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  • Assignment

    Transféré par

    kannadhass
    216 vues5 pages
    Here are the answers to the questions: 1. LHDN stands for Lembaga Hasil Dalam Negeri. LHDNM refers to Lembaga Hasil Dalam Negeri Malaysia. LHDN/LHDNM is the government agency responsible for tax administration and collection in Malaysia. The key roles of LHDNM include: - Administering and enforcing tax laws such as the Income Tax Act 1967. - Processing tax returns and ensuring taxes are paid on time. - Conducting tax audits and investigations. - Providing tax advisory services to taxpayers. - Educating taxpayers on their tax obligations and responsibilities. 2. A tax advisor or

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    assignemnt tax

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    Here are the answers to the questions: 1. LHDN stands for Lembaga Hasil Dalam Negeri. LHDNM refers to Lembaga Hasil Dalam Negeri Malaysia. LHDN/LHDNM is the government agency responsible for tax administration and collection in Malaysia. The key roles of LHDNM include: - Administering and enforcing tax laws such as the Income Tax Act 1967. - Processing tax returns and ensuring taxes are paid on time. - Conducting tax audits and investigations. - Providing tax advisory services to taxpayers. - Educating taxpayers on their tax obligations and responsibilities. 2. A tax advisor or

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    216 vues5 pages

    Assignment

    Transféré par

    kannadhass
    Here are the answers to the questions: 1. LHDN stands for Lembaga Hasil Dalam Negeri. LHDNM refers to Lembaga Hasil Dalam Negeri Malaysia. LHDN/LHDNM is the government agency responsible for tax administration and collection in Malaysia. The key roles of LHDNM include: - Administering and enforcing tax laws such as the Income Tax Act 1967. - Processing tax returns and ensuring taxes are paid on time. - Conducting tax audits and investigations. - Providing tax advisory services to taxpayers. - Educating taxpayers on their tax obligations and responsibilities. 2. A tax advisor or

    Droits d'auteur :

    © All Rights Reserved
    Téléchargez comme DOCX, PDF, TXT ou lisez en ligne sur Scribd
    Signaler comme contenu inapproprié
    sur 5

    QUIZ 1

    Miss Tina, who is single, works with a multinational company in Kuala Lumpur since
    January 2005. She provides the following information for the purposes of submitting her
    tax returns for the year of assessment 2014:
    1. Gross salary of RM15,000 per month.
    2. Monthly entertainment allowances of RM500 and RM9,500 were incurred for
    official purposes.
    3. A semi-furnished house with air-conditioner, which is shared with another
    employee of the company, was provided. The defined value of the house
    (excluding the furnishing) is RM1,500 per month. Tina is required to pay
    RM250 as monthly rental to her employer.
    4. A new car costing RM130,000 and unlimited fuel was also provided. She used
    the car until 30 June 2014. Effective from 1 July 2014, she decided to opt for
    fixed travelling allowance of RM600 per month.
    5. The employer also provided her with a hand phone. Total telephone bills for
    the year 2014 (which is under the employers name) paid by the company
    amounted to RM3,600.
    6. A corporate membership with the Kuala Lumpur Golf Club was paid by the
    employer and it consist an entrance fee of RM3,000 and monthly subscription
    of RM200.
    7. The employer paid two leave passages to Indonesia and Thailand costing
    RM3,800 and RM3,500 respectively. In addition, the company also paid her
    leave passage to Pulau Perhentian costing RM700.
    8. In December 2014, she made a withdrawal from an unapproved fund of
    RM50,000. 80% of the amount withdrawn is from her contribution.
    9. Medical expense of RM900 was paid by the company in 2014.
    Required:
    Compute the statutory income from employment of Miss Tina for the year of
    assessment 2014.

    Miss Tina
    Computation of statutory employment income for the year of assessment 2014

    S13(1)(a)

    S13(1)(b)

    S13(1)(c)

    S13(1)(d)

    Less

    Salary 15,000 x 12
    Entertainment allowance (500 x 12)
    Travelling allowance (600 x 6)
    Furniture (1,680 / 2)
    Car (5,000 / 2)
    Petrol (1,500 / 2)
    Handphone and bill (exempt)
    Golf Club- entrance fee (exempt)
    Golf Club subscription fees (200 x12)
    Overseas trip Overseas
    Local trip - exempt
    Medical expenses - exempt
    Unfurnished accommodation
    30% of S13(1)(a) 189,600
    Defined value 1,500 x 12 = 18,000/2
    The lower
    Withdrawal from unapproved contribution for
    employers portion 20% x RM50,000
    Gross income /
    Entertainment expenses
    Rental paid (250 x 12) x Assessible Value
    under 13(1)(c)
    DV of Furnished house
    3,000 x 9,000 = 3,000 x 9,000
    (18,000 + 1680)
    Statutory Income from employment /

    RM
    180,000 /
    6,000 /
    3,600 /
    840 /
    2,500 /
    750 /
    /
    nil /
    2,400 /
    4,300 /
    nil /
    nil /
    56,880 /
    9,000 /
    /
    /

    RM
    189,600

    10,790

    9,000
    10,000

    /
    //

    219,390
    (6,000)
    (2,744)

    210,646

    QUIZ 2
    Complete BE 2015 .
    You may use your own relevant information.

    ASSIGNMENT 1

    Instructions:
    Answer ALL questions.
    1. What is LHDN and what are the roles of LHDNM?
    2. Who is tax advisor/ tax agent and what are the roles of tax advisor?
    ASSIGNMENT 2

    Instructions:
    Answer ALL questions.
    1. Discuss five (5) type of assessment which can be raised on tax payers.
    2. Outline five (5) responsibility of business owner/ taxpayers under section 82 of
    ITA 1967.
    3. List the deadline for the submission of the following forms:
    a. Form B
    b. Form BE
    c. Form C
    d. Form P

    ASSIGNMENT 3

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