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tax on foreign income?
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horc00
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 Mar 9 2018, 01:00 AM
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New Member
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Hi everyone. Sorry need some guidance here.
I am Malaysian working in Malaysia. I am employed by a company with HQ in Singapore and factory in Malaysia. I currently draw 2 salary, one issued by the Singapore HQ into my Singapore bank account, and another issued by the Malaysia factory into my Malaysian account. In fact I'm contributing to both CPF and EPF for my salaries.
My question is, is my Singapore salary taxable in Malaysia? Can I bring the money in to Malaysia?
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horc00
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Mar 9 2018, 11:40 AM
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New Member
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QUOTE(cherroy @ Mar 9 2018, 10:01 AM) The answer is yes. As you derived the income in Malaysia, whether the salary is paid in Sg and in Sgd, doesn't change the status that the income is derived in Malaysia, hence the salary paid in Sgd is taxable. For sure, there is no restriction is bring in or out money. But if you are not declaring the income of Sg salary, then you will have hard time to explain the authorities. QUOTE(000022 @ Mar 9 2018, 11:13 AM) Wouldn't that be double taxation? I'm not sure, but what I'm assuming is that he's paying taxes in both Singapore ( for his Singapore work) and in Malaysia ( for his work in Malaysia) That's right, I am paying tax in SG for my SG salary and tax in MY for my MY salary. I travel to SG once every few months. Is this considered double taxation? |
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