2. Fly into Singapore and undergo their quarantine if necessary. Now Malaysia can fly outside. Use this opportunity.

3. After finishing your quarantine, take MRT or bus to Marina bay financial center.

5. Now that's all set up, fly back to Malaysia.

6. Quarantine again in Malaysia if needed.

Actually I think can still fly in. Only need to quarantine there.

See below.
My assumption was based off a news I saw about a guy travel to China for business stuff and he had to quarantine and swab 4 times if I am not mistaken. So yeah, borders are not exactly close. Just need to quarantine.

Yes boss... this is my problem now... looks like ANY inward remittance from Jan 1 is taxable income... all my savings is offshore, if they don't segregate old money (before Jan 1) vs new... I'm in big trouble

you misunderstood... I am remitting $5-10k per month for spending... 

ignore 1st para above

lawyer says only remitting capital no fsi tax... those were locally sourced and tax had been paid

It's confirmed.

https://www.sinchew.com.my/20211116/%e7%a8%...8d%8a%e5%b9%b4/

https://phl.hasil.gov.my/pdf/pdfam/KM_LHDNM...LUAR_NEGARA.pdf

1st half of 2022 rate is 3%, no auditing done during that period.

Another "article"

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

i happened to read this earlier...

"As for the impact on individuals, Deloitte Malaysia said one common situation involves rental income earned by a Malaysian tax resident from a real property located outside of Malaysia.

Citing a rental income from Singapore as an example, Deloitte Malaysia said, this income is an FSI and would not be taxed in Malaysia presently, but from Jan 1 next year, the income remitted to Malaysia would be taxed.

“In this case, both countries have the right to tax.
To avoid double taxation on the same rental, Malaysia, being the country of residence, would grant foreign tax credit based on a prescribed formula that takes into account the taxes paid in Singapore against the Malaysian tax payable,” it said.

However, it noted, the Malaysian resident landlord would still need to pay the net tax to the Malaysian government.

Another common situation, according to Deloitte Malaysia, involves a Malaysian who lives in Johor Baru and commutes daily to Singapore for work.

“He draws a salary from his Singaporean employer. Under the tiebreaker rule, he is a Malaysian tax resident given that his permanent home is in Johor Baru.
Before Jan 1, 2022, he can remit his salary into Malaysia without paying Malaysian tax.
Under the new rule, his remittance would be subject to Malaysian tax,

“The Singapore taxes paid can be used as a set-off. However, he would need to top up the net additional tax and pay the Malaysian tax authorities. In short, there would be an incremental tax,” it added.

https://www.theedgemarkets.com/article/delo...xation-malaysia

foresee implementation issues that needed ironing out...
page 6
https://www.pwc.com/my/en/assets/publicatio...-2022-Part2.pdf

from this article,....it seems like no remit back will also kena??   

“After the expiration of the period, IRB will review and examine the income information of Malaysian residents deposited abroad that has been received through tax information exchange agreements with other countries.

“If the review found that the income kept abroad originating from Malaysia has not been reported, additional assessment can be imposed together with penalties in accordance with the provisions of the Income Tax Act 1967,” it said.

Therefore, IRB said taxpayers are encouraged to participate in this special programme in order to update their tax position.

https://www.malaymail.com/news/malaysia/202...sidents/2021425

Ok, then investing in SREITs/US shares etc. are fine then. The source is not from Malaysia but SG/US. Indeed no clarity on remittance. Now still wondering whether not paying tax and not remitting back will be a crime or not.

that means money had to be "reported" for taxes (money that had been declared and subjected to taxes) BEFORE taken out of the country and the details had to be kept and produced as a proof of the origin of the source of money when the time comes to remit them back to M'sia?

if that is the case, then the money will not be subjected to taxes when the money are brought back to M'sia?...

if NOT, then it would be considered as foreign source income that had not been reported and will be taxed?

me thinks is related to not disclosing the info in the tax form... then they can penalize you... if can't prove is capital from Malaysia, they can just assume is fsi and tax you again...

anyways... gov getting desperate... stupid things can and are happening...