Hi i have a quick question. Say if i have a source of foreign income do i have to pay tax in Malaysia? DO you guys declare your income from foreign stocks?
tax on foreign income?
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 Oct 23 2009, 09:20 PM, updated 10y ago
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#1
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Junior Member
432 posts Joined: Oct 2006  
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Oct 23 2009, 09:40 PM
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#2
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Junior Member
432 posts Joined: Oct 2006
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oh ok... how bout profit i make from trading stocks? I am using a US brokerage, I dont get tax in US but do i have to pay the tax in Malaysia?
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Oct 23 2009, 11:08 PM
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#3
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432 posts Joined: Oct 2006
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But for stocks i was not taxed, i brought this up with my brokerage and they told me that unless i am a US citizen they are not allowed to tax me. If you are a US citizen they will deduct the tax from your acct directly. Iif you transfer more than RM10k into you bank acct you will have to declare it. So technically they have proof that i have additional income.
This post has been edited by Goneraz: Oct 23 2009, 11:10 PM |
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Oct 24 2009, 08:37 AM
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#4
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432 posts Joined: Oct 2006
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Thats awesome.. Thanks guys....I have been paying BUTA punya tax for years.. dunno if i cna get a refund
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Mar 31 2016, 10:05 PM
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#5
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432 posts Joined: Oct 2006
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QUOTE(shingyong84 @ Mar 31 2016, 08:01 PM) Thanks for the quick respond Aiyah... There is no way for them to check. Unless u start transferring huge sum of money back to Malaysia. No need declare LA. Start investing your money in Singapore don't bring back Malaysia. No tax. Sorry to ask a silly quest.. how to define "NOT WORKING" in MY eh..? Yes, I was based in MY more than 185days a year. NOT WORKING.. hmm.. yeah, most of the time not in working condition. Not tagging with any agencies. No working record in Malaysia.. My role is basically a middle-man/ art buyer. To buy Malaysian Art behalf of my company in SG and sell to overseas clients.. So it was actually some other artists WORK, send me soft copy, and i export via email.  |
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