Thursday, April 30, 2009
Thursday, April 23, 2009
Wednesday, April 15, 2009
To start, pick a date. Create a cost saving suggestions program among your employees. Make it a compulsory for all employees to participate. Better if everyone of your staff must come up with at least 5 practical cost saving ideas. Make the program fun and more meaningful by rewarding employees with the best and most practical cost saving suggestions. Or reward employee with the most cost saving ideas. The rewards can be in the form of monetary value or other incentives. Encourage employees to suggest as many ideas as possible. Remember to give employee enough time for them to come out with effective and practical suggestions.
From this program, company will have hundreds or thousands of fresh, useful and practical cost saving ideas from their own employees. For the employees, by participating, they are practicing accidental learning on the importance of cost saving ideas for the company. As an employee, it's great to know that their idea does matter and can help the company to move forward. And not forgetting, they will have opportunity to grab the cash incentive too.
Make sure that the company will take action and practise the useful cost saving ideas. After all, great ideas are meaningless if not been practised.
Monday, April 13, 2009
1) Fast and Convenient
2) Environmental Friendly
3) Simpler and Easier
4) More Efficiency
5) Faster Tax Refund
Disadvantages of e-Filing:
1) Must be IT-Literate
2) Access to Internet
3) System Down
4) Forgot Your Password
Overall, I see more advantages in e-filing. If you still have problem with e-filing, the last solution is to bring along all your details to IRB @ LHDN e-filing centre. But, make sure you go weeks before the due date (30 Apr). Usually, the IRB @ LHDN office is very very packed and busy during the last few days of April.
Any points I missed out? Do share with me.
Thursday, April 9, 2009
1) The staff are really helpful and friendly. Always with a smile on their face
The officer even showed me how to log in, including the first few steps when log in for e-Filing. The officer told me, by next week, their e-Filing centre will be open till 8pm.
Overall, I am impressed with their working attitude. It's great to see the effort by IRB @ LHDN to enhance and smoothen the process of income tax filing. At least the public will find it convenient to submit their income tax.
I hope IRB @ LHDN will do some 'advertisement' on local newspapers, radio, tv or Internet, to inform the public that they have such a good e-Filing service. Because I believe most of us will not know IRB @ LHDN is providing such a helpful and friendly service. If I didn't visit IRB @ LHDN office today, I will not know it's so convenient and easy to submit income tax at IRB @ LHDN office.
Monday, April 6, 2009
Thursday, April 2, 2009
I got the answer after I went to the local IRB office. The IRB officer said that 'By right, we all must file our income tax despite of the income level'. No such thing such as you only file your income tax when your salary reach RM2500 per month. Also, I got more information from IRB website and The Malaysian Government's Official Portal. The details below which extracted from The Malaysian Government's Official Portal is clear enough to explain whether you need to file your income tax or not.
All individuals are liable to pay tax on income accrued in, derived from or remitted to Malaysia. Sources of income which can be taxed includes gains and profits from trade, profession and business, salaries, remunerations, gains and profits from an employment, dividends, interests or discounts, rents, royalties or premiums, pensions, annuities or other periodic payments and other gains or profits of an income nature not mentioned above.
Taxable income is arrived at after adjusting for expenses incurred wholly and exclusively in the production of the income. The rate of tax depends on the resident status of the individual which is determined by the duration of his stay in the country (as stipulated under Section 7 in the Income Tax Act 1967). A resident individual is taxed on his chargeable income at graduated rates from 2% to 30% after the deduction of tax relief.
However, an individual with chargeable income of less than RM2,500 is not taxed. The chargeable income of an individual resident is arrived at by deducting from his or her total income the personal relief. Tax liability of a resident individual is reduced by rebates. Income tax matters in Malaysia are under the jurisdiction of Inland Revenue Board of Malaysia.
So if you are a Malaysian, staying in Malaysia and have income, you are liable to file your income tax.