Mini Budget 2009

You can refer to hyperlink below regarding the mini budget 2009:-

http://www.hasil.gov.my/cP/upload/Budget/minibudget09.htm

Tax Reliefs

Just in case you are not aware of what relief you are entitle to, you can check it out here:-

1. Self relief - RM8,000 (Everyone will be entitled to this automatically);



2. Medical expenses - RM5,000 (include RM500 max for medical exambination);



3. Wife/husband relief - RM3,000 (combine assessment);



4. Child relief - RM1,000 per child (below 18); RM5,000 (Disable child);RM4,000 (above 18 and studying in colleges and universities);



5. Life insurance + EPF - RM6,000 max;



6. Medical & Education insurance - RM3,000 (max);



7. Fees for acquiring technical, vocational, industrial, scientific, technological,law,accounting,islamic,financing,skills at tertiary level or post graduate level - RM5,000 (max);



8. Purchase of books (excluding newspaper or banned publication) - RM1,000



9. Purchase of sports equipment - RM300.

Some useful links

Here are some useful links:-

1. Inland Revenue Board web site: http://www.hasil.gov.my/
2. E-filing site: https://e.hasil.gov.my/
3. The government web portal: http://www.gov.my/MyGov
4. Ministry of Education: http://www.emoe.gov.my/ (KPLI is now open for application!)
5. To get all the income tax forms: http://www.hasil.gov.my/english/eng_NO5_1.asp
6. To get all the Public Rulings: http://www.hasil.gov.my/english/eng_NO4_5_2.asp

Class of 6C

An old friend forwarded this "those were the days" photo to me... can spot which one is me? :)

E-Filing for Income Tax?

You may wanna try out the E-filing system of Income Tax Form, just get your pin number from the IRB and log on to e.hasil.gov.my. Is it reliable? personally i think u can giv it a try but don't wait until the last week of the filing due date to avoid the traffic. I have tried it out last year and got my refund this year without sending any letter asking for a refund. So i guess the new E-filing system works anyway... (at least for my case)

Due Date for submitting Income Tax Form

Just in case you are not sure about when is the due date to submit your income tax form, you can check it here:-

1. If you received a Form B (and you have your own business) due date is 30 Jun 2009;


2. If you received a Form B (Do not have a business) due date is 30 April 2009;


3. If you received a Borang BE, due date is 30 April 2009;


4. If you are a non tax resident and filing a Form M (with business), due date is 30 June 2009;


5. Form M (Do not have a business), due date in 30 April 2009.

So watch out for these date!

For Tax Agent, please do not download the forms from IRB's website for submission!