QUOTE(Shinichi @ Apr 29 2010, 10:50 PM)
Mean if we are being taxed in SG, we may need to file our income in MY to avoid future dispute, but we will not be taxed right?
Malaysia has a territorial tax regime. That means only income that is created or sourced within Malaysia's borders is taxed.
In the past, there was a border crossing tax where funds originating from outside Malaysia is taxed when it is repatriated back to Malaysia by a Malaysian resident. This is no longer in effect. Fund movements into Malaysia are still monitored by BNM but for currency control/reporting reasons, not taxation.
This post has been edited by seantang: Apr 30 2010, 12:22 AM
Apr 30 2010, 12:20 AM

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