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tax for oversea trading /dividend, its become more complicated
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wotvr
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 Nov 19 2021, 09:46 AM
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Getting Started
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QUOTE(ozak @ Nov 16 2021, 07:20 PM) I have a foreign debit Visa card and if I take cash from ATM here, do I need to declare? or buy something here. QUOTE(dwRK @ Nov 16 2021, 10:31 PM) atm cash is remittance lah in a way local purchases... imho can argue not remittance or money received locally... but who knows idiots at MOF what they thinking I think shouldn't be an issue. I don't think they are able to enforce anything on foreign banks. I don't think we are able to trace the from the numerous foreign bank card ATM withdrawals here in Malaysia. |
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wotvr
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Nov 19 2021, 10:10 AM
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Getting Started
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QUOTE(ozak @ Nov 19 2021, 10:01 AM) Sure bo?  Like that I can bring back hundred k back.  Not very sure for large amts like that. You may consider to check with a tax consultant. The foreign bank like those in SG might report your behavior to authorities in SG and MY. |
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wotvr
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Nov 19 2021, 12:35 PM
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Getting Started
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QUOTE(dwRK @ Nov 19 2021, 12:09 PM) it's up to you to report... IRB don't do any tracing... as long as you don't give them a reason to audit, don't kena random audit, if audit you lucky they don't ask for foreign bank statements, then can continue push your luck evading lor... just make sure nobody knows or nobody whistle blow you to IRB... hahaha Actually I just come across this article. "IRB explained that after the expiration of the special programme, it would review and scrutinise the income information of Malaysian residents kept abroad received through tax information exchange agreements with other countries. “If based on the review, it is found that income kept abroad originating from Malaysia has not been declared, additional assessment can be raised along with penalties under the Income Tax Act 1967,” read the statement." https://www.theedgemarkets.com/article/irb-...ysian-residents |
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