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 Declare remote job income in Malaysia

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wasp81
post Jul 22 2019, 01:13 PM

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This post has been edited by wasp81: Jul 26 2019, 07:04 AM
achong09
post Jul 22 2019, 02:13 PM

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QUOTE(Khai92 @ Jul 22 2019, 12:18 AM)
it's good to pump small portion to epf coz it has high percentage of return
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you dont pay also can... prepare get letter from LHDN la... hahahaha if your salary income within certain bracket, have to pay one.. this is rules.. regardless u work from where??
nonexno
post Jul 22 2019, 03:19 PM

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QUOTE(Khai92 @ Jul 18 2019, 10:28 PM)
Like a contract role, I work remotely for sg company, do I have to pay income tax?
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First thing is to determine your tax residency
i.e. where you stay for more than 60/90/180 days. If you got any kind of PR then check double tax treaty.

But you contract work is definitely taxable, just depends on which country's tax you will pay. I'm incline to say you have to pay in Malaysia given the limited info.

Nowadays, it's harder to hide from tax because they have access to your bank account. Unless your employee pays you in bit coin, hard cash or something with no train in the system.
topitup P
post Jan 5 2021, 08:41 AM

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QUOTE(ventolin @ Jul 21 2019, 01:35 AM)
Fortunately my employer outsourced all the local taxes & pension matter to a local HR partner here so they sort it out for me
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Are you entitled to US 401k and benefits of the local employees too? And do you have to pay US tax as well?

wadzee95 P
post Jan 5 2021, 03:23 PM

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I am in your position, I'm freelancing for a UK company earning $3k/month. They pay me through Transferwise which I then transfer out to my local bank account.

Just talked to LHDN on this issue last week, here is what they told me.

If your income is taxed from the source country, you will not need to pay double the tax in MY (meaning tax free). But if your income is not taxed from the country of origin (ie, you get the full pay/gaji kasar), you will need to declare and pay the income tax in Malaysia IF you are a tax residence residing in Malaysia for more than 180 days.

Pretty sux eh? I though I'd get the zero income tax... 🤷🏻‍♂️

Oh well, since you're getting tax for it, might as well create your own company to receive the overseas income so that you can actually use it for loan approval lol. (Doing it this year for my overseas income)
Redshelf411
post Jan 5 2021, 10:09 PM

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Question though - if you work freelance, are you expected to pay any taxes? If yes, starting from how much income are you earning?


kesvani
post Jan 5 2021, 11:43 PM

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What freelance only. You receive income from house rent to someone also need to calculate into tax
waghyu
post Jan 5 2021, 11:45 PM

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QUOTE(Khai92 @ Jul 18 2019, 10:28 PM)
Like a contract role, I work remotely for sg company, do I have to pay income tax?
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company is SG entity so thats overseas oncome, not taxable in MY but taxable in SG
waghyu
post Jan 5 2021, 11:47 PM

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QUOTE(wadzee95 @ Jan 5 2021, 03:23 PM)
I am in your position, I'm freelancing for a UK company earning $3k/month. They pay me through Transferwise which I then transfer out to my local bank account.

Just talked to LHDN on this issue last week, here is what they told me.

If your income is taxed from the source country, you will not need to pay double the tax in MY (meaning tax free). But if your income is not taxed from the country of origin (ie, you get the full pay/gaji kasar), you will need to declare and pay the income tax in Malaysia IF you are a tax residence residing in Malaysia for more than 180 days.

Pretty sux eh? I though I'd get the zero income tax... 🤷🏻‍♂️

Oh well, since you're getting tax for it, might as well create your own company to receive the overseas income so that you can actually use it for loan approval lol. (Doing it this year for my overseas income)
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You pay tax where there money derived. True.

Non residence is other issue, you pay taxes flat rates.

Aurora Boreali
post Oct 29 2024, 02:50 PM

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QUOTE(cute_boboi @ Jul 21 2019, 11:10 AM)
Go do your own self contribution for both employee and employer (11 + 13%) , then submit claim for next month for the employer portion. Unless you are contract based, otherwise do not be stupid and not claim the local benefits. PCB is up to you, else have to pay lump sum duing tax filing.
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Hi there, sorry for necro-ing old threads, but I need clarification on this.

If you have to pay both employee+employer portion, does that mean that you're receiving the salary as a sole prop/enterprise?

Also, what do you mean by "submit claim next month for employer portion"? Submit what claim? Claim from who and for what purpose? From LHDN as tax relief? A lot of question marks here.

What kind of borang (B or BE) do you file?

Appreciate your reply!
cute_boboi
post Oct 30 2024, 08:28 PM

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QUOTE(Aurora Boreali @ Oct 29 2024, 02:50 PM)
Hi there, sorry for necro-ing old threads, but I need clarification on this.

If you have to pay both employee+employer portion, does that mean that you're receiving the salary as a sole prop/enterprise?

Also, what do you mean by "submit claim next month for employer portion"? Submit what claim? Claim from who and for what purpose? From LHDN as tax relief? A lot of question marks here.

What kind of borang (B or BE) do you file?

Appreciate your reply!
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Disclaimer: It has been some time and rules may have changed now.

I'm hired as permanent employee (not contractor) directly from overseas with a letter I'm paid in MYR equivalent and the company TT into my back account. The company also agreed to follow local laws then, hence I'm entitled to submit and claim back the employer portion of EPF.
I understand in recent years, this is no longer allowed or is illegal.

Submit what claims ? I submitted a lot of claims every month then:
1) Claim back the EPF employer portion I pay. e.g. I self-contribute 1100+1300 = 2400. I claim back 1300 the next month.
2) Claim back the TT forex loses. When it is 5-digits, the forex loses can be tens/hundreds.
3) expenses/meals
4) foreign flight+accomodation
5) local travel/mileage+accomodation
6) benefits.

For what reason ? If I don't do it, I would lose out on the employer portion every month.

I fill up BE at that time as it is not a business.

Aurora Boreali
post Oct 30 2024, 09:27 PM

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QUOTE(cute_boboi @ Oct 30 2024, 08:28 PM)
Disclaimer: It has been some time and rules may have changed now.

I'm hired as permanent employee (not contractor) directly from overseas with a letter I'm paid in MYR equivalent and the company TT into my back account. The company also agreed to follow local laws then, hence I'm entitled to submit and claim back the employer portion of EPF.
I understand in recent years, this is no longer allowed or is illegal.

Submit what claims ? I submitted a lot of claims every month then:
1) Claim back the EPF employer portion I pay. e.g. I self-contribute 1100+1300 = 2400. I claim back 1300 the next month.
2) Claim back the TT forex loses. When it is 5-digits, the forex loses can be tens/hundreds.
3) expenses/meals
4) foreign flight+accomodation
5) local travel/mileage+accomodation
6) benefits.

For what reason ? If I don't do it, I would lose out on the employer portion every month.

I fill up BE at that time as it is not a business.
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Thank you for your reply!

 

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