Friends,

Here comes the time of the year again... filling of tax forms!

I've been earning a living from the Internet for most of 2009, and have been wondering if Internet business income is taxable. There's a thread somewhere here (quite an outdated one... posted in 2007) that it's not taxable, but I'm just wondering if there's any update on this.

I'm planning to call IRB next week, but anyone with experience and knowledge in this please do share.

Thanks!

kyaizen

Hi Cherroy,

Quoting verbatim from today's Sunday Star article -

"Foreign-sourced income is not taxable even if remitted to Malaysia. So you are not required to report such income in the tax returns. Examples of such income is rental income from properties outside Malaysia and employment income arising from an employment exercised outside Malaysia."

I am assuming that "foreign-sourced income" also covers Internet businesses where the customer base is outside Malaysia.

What do you think?