So Malaysian residents will be taxed on foreign sourced income remitted to Malaysia from 1 Jan 2022. How to get around this? I might go work overseas next year and most of salary will salary TT to my account here. Will I be considered Malaysian resident if I spend most of my days abroad? I know LHDN has few criteria to define Malaysian Tax resident. Is this same criteria to define Malaysian resident?

living overseas income overseas not affected

this targeting online sellers/traders, freelancers, etc...

Thanks Bro.

Since this foreign source income new regulation will be revised in 2022.

My question is if I continue to accumulate and it may reach certain amount remain in Singapore acct.
I dont have intention to bring back malaysia since my current income is sufficient to cover my expenses here.

All income coming into my spore account with valid documentation ie commission agreement if bank ask to provide, can I leave it there for my future education plan for my kids.

Thank you.

I just heard back from a tax advisor re my personal situation - British, tax resident in Malaysia, money on deposit in Malaysia to live off for a few years and tax free onshore dividend income to supplement. Tax advisor stated that I have no need to open a tax file.
I then went back with a follow up question. I have some funds offshore which have not been touched (either income paid in or transfer out) for several years. If I transfer some of these funds to Malaysia after 1/1/22 is the remittance taxable? I am still awaiting an answer on this question.

Hi all experts, just wondering if someone remits $$$ into a Malaysia bank account, say RM200k before 31/12/2021, the bank would usually call the account holder and ask about the incoming remittance. Usually what is the right answer to tell the bank? And what is the purpose of the bank calling the account holder? Is it for compiling data, for anti-terrorism financing efforts, etc? TQVM for being patient with me.

maybe and hopefully you can get more value added responses from the Forex forum.....

What if I work from home in Malaysia. But I receive my income on PayPal and in USD. Is it only taxed when I withdraw it into my Malaysian bank account and convert it to MYR? Or is it taxable even before it enters my Maybank account?

Sorry, I don't quite understand.