一个大马,两种所得税收费制度
Below is the Scenario For Taxable Income in Malaysia
When non Malays do their religious obligations-- that is NOT tax deductable unless the Church or temple has applied and obtained the approval for tax exemption. which normally is 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 Year 2009 for company.) Whereas zakat qualifies for 100% and is deducted from the tax liability.
Example.
Ah Chong Donate 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 tax relief for individual 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 same amount, needs to pay tax RM7,125
Yet, Ahmad - is entitle to a tax refund of RM1,195.
He is also deem a dutiful tax payer and honours his religious obligation.
How do like this ????
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 d eductible from NETT tax) and give to State Religious bodies (not Govt or Income Tax Dept) |