Hello,

I need some help regarding on income tax issues. I would be glad if somebody can explain my situation.
I'm an offshore contract worker which hired by Switzerland company and my salary in USD which transaction by Tele-Transfer from Switzerland to Malaysia Bank.
I don't pay income tax in Switzerland. and I dont pay tax in Malaysia also but recently I've register an Income tax account in Malaysia.
My question is, is it taxable on my income situation? As far as I know, earning foreign currency is not taxable right? But the officer in LHDN told me that I need to show prove that I've pay tax in Switzerland, so that I dont have to pay it again in Malaysia. So this really worries me, if i need to start pay tax in Malaysia.

Please help me to sort out this issues... thank you in advance... cheers~

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.

If this is the case,
Then have to figure out some solution to minimization from being tax... This sounds better?

This post has been edited by hockster: Aug 4 2011, 11:20 PM

Aug 4 2011, 12:22 AM
Show posts by this member only | Post #112

Hello,

I need some help regarding on income tax issues. I would be glad if somebody can explain my situation.
I'm an offshore contract worker which hired by Switzerland company and my salary in USD which remitted from Switzerland to Malaysia Bank.
I dont pay tax in Malaysia also but recently I've register an Income tax account in Malaysia. ( Just bought a house )
My question is, is it taxable on my income situation? As far as I know, earning foreign currency is not taxable right? But the officer in LHDN told me that I need to pay tax in Malaysia.

Please help me to sort out this issues... thank you in advance... cheers~



Hi there, thank you for the reply.. I've found some information regarding on the Tax Exemption for the Foreign currencies earner. So if u work on the moon, and you received foreign currencies you dont have to pay tax IN MALAYSIA?

" A. Personal Income Tax
1. Who is Liable?
However, with effect from the year of assessment 2004,
income received in Malaysia by an individual for a year of
assessment that is derived from sources outside Malaysia is
exempted from tax. "

Pick from : http://www.kehakiman.gov.my/sites/default/...%20Thailand.pdf

Please correct me if I'm wrong. Thank you.

This post has been edited by hockster: Oct 17 2011, 05:42 PM