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 Income Tax Issues

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wattq
post Apr 18 2011, 04:48 AM, updated 15y ago

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Dear Sir/Madam,

maybe you can help me out about my issue....

i am a malaysian and i heard in malaysia there's a rules by bank negara to encourage money made below RM 5mil from oversea can bring back to malaysia without needing to declare tax, is this true ? if do, can i know the detail condition/limit ?

i am making RM20-30k monthly (200-300k/year) from online business and wonder if can wire back to malaysia without payign tax?

is the RM 5mil per year or RM 5mil limit for lifetime for a name???

and what procedure should i go thru ? or who should i contact to start [i read on somewhere, we need to go bank negara to get a FORM and declare but i dont know what form is that, maybe you can advise me about what exact form is that?]

sorry if i have email the wrong person for help ... maybe if u know someone who can help me out ?

thank you

Watt




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