declare and pay tax but there's no black and white on the issue. They cant enforce you to pay tax as there's no law overseeing the gig economy, it is mostly unregulated on an individual level (unlike working as an employee at a company which your identity had already been registered under the Ministry of Human Resource). They can however do an audit on a case by case basis (resource intensive decision btw) and scrutinize your overall finances to make you pay tax but on a national scale, this is mostly impractical. Which is why they always go for the big fishes (those Datuks and Tan Sris with biliuns to play with). Of course, as a law abiding citizen you can always declare your side gig income and pay the tax man as an act of patriotism lol. Tl;dr there's a loophole, enjoy it while it lasts
@azrinhazli7142 жыл бұрын
dah sebulan submit.. still dlm semakan. Haritu dah call depa resetkan buat balik sama je.. sebulan lebih dah tunggu. aku nak byar je pon. knp susah sgt
@fatimaaisya43852 жыл бұрын
Wait- you have to file taxes?
@UncleBobIsAngry2 жыл бұрын
How do we upload book receipts, internet bill and covid receipts in the system as evidence?
@NajlaaRaihana2 жыл бұрын
unfortunately we can just keep it to ourselves and if u r “lucky” enough lhdn will ask for audit and thats when you supposed to present them all the proof and receipts physically
@yahiajahra74792 жыл бұрын
Thanks
@tracywong3454 Жыл бұрын
Do KZbinrs in Malaysia need to pay income tax?
@mfoahiarmuasd22852 жыл бұрын
Thn ni berapa bulan bonus kakitangan LHDN?
@angelojoez2 жыл бұрын
Ssm tax filing Boleh ka boss for our extra Knowledge.
@AKILASANKA2 жыл бұрын
Are there any tax refund?
@armanagquiz8383 Жыл бұрын
Because I use m instead of be
@Bloodywankas2 жыл бұрын
tq
@armanagquiz8383 Жыл бұрын
Can I ask if m is ok in e filling
@ahwai96062 жыл бұрын
KZbin income need to declare?
@MrMoneyTV2 жыл бұрын
Yes
@johnkennypaler35102 жыл бұрын
Hi all, can anyone confirm if we can claim tax relief from purchases in Shopee/lazada.. sadly the specific store does not provide any official receipts.. TIA..
@NajlaaRaihana2 жыл бұрын
i have been audited and i used the completed purchase as proof. its acceptable
@OYG4562 жыл бұрын
If you really want the receipts, try contacting the seller. They should be happy to help. I have got my receipts for buying phones online.
@JuliusAu-ff4ip6 ай бұрын
What is my MTC?
@princepsionic2 жыл бұрын
Save room receipt in terms of paper? You know the ink on the receipt will go fade over time right? Such ancient method 😅 Government seriously need to think of better ways
@cschoe86287 ай бұрын
MTD ???
@Moshia714 Жыл бұрын
i have 40k 2021 and 2022 still no refund back and no taxer ever call me....