QUOTE(cute_boboi @ Aug 4 2011, 10:09 AM)
Switzerland (personal) income tax rate 22.4-42.2%
I would guess you are sort of like a contract worker. Therefore, you may use the country where you reside when you are onshore. If you prefer to get taxed in Switzerland, then by all means declare there. Otherwise, declare back in Malaysia LHDN.
If you declare and pay in Switzerland, and you bring the money back into Malaysia (buy house, car, etc.) and get audited by LHDN, LHDN may require you to show proof of the tax you paid in Switzerland, otherwise LHDN will tax you again.
Double Taxation AgreeementNo matter where you work, even on the moon/ISS, your income is still taxable.
The LHDN Officer told me that, there is a kind of Offshore worker taxation, I wonder how is it look like? Anybody know what is offshore worker taxation rate?
Most of my offshore friends which are Malaysian told me that, they're earning foreign currency, and the currency conversion from the bank are considered blood sucking by the govern. and
My company is not registered under Malaysia firm, so its not taxable by LHDN.
While I'm bring in foreign currency into Malaysia, which mean I'm already (considered) contribute to the country..
If my income is still taxable by LHDN, it would be pain in the assss....
And annually i work 6-8mths, how to declare my income? because when I'm back in Malaysia I dont get pay.and what if i work only 4 mths a year? My salary is daily consolidate, which mean i get paid when i work, if i sit at home, i dont get a single cent.