PAS wants to introduce capital tax in their manifesto.. I'm not talking about gains here.. I'm talking tax on holdings.

Lucky PAS can never rule Fed.. Or could they ?

You mrbigggyyy dupe?

yeah exactly.. our market is not mature enough to introduce that

A lot of PH legislatures also quite rich, in the T20 groups and have side income from investments.
They talk only but won't support more taxes because of self-preservation.

In Malaysia the rich, don't have to work, can get tax-free money from investments.
The poor - have to work but also not earn enough to pay taxes.

The groups suffer the most is the M40.. have to work and have to pay taxes to support the entire country.

May I ask if capital gains from selling shares in foreign market taxable ?

So can i say, either someone is working or not working, the are still not taxable unless it is huge amounts monthly? Even this is a grey area.

If i engage an offshore investment broker, and trade US stock , do i need to pay tax?

If I rmb correctly, income derived from overseas is not taxable under Malaysia law unless you conduct business in Malaysia.

However, as we have no CGT here, you likely won't have any tax to pay if your gains are in capital gains.

Dividends might be a separate issue, but unless your dividends is from REITs, they should be tax exempt as well. The only tax you need to pay is the 30% withholding tax imposed by the US

it's so loosely defined here... so mean if lhdn didn't come find you then no problem

but somehow if you in trouble and lhdn come find you, sure kena fine a lot...

Question:
For local and oversea stocks, do we need to declare the capital gain to LHDN?

Don’t need for local , no sure about oversea stocks.
Do you have answer to share?