If international stock broker money go to singapore bank first, after that i use transferwise to transfer money to local bank, how they justify that is income from oversea?
Income Tax on Foreign Salary Income?, Work in Home in Malaysia.
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 Nov 21 2021, 09:59 PM
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Nov 21 2021, 11:02 PM
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QUOTE(TOS @ Nov 21 2021, 10:55 PM) Money from SG bank to local bank, that is money from overseas. Then ask: where does the money from SG bank (i.e. overseas) come from? Traceback, and money comes from stock broker. Now IRB can't be sure if the money from stock broker is income in nature or not, so you need to prove it with brokerage statements. What portion is income, what portion is capital gains, what portion is original capital etc. Tedious as it might sound, that is how you justify income from overseas. if i lose money from stock market, whether i still need pay tax? if original RM10,000 to Singpaore, transfer back is RM8,000.Bottom line: KEEP your documents.  RM8,000 will be taxed? |
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