Wednesday, January 04, 2012

Unfair Tax Deduction in Malaysia

"Our lives begin to end, the day we become silent about things that matter"
Dr. Martin Luther King Jr.
A person who risks nothing does nothing, has nothing, and is nothing. Only a person who risks is free.


MALAYSIANS ( CHINESE & INDIANS )
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 restriced 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)
Chargable 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 honours his religious obligations.

How do you like that?

THIS IS CRUDE BUT STRAIGHT TO THE POINT !

Do you know that 90% 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 n CALL YOU PENDATANGS !

13th GE is our last chance for CHANGE
If you don't protect your future generation, your children or grand-children may spit on your grave!

As Patrick Teoh exclaims, "Niamah!!!"

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