Foreign Sourced Income tax confirm passed liao? Means year 2022 any incoming funds to Malaysia that has profit will be taxed? follow our individual income tax bracket?
tax for oversea trading /dividend, its become more complicated
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 Dec 15 2021, 04:28 PM
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#1
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3,520 posts Joined: Jan 2003  
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Dec 15 2021, 08:32 PM
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#2
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QUOTE(Hansel @ Dec 15 2021, 07:59 PM) If you are classified as a Msian Tax Resident, then yes, the above repatriation will be assessed and then taxed. Whether from SG, or UK, etc,... all will be taxed. They will even check our bank accounts? Isn't that against bank privacy rules? Wah no privacy laws like that gov/LHDN can korek our bank accounts as they like. |
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Dec 15 2021, 09:09 PM
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#3
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^What he said.. Finance minister don't care just simply come out with this plan without seeking advise or providing clarity. |
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Dec 16 2021, 09:41 AM
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#4
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Confirm liao LHDN can check our bank accounts. And we won’t be informed about it:
https://www.thestar.com.my/news/nation/2021...=smartech#close Starting year 2022. |
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Dec 16 2021, 04:56 PM
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#5
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QUOTE(Hansel @ Dec 16 2021, 02:49 PM) Bros,... only individuals deemed to be able to pay higher taxes but NOT DOING SO will be pursued, there is no time to go after everybody ! So,... how do they decide who these individuals are ? You'll have to think like this. if they really impose this.. i bet u many won't declare.. wait LHDN come after us haha  if scare detection people might withdraw bit by bit. LHDN got time then come hunt us la. bring back money to spend in malaysia pay your SST and whatever tax still not enough? wanna make us poorer. If only your local bursa performing well 99% of us will invest locally instead! go make sure our local politicians not abusing money, rasuah all.. big fishes don't catch wanna make rakyat life miserable! This post has been edited by Davidtcf: Dec 16 2021, 04:58 PM Hansel liked this post
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Dec 21 2021, 09:24 PM
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#6
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When come to general election.. You'll know who to vote for. Just hope majority esp those older generation malays can see this and vote correctly.
Country going to hell with their stupid policies. |
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Dec 24 2021, 10:46 AM
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#7
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So means not official yet? Gonna be 1st January 2022 soon leh.
QUOTE Impending Taxation of FSI in Malaysia During the Budget 2022 announcement, the government proposed to remove the tax exemption on FSI received by residents in Malaysia with effect from Jan. 1, 2022. This proposal is reflected in the Finance Bill 2021, which has been passed by the House of Representatives but is still being read in the Senate and has yet to be gazetted as law at the time of writing (Finance Bill). Sos: https://news.bloombergtax.com/daily-tax-rep...-sourced-income |
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