Wednesday, January 15, 2014

For Employee... No need submit Form BE2014 in year 2015 ONLY IF.....

Are you EMPLOYEE?

This may be applicable for you. Good news in Budget 2014, that BE Form for year 2014 no need to be submitted by 30 April 2015.

No more over payment of tax.
No more rushing last minute filing and no more penalty for late filing.

Are you SURE?

Be careful....The exemption is conditional.

Condition 1
You don't have other source of income, i.e. no rental income, no business income.

Condition 2
You don't have spouse join assessment with you. (could be irrelevant for most dual-income family)

Condition 3
You MAJIKAN did the right PCB deduction adjustment in final month PCB.

Condition 4
You must be employed by the same MAJIKAN for 12 months

Source:-
http://www.hasil.gov.my/pdf/pdfam/APPENDICES_2014.pdf

Reference:-

http://www.hasil.gov.my/pdf/pdfam/Monthly_Tax_Deduction_as_Final_Tax_Seminar.pdf