r/MalaysiaPF

What is the actual bonus payout for a KPMG Malaysia AA2 (Audit Associate 2) position?

Hey guys,

I’m currently looking into a role as an Audit Associate 2 (AA2) at KPMG Malaysia.

When talking to HR, they were incredibly evasive about the bonus structure, hiding behind the typical "it's discretionary and performance-based" corporate script and refusing to give even a rough estimate or historical range.

I know Big 4 entry-level base pay is already low, so I want to know what the reality is before making a decision. For anyone currently there or who recently left as an AA2:
What does the performance bonus actually look like in terms of months (e.g., 0.5 months, 1 month, or absolute RM amounts)?

Does it actually hit 0 months if the firm has a bad year or if you're rated average?

Is there a guaranteed 13th-month bonus, or is everything strictly variable?

I have another offer with a higher base salary on the table, and HR's gatekeeping is making me lean heavily toward that instead. Would appreciate some honest, unfiltered insights. Thanks!

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u/ActiveEngineering972 — 7 days ago

Guide me please

Hi, I am in my late 20s, earning upto 4.5k a month with commitment around 2.2k to 2.7k. Living in rental room. I am thinking to buy house but quite worried would i be able to sustain and not save if my money goes to house monthly payment. What you your advice will be. Is it advisable to get one in kl area or ipoh since im working there but may settle down in kl one day. Settling down plan is still quite unsure.

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u/ProduceTall2957 — 6 days ago
▲ 10 r/MalaysiaPF+1 crossposts

Budget 2027: What actually matters for our income tax?

Been looking through the Budget 2027 announcements & a few things caught my attention.

Some of the proposed changes that could affect individual taxpayers include:

  • Individual tax relief: The basic relief is set to increase from RM9,000 to RM12,000.
  • Tax rates: Some tax brackets are getting rate changes, so the impact depends on your chargeable income.
  • More relief categories: Things like AI subscriptions, tuition fees, certain care expenses & pet-related expenses were mentioned.
  • Gig workers: There are also measures involving EPF and SOCSO contributions.

Of course, an announcement doesn't automatically mean you can claim it right away. We'll need to see the implementation details and official LHDN guidance before making any claims.

Personally, I think the interesting part is whether people will actually take advantage of these reliefs or just forget about them until tax filing season comes around. 😂

How many of you actually track your tax reliefs throughout the year, instead of scrambling to find receipts when e-Filing opens?

u/Still-Research-1878 — 6 days ago
▲ 23 r/MalaysiaPF+1 crossposts

It's still possible that some due in tax even after deduction of monthly income tax

A lot of people assume that if PCB (monthly tax deduction) is already being deducted from their salary every month, they’re done with their tax.

Not necessarily.

PCB is basically an estimate of your tax throughout the year. When you actually submit your tax return, your final tax is calculated based on your total income, reliefs, rebates, and other factors.

So you can still end up owing some tax even though PCB was deducted every month.

It doesn’t necessarily mean your employer did anything wrong. Sometimes the monthly deduction simply wasn’t enough to cover the final amount.

u/Still-Research-1878 — 7 days ago

High Yield Saving account choices

I did heard of gx, boost, ryt etc, but its rate may change vary with time. So currently what I saw is:

1)m2u saver (6%+) but need to complete hassle tasm

2)saving+ 3%+,not sure if need to do task

3)gx bank (latest not sure)

4)rhb jar 2%

  1. tng go+ 3%+

So basically what I want is balanced between pidm protected, high%, minimal to zero tasks.

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u/Kururing00 — 8 days ago

Maybank Shopee vs 2 Gold

24 yo fresh grad here, earning RM3.2k per month. Shops at Shopee 2-3 times per month and spends at Jaya Grocer every weekend. Looking for first credit card options and end up between these two Maybank cards (Maybank is also my go-to bank in the first place).

How would you guys advise to choose between these two cards? Thanks!!

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u/Chairhorizontal — 9 days ago

Lump sum ETF every 6 month: FSMOne or IBKR

As per title: planning to lump sum into VWRA (~RM15k every 6 month). Do you think FSMOne or IBKR fees are better? Or negligible? Couldn’t find much info on this, since most of the topics and posts are about DCAing.

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u/Narrow-Wind5175 — 7 days ago

Tax Audit Calculation

A friend got retrenched recently and LHDN did an audit of the past 3 years. Pretty standard stuff except they found discrepancies. Some of the charity that my friend has been donating to through his company, which the company said is tax claimable turns out is not. Also some personal insurance stuff that again apparently is not claimable. Not a big deal, just a couple of hundred each year for the past 3 years.

The total that LHDN declared he owes though is a lot higher than that. We calculated all of the minor adjustments to come to about 3k but LHDN sent a bill of 11k to his company.

He has replied to LHDN asking for an explanation but I'm curious too. Anyone knows how did they arrive at this number and why is there such a big difference?

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u/lifeinthesudolane — 7 days ago
▲ 95 r/MalaysiaPF+1 crossposts

RM 0-850k since January. What do i do for taxes?

Long story short, i am involved in crypto but i am not a trader. I run projects with various teams in the space and have made this from less than rm 500 back in January.

I have been dabbling in the crypto space since 2023, made six figures before and have lost it all because of bad trading. Restarted from almost zero since January.

At my current rate, its probable i will break by 2027 and i am planning to cash everything out soon when my holdings go up abit more. I have never filed for taxes but id like by money to be fully out and useable in the Malaysian economy as id like to invest 90% of it in ETFs . Any tax advice?

u/Kitchen-External-666 — 12 days ago
▲ 0 r/MalaysiaPF+1 crossposts

A new community for Malaysians to talk about tax.

Got a tax question?
Confused by LHDN?
Don't understand your tax relief?
Just want to rant about paying tax? 😭

You're in the right place, come & join us as Victims

No need to be a tax expert.
No question is too basic.

This is a safe space to rant about tax.

r/MalaysianTax

u/Still-Research-1878 — 10 days ago

Need advice on how to obtain someone's details for a legal case

My mom recently told me that my dad lent his friend a huge amount of money (50k) back in 2018. They've been trying to get him to pay it back all these years but to no avail. So she finally asked my help to sort it out

Here's where it gets tricky. My dad being the trusting person that he is, didn't ask for his friend's details (IC number, address etc) and those things are required in order to launch a lawsuit. The only thing we have is his phone number

I've tried everything I could think of so far. I asked the guy hundreds of times to pay up, even threatening to take him to court. But I guess he caught my bluff since he knows we don't have his details. When I lodged a police report, they told me there's nothing they can do and to go to a lawyer instead

So I have a catch-22 on my hand and tbh I'm at my wit's end. I don't want to resort to illegal means in order to get my dad's money back, but atp that seems the likely option. Idk man

For now at least, I still want to pursue a legal case against the guy. And in order to do that, I need to get his details. Does anyone here know how to go about getting it using his phone number?

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u/NandorNvrRelents — 11 days ago
▲ 5 r/MalaysiaPF+1 crossposts

Tax implications for remote work income paid via offshore payroll platform

I am currently working two remote jobs with a combined monthly income of approximately RM11k after convert.

Job A is with a local Singaporean company based in Malaysia, which handles my EPF and SOCSO contributions. Job B is with a US-based company that does not offer local benefits, but they did request my Tax Identification Number (TIN).

My income from Job B is paid through an international payroll platform via a Visa card; the funds do not enter the Malaysian banking system directly, and when I use the card, the transaction merchant name appears as "[COMPANY] PTE. LTD." rather than my own name.

  1. How does LHDN track income paid through offshore payroll platforms, and are they likely to detect this?
  2. If I want to ensure I am fully compliant, what is the best way to report this income and pay the necessary taxes?
  3. What is the "proper" process for transferring these earnings into my local Malaysian bank account without getting detected?

Any advice on navigating this situation legally would be greatly appreciated.

(edit: job B they pay in $USD).

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u/ProbablyNotHappy — 10 days ago