A scenario now,... everybody knows dividends earned from US-based companies are 30% tax-withheld. But what papers can we show to claim this tax credits when we remit back the USD dividends into Msia ?

Bros and Sis,... the word here is always : remit back.

The moment you need to bring back in,... then you'll have start thinking what is the right thing to do.

Like,.... in my case now,... I am thinking,... since my USD dividends will be tax-withheld anyway by the IRS, I can bring them back to Msia and will enjoy tax-credits.

But I can't back any SG dividends at all.

Let's see after writing the above, will the faqs change to say that USD dividends will never be granted tax credits, regardless,....

US and Malaysia don't have double tax treaty agreement, can still claim tax credit?

yes the keyword is remittance.

However, is there any loosely defined term of remittance? or any deemed remittance?

US and Malaysia don't have double tax treaty agreement, can still claim tax credit?

Getting unnecessarily complicated now. Yet no explicit answer outside of interpretations to a straightforward question. One may need to appoint a tax consultant to file and reconcile amongst the tax jurisdictions, just like the US.

At this rate, probably they should elaborate on the penalties for failing to declare these incomes. High probability to trip there.

yes... follows unilateral tax credit guidelines...
Merry Christmas !!! 

default penalty is 45% of additional tax payable

law says both remitted and deemed remitted

https://www.theedgemarkets.com/article/mof-...nsourced-income

U-turn already.

So if I freelance for a US company and they pay me via Wise, do I need to pay taxes?

Too much hassle to implement....

Inward transfer should be encourage... not discourage.

https://www.theedgemarkets.com/article/mof-...nsourced-income

U-turn already.

So if I freelance for a US company and they pay me via Wise, do I need to pay taxes?

Sifus,

If I receive my income in USD on PayPal, and I don't convert it to MYR or withdraw it into my Maybank account, is the income still taxable?

Yes. This has always been the case, regardless of the foreign income exemption. Your work here in Malaysia generated you the income. Unless of course, you're not based in Malaysia.

I work freelance from msia for an australian company. They pay me USD to my msia bank acc every month.
My work is very simple, only need a laptop and a few clicks, once a week, and job is done.

So if i bring my laptop to singapore every weekend and do a few clicks then come back JB, do i have to pay tax?