Hi all,
Just wanting to pick your brains about my situation and how to deal with the taxation. I’ve recently landed a job for a multinational company based in Canada, who has a head office in Singapore as the Asia Pacific subsidiary. Due to the fact that they don’t have a Malaysian office and don’t want the hassle of setting up a Malaysian entity to deal with just 1 staff member, I’m contracted to them as a “contractor”, therefore, I am personally responsible for all tax and retirement fund payments. I am a Malaysian citizen. And the company has chosen to engage me in Malaysia, so I’ll be working mostly out of Malaysia, with regular trips to Singapore to meet with the team and client meetings all over SEA. For all intent and purposes, i’ll be a Malaysian resident for the year
The thing is, I requested my wage to be paid in SGD and my current plan is to open a Singapore bank account to keep my money there, only taking out what i need to live in Malaysia.
Since I’m choosing to be paid into Singapore and holding my money in Singapore, will the tax office there come after me? What do I have to do to ensure I’m not going to be double taxed?
Tax Implications, Working in MY, paid in SG