Is he doing the dropship in Malaysia if yes, please declare income for MY taxes.

Hey guys! I'm a freelancer based in Malaysia, my income comes from international clients. I understand that Malaysia will tax me if I bring the income back to Malaysia. Do you have any idea how to keep my income overseas?

Some of the things that crossed my mind:
1. offshore bank account like HSBC premier?
2. apply for a VISA in zero/low tax places like UAE, Mauritius, etc, then get a bank account there?
3. Keeping my funds in Paypal/payoneer/wise accounts?

Thanks for your input!

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

had a talk with PRS advisior in reference to this FSI and Finance Bill 2021, she claimed the impact on prs funds are minimal except those fixed income type. Dividend reinvestment plan (DRIP?DRP) is the main reason of  lowered effect on those funds.

mind blowing  :confused: , how would it impact fixed income fund so much rather than other type? Did i been mislead? Aiyah... mind intertwined    anyone can connecting the dots

just read this....just out today

SOALAN LAZIM BERKAITAN PROGRAM KHAS PEREMITAN PENDAPATAN (PKPP)
KEPADA PEMASTAUTIN DI MALAYSIA YANG MEMPUNYAI PENDAPATAN YANG
DISIMPAN DI LUAR NEGARA
( Dikeluarkan pada 17 Disember 2021 )

https://phl.hasil.gov.my/pdf/pdfam/FAQ_PKPP_2.pdf

mentioned ....individual tax payer.....or others including, (this "or others including") will means anything, everything ??    

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?

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?  

While waiting for real sifus that really knows this stuffs, ...I just kay pph, ....I think, if the transferred in amount is consistent, and large, ....the banks may report it to the authorities.  Perhaps under the BNM directives of suspicious transactions reporting?