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Income Tax on Foreign Salary Income?, Work in Home in Malaysia.
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xander2k8
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 May 2 2023, 05:37 PM
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QUOTE(vegiee @ May 2 2023, 03:10 PM) Do you have any updates on the income tax requirements for a Malaysian individual working as a contractor remotely in Malaysia for a US-based company and receiving payment in USD to their Malaysian bank account? :confused:  The only way you want to avoid such is not to use Malaysian bank accounts as receiving 🤦♀️ Better off for your employers to pay you in USD in overseas bank accounts and you lodged a tax return with IRS unless you are using the money to pay off your Malaysian loans then no choice you will be taxed no matter how 🤦♀️ |
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xander2k8
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Jun 13 2023, 05:07 PM
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QUOTE(Hansel @ Jun 13 2023, 11:18 AM) I think,... at the end of the day,... it all boils down to how much is the LHDN able to convince the foreign govt to cooperate with them,... I'm jumping the gun answering like this,... maybe this answer sounds illogical,... but,.. even with the CRS procedure in place, if the foreign tax authorities don't provide whatever details the LHDN asks for,... there is just no way for LHDN to 'count'. So,... we continue to pray msia will remain a weak ctry, no foreign govt wants to waste their time on us. As long as Malaysia still developing countries it is difficult to implement FSI because a lot of countries will not want to do it unless the bilateral and trade ties are very strong |
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xander2k8
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Jun 14 2023, 03:45 AM
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QUOTE(Wedchar2912 @ Jun 13 2023, 11:44 PM) That maybe the correct advice, but not the best. even if you paid all accurate taxes, if you are flashy, ldhn still come kacau you. As long as you have major several big purchases they will still come after you even you have paid the accurate taxes 🤦♀️ and they can be aggressive to tax your future earnings even though you have not collected the earnings yet which is why when audit they always target SMEs 🤦♀️ |
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