Will dividends/capital gains from local robo investing apps ie Stashaway, Wahed etc be taxed when the money is withdrawn to bank account?
Income Tax on Foreign Salary Income?, Work in Home in Malaysia.
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 Nov 16 2021, 09:07 PM
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109 posts Joined: Sep 2019 
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Nov 16 2021, 09:51 PM
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QUOTE(MUM @ Nov 16 2021, 09:15 PM) from the link in post 123,... Wait. Ayam confused a little bit. Capital gains/dividends will be taxed when remitted back (considered as foreign income). But the initial capital is not being taxed? Implications on Malaysian Investment Funds Malaysian funds that invest abroad will also be disadvantaged, as the foreign income remitted by the funds is now taxable. Investors may then invest through foreign funds or foreign vehicles, instead of Malaysian funds, as the additional tax cost will reduce the investment returns. Ultimately, this would result in movement of funds abroad to invest in foreign funds.  Example deposited 5k in robo. One year later cash out all in total 6k. So only 1k is taxable? It's going to be a headache for apps like Wahed/Best that have both foreign and local investments in a single portfolio. How to differentiate? 😂😂 |
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Nov 16 2021, 10:09 PM
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QUOTE(MUM @ Nov 16 2021, 09:55 PM) |
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