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?

I've been told by income tax personnel that it doesn't matter where the money is from, as long as you are resident in Malaysia at the time the income is accrued, it is taxable. Unless you are physically overseas and working in overseas with a foreign company giving the employment.
But most people I know also never declare this income.

@goneraz
(sorry I tumpang your thread  )
Me currently employ under Japanese MNC (in Singapore) but work in Johor Bahru. So means no need to pay income tax right? I asked LHDN on 2005 and their said no need to pay. However last week I asked again but now never said need to pay, only asked me to register with LHDN.
They wanna curik my money is it? 
I tried searching LHDN website but cannot find the info  edit:
yahoo, find the link in IRB website. really no need to pay tax  .  Good news for you too goneraz 
Link

Half correct only. You don't need to pay tax only if the foreign income is 100% generated without any of your involvement while you are in Malaysia. Eg: You are a shareholder of the oversea company. Not involve in any operation of the company while you are in Malaysia. Or you involve and perform the action to generate the profit while you are in oversea.

If you involve in making the foreign profit in Malaysia, you have to pay tax. Eg: Director, owner making decision in Malaysia

still need to declare in the income tax form?

tq