What until 2022 for clarity.

It's considered overseas income. And we all know overseas income will be tax. Whether the one taxable is job or investment, we won't know until 2022. Remember now govt desperate. No money already. Need to tax everything.

What day?

Bro, don't use SG money changer. Use the one in Midvalley. I believed they have the best rate in Malaysia. I compared with the ones in JB, JB rates are lousy vs midvalley.

It's already in Singapore. Only stupid Malaydia does not have wise card.

https://wise.com/sg/travel-money/singapore-dollar-card

Got revolut also.

My money have never been brought back to Malaysia. It's a one way trip. Been always like that since I started.

The question is even if I don't intend to bring back the money will it be tax? If yes how much?

We only know once the bill is clear.

Unless you want to chase air miles then use bank card. If you use bank cards Vs fintech, you instantly lose like 3% but you gain like 20% provided you know how to play the miles game.

This post has been edited by Ramjade: Nov 1 2021, 02:15 PM

Bro, I have never withdraw my money for I think 7-8 years already. All my salary all dump overseas.

How to retire?
Simple. Use epf and savings.

I planned to move to new Zealand,, Canada or Portugal or Finland or Netherlands.

My savings rate already 75%. If I need something just save up for it. Remember my overseas investment are now self reliant already thanks to options. I don't need to transfer money overseas anymore and still can continue to invest and grow my wealth and still get cash flow to fund my investment account. Another perks of not being a dividend Investor. If I cont to be dividend Investor, I need to wait 12 years for it to happen or don't know how many donkey years.

But I do see having to pay tax on that. Hence I am going to register myself and vote after all this while. Retirement is a long journey. Say another 10 years time, 10 years time govt tax may change (highly doubt it) or govt change can happen. No one expect BN to lose right?

I expect they are going to piss off lots of online seller with that tax. So anything can happen.

This post has been edited by Ramjade: Nov 1 2021, 09:20 PM

It's just dream. Unlikely will happen. Might try Portugal though. Cause if US people can retire to Portugal, why not.

Anyway I am ready to pay tax even though I am bitter about it.

Agreed, I have look at plenty of virtual banks, basically no way to open account. Only way is fly to that country and open account. That also not confirm can get.

This post has been edited by Ramjade: Nov 5 2021, 02:38 PM

You do use crypto for paying. That's just silly.
https://www.marketwatch.com/story/bitcoin-p...pto-11621714395

I don't trust crypto.

No la. I have borderless and never get any invite.

No. It's account where you can received and send foreign currency like a local in that country. You will even have a virtual bank account with your own account number.

Most likely. But if you want to confirm, check and see if you have banks cciunt inside wise or not. If you can view your bank account, it is confirm you have borderless account.

Thanks. I am not remitting my money back. All the more reasons for me not to bring my money back to Malaysia.
elea88 now you can plan ahead.
Hansel well bro, now it's confirm. For incoming remittance.

This post has been edited by Ramjade: Nov 16 2021, 08:56 PM

I found out that I don't need to depend on EPF or asnb anymore. I can generate basically min double what they give me every year without fail. Even more so know with my options.

Actually asnb is good as in local income. But yoy declining is a "bad dividend counter". Lol.

Wait. If we never bring money back, need to fill up the section under other income?

Cause I understand it will only be taxed if we bring back.

This post has been edited by Ramjade: Nov 19 2021, 05:11 PM

https://drive.google.com/file/d/1c0rWG2PHbr...Ep4cnKNT9zuAa2g
TOS, Hansel, prophetjul, tadashi987, elea88
Govt goint to get access to bank account without notifying us before hand from my understanding.

This post has been edited by Ramjade: Dec 9 2021, 11:32 AM

You cannot hide if you are normal person. Why? All brokerage will ask for TIN. By asking for TIN that's your automatic tax exchange.
Well unless you have private banking, able to do stuff like Jho Low then yes you can hide your money

Maxmoney, kl remit, spectrum Forex.