From political standpoint and Bumiputra policies, I think PNB's vehicles will always be taxfree.

OK buy you teh tarik next time...

no idea if they have specific targets... but i've talked to some ppl hauled up for audits... usually small things cause imbalances in their IRB account trigger invitation to yum cha... or suddenly income zero will also trigger... buy/sell properties if you have low/zero income also kena, my neighborhood housewife kena audit because husband bought/sold Toyota corolla in her name...

Ok,... looking fwd to it,.. and tq for ur good infos, bro,....

People are pissed off with the govt for Selangor flood issue. Will be interesting.

I think they don't care. Lhdn people are paid a fixed salary year in year out. I don't think there's a reward for additional audit.

Rakyat easier to catch Vs big politicians. So why do hard work to match KPI when you can do easier work and read KPI also? That's my thinking.

You guys know each other in real life?

nope

So means not official yet? Gonna be 1st January 2022 soon leh.



Sos: https://news.bloombergtax.com/daily-tax-rep...-sourced-income

https://www.theedgemarkets.com/article/mof-...nsourced-income

https://www.sinchew.com.my/20211230/%e6%b5%...b9%b4%e5%ba%95/

Thanks for updates. Exemption till 2026, but after 2026, who knows if the country's finances would get even worse.

TQ for the sos.

Such a joke our government. Must have been too many powerful people and politicians "lobbied" the MoF to think twice about this and do the right things.

woohoo such a relief

2026?

before that, you were already a millionaire la. Who cares about 2026.

lol my capital is still very small. Unless compounding for decades to come, a million is impossible.

problem is withdraw then put where?

thank you for Info.. so many ppl must've transfer $ back till CIMB SG also KAPUT..!!!

https://www.asiaone.com/singapore/i-dont-kn...banking-service

Good question. I have a substantial gratuity payment coming soon next year. It is a good headache.

Does any of us really think we need to take this seriously? Basically this is kicking the can down the road and a different government composition.
but who knows... Mahathir maybe back again. lol

Yes. it is possible.

Same as you, I always think it is impossible. After doing some calculations and executing the plan, it proves to be possible.

1st target at 3 figure. After success, 4 figure. next 5 figure, 6....


When it disrupts your plan of financing, we need to think seriously.

The uncertain policy, U turn and changing rule each yrs is annoying. That is also the reason why I have to not put everything in 1 basket.

For me, I counted, it's impossible with dividend investing. With options in the other hand, very much possible. Hence the switch.

Agree. But unfortunately some things cannot be planned with certainty. GoM way of governing our country is one that we should always plan for the worst.

Because of this, it is a good idea to just keep whatever one (at least for us normal people) has overseas remain overseas. Malaysia is a very risky basket, with limited potential return.

Regardless, Malaysia is still a good place to retire.