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 Working Remotely for Foreign Based Company, Web Developer

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kidmad
post Aug 26 2022, 10:09 AM

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QUOTE(Shrayder @ Aug 26 2022, 09:39 AM)
Hi,

While going through some job platforms, I stumbled upon some remote job ads that are from foreign based company such as in UK, Germany etc etc. Looking at their 6 figure annual salary after conversion made me want to jump from my current stable job.

What are the things I need to know before applying? How do the taxes work? Are there anyone who currently work remotely with a foreign based company can give their 2 cents.

I'm a web developer with software engineer background.
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big mnc's would most likely have some local entity here in malaysia. you will most likely have some outsource HR taking care of your tax etc. Hence you will still be getting your salary like how you would be getting from a local company. Also bare in mind some will be paying you in USD/Euro and some would be in MYR. There's always pro and cons to it.

Just a quick example Euro is now at the level of USD if i am paid in Euro i'll most likely be losing close to 1/5 of my salary after converting to ringgit.

 

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