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 Declare remote job income in Malaysia

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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

Look at all my stars!!
*******
Senior Member
3,389 posts

Joined: Sep 2019
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.


 

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