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Thread: How To Pay Tax If We Are Fulltime Blogger? I Wanna Borrow Loa*n To Buy Car And House!

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    How To Pay Tax If We Are Fulltime Blogger? I Wanna Borrow Loa*n To Buy Car And House!

    All bros in WMM, as you read from the title, how to get pay tax to let me entitle of loan, coz I dont want to get check by government later on. Any way to say?

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    Just pay the tax and legalize your earning. If you can earn so much, few K is not an issue.

    No way, if the asset is under your name. Unless you put others name but then, the asset is not own by you under the law.

    Many Malaysian doesn't really know how IncomeTax dept works. Most ppl thought that they will investigate you. In fact, they don't. Where got so many investigators or inspectors around? Their job is very simple. If they found that you buy an asset and your income cannot be justified, they simply ask you to proof why you are not guilty (They practise China's law: You are assume guilty once they open a file for you). So you need to provide all the evidences to proof yourself not guilty (bank a/c, will, invoice, statement etc). Else fine min 3X to max 20X of the tax money plus 3 years jail.

    Good luck

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    Very simple, fill up Borang B as you are doing your own business.

    Quote Originally Posted by louiss View Post
    All bros in WMM, as you read from the title, how to get pay tax to let me entitle of loan, coz I dont want to get check by government later on. Any way to say?

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    Really? I want to owe my own car. not with other people name.

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    1) Go to register a company (sdn bhd)
    2) Open a company bank a/c
    3) Use it to receive your revenue from the net
    4) Tell the bank that your are the boss/owner of the company. Show them your company bank statement (at least 3 months) and company registration details if needed.

    Quote Originally Posted by louiss View Post
    Really? I want to owe my own car. not with other people name.
    Last edited by happydog; 03-05-2008 at 01:22 AM.

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    Quote Originally Posted by louiss View Post
    Really? I want to owe my own car. not with other people name.
    no point asking here .... get yourself a tax / account expert to sort out 4 u loh...

    but the simplest part is form a soleprop cpy and get all your earned money into that company... so all income is become taxable....

    you buy cars using that cpy $$$... and write that as expenses to the company and start claiming your transportation fees, car maintenance fees, entertaiment fee, utility bills fees to the cpy... if your parent or siblings are not working even better coz u can just issue them a yearly 8K cash bonus each so that i cut short on the tax....

    btw.. i'm not expert in this, i would suggest you to get urself a proper account/tax consultant to sort it out for you loh.... don't be so stingi okiee... earn 100++K per year cannot affort to pay a few K for a consultant mehh.....

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    Quote Originally Posted by louiss View Post
    All bros in WMM, as you read from the title, how to get pay tax to let me entitle of loan, coz I dont want to get check by government later on. Any way to say?
    lol... people run away from tax. you dump your self in tax...

    as iamfreelancer said, open a company, buy car under your company name, issue salary for your self, all your expenses claim under company.

    So each your your company make loss every month, no earning, so no need to pay tax....
    I blog IT Engineer LIFE at iCalvyn.com

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    Show no earning how to buy car then?

    Quote Originally Posted by calvynlee View Post
    lol... people run away from tax. you dump your self in tax...

    as iamfreelancer said, open a company, buy car under your company name, issue salary for your self, all your expenses claim under company.

    So each your your company make loss every month, no earning, so no need to pay tax....

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    Quote Originally Posted by happydog View Post
    Show no earning how to buy car then?
    he meant is use the earning(aka income) to buy car ...
    anyway... car will still be considered fixed aset not 100% expenses.. but the yearly depreciation, petrol, parking, tol, insurance, roadtax, etc can be treated as cpy expenses...

    it just lessen the tax... its a citizen duty to pay tax.... but don't pay too much onli loh...

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    Hello,

    This is what you should do.

    1. Open up an enterprise or Sdn Bhd
    2. Set the company right
    3. Declare ALL your income. give them proof of earning and proof of expenses.
    4. Since you are SELF-EMPLOYED (Bloggers) your form should be different than employed person.
    5. Google adsense IS NOT YOUR SALARY.
    6. Make income statement, balance sheet and distribution of income (if you have partner)

    What you need to submit the tax application.

    1. Your Borang Tax (forgot which one but for SELF-EMPLOYED)
    2. Your business license
    3. Your partnership list (EVEN YOU ARE ALONE)
    4. Income statement
    5. Balance sheet.

    Thank you,
    Fivio.com | Customize Solutions
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    ytd i meet a banker, asking about this issue, and they advice to use the banking facility.

    According to the banker, they do provide this kind of consultancy... probably you can look for 1
    I blog IT Engineer LIFE at iCalvyn.com

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    Quote Originally Posted by calvynlee View Post
    ytd i meet a banker, asking about this issue, and they advice to use the banking facility.
    what kinda banking facility they are referring to??

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    Hello,

    Just go to Tax consultant firm (audit firm also can) for tax consultantion. The rate are cheaper than bank.

    Thank you,
    Fivio.com | Customize Solutions
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    Quote Originally Posted by iamfreelancer View Post
    what kinda banking facility they are referring to??
    the facility such as bank company bank account, cheque book, and other tools that need for a business. Not really sure the detail :P
    I blog IT Engineer LIFE at iCalvyn.com

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    Wow.. unexpected that this thread can give me so many information. As you all said: register company and declare taxes. But I dont know how to declare wo... lolx Coz I never paid tax !

    Thanks to iamfreelancer, happydog, fivio and calvyn for the find out. I will get a expert to do it, but I need to get some knowledge first before to go ma..

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