MALAYSIANS ( CHINESE & INDIANS ) WHAT HAS BECOME OF YOU ???? BEING TAKEN FOR A RIDE UNASHAMEDLY BY YOUR GOVT.WHO DO NOT SEEM TO HAVE AN OUNCE OF INTEGRITY. WHAT A SORRY STATE OF AFFAIRS - MIGHT AS WELL BE RULED BY THE TYRANT MUGABE.
M'sia tax deduction methods - Fair?
When non-Malays do their religious obligations, it is NOT tax deductable unless the Church or temple has applied and obtained the approval for tax exemption, which is normally very stringent and seldom approved..
Even if approved the donation is restricted to 7% of your aggregate income.
(This has been revised to 10% from YA 2009 for company.)
Whereas zakat qualifies for 100% and is deducted from the tax liability.
Example.
Ah Chong donate to temple : RM10,000.
His Annual income : RM100,000.
Tax Relief : RM 23,000 (For Individual) + RM 7,000 (For Donation)
Chargeable income : RM70,000
Tax payable : RM7,125
Ahmad - same income and relief
Chargeable income : (RM100,000 – RM23,000) = RM77,000
Tax payable : (Rm7125 + 1680) = RM8,805
Less zakat : RM 10,000
Tax refundable : RM (1,195)
Ah Chong has the same annual income & donated the same amount, but he still needs to pay tax of RM7,125
Yet, Ahmad is entitled to a tax refund of RM1,195.
He is also deemed a dutiful tax payer and honou his religious obligations.
How do you like that?
THIS IS CRUDE BUT STRAIGHT TO THE POINT !
Do you know that 90% (ninety percent) of the people paying income taxes in Malaysia
are the non-Malays?
Yes, you are one of them.
Malays who are taxable usually prefer to contribute to Zakat (tax deductible
from NETT tax) and give to State Religious bodies (not Govt or Income Tax Dept)
PAY YOUR TAXES DUDE, SO THAT THE MALAYS CAN ENJOY THEIR LIVES AND CALL YOU PENDATANGS !
State of the Word 2024 Video + Recap
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Did you miss the State of the Word 2024 livestream? Watch the entire event,
including keynote speeches, guest panels, and Q&A session with this video
recap.
22 hours ago