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 Income Tax on Foreign Salary Income?, Work in Home in Malaysia.

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lexusbaby
post Nov 11 2021, 06:10 AM

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QUOTE(dwRK @ Oct 30 2021, 09:04 AM)
i no such power eh

I'm quite sure capital gain is not considered as foreign income... but dividends & interests should be

but I dunno the threshold when investment becomes trading... selling covered calls every week is probably not investing and if IRB put you in the trading bucket... your capital gains become taxable as foreign income
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Appreciate if you could bring up with IRB if opportunity arise notworthy.gif . Since the local dividend is not taxable income. Then, the law will only consistent that foreign dividend are not taxable also.
lexusbaby
post Nov 13 2021, 03:46 AM

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QUOTE(dwRK @ Nov 11 2021, 07:12 AM)
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
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dwrk, i'm in same shoes, i'm a non tax resident now, all saving are offshore. But eventually will need to repatriate those fund back for living expenses at retirement.

I really don't see IRB have the capacity to differentiate which income are earned before 2022, they will tax as long as the income is remit to Malaysia on Jan 1 2022 onwards.

If you are in those countries where Malaysia had DTA treaties, then can apply for certificate of residence to avoid the duplicate taxation.




 

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