What did you end up doing with the ringgit after converting it? That's been a bit of a dilemma for me for quite a few years now…

Now that you mentioned it ... myr has already strengthened almost 9% this year. Anyone holding usd denom assets suffered a translation hit (less against AUD or SGD, maybe around 5%).
my only saving grace is that overseas equities have been performing well… though it still stings to see the stronger ringgit shave off a good chunk of returns.
if someone had bought usd/aud/sgd bonds, the myr rebound could easily eat up the yield... unless, of course, those yields compressed and the bond prices had mtm gains.

So the old question resurface again for the original headache... should we convert back to ringgit now? and then what to do with the ringgit after that? EPF topup isn't an option anymore.... headache...

you do know Trump 2nd term agenda right?

Bros,... pls be aware that starting from 2027 onwards, any foreign currency converted back to the MYR is classified as remitted back and becomes taxable according to a formula.

Hence, I would suggest that for local usages, use your local income to support the expenses. Leave the foreign income outside of Msia.

Thanks for head up. Nothing in the budget about it?🤔

Really ?...

Apologies for being ignorant,... when the budget was announced, I was struggling to start my car in Montenegro,.... ... Emm, perhaps they will launch this initiative as per announced earlier, no need to talk abt it anymore.

Bro,... I'm surprised you don't know abt this. Of all people,........

Thanks for the reminder...

luckily the gov extended the implementation to 2036... so we don't have to bother about this (individual taxpayers only) for a while....

plus, who knows what will happen during these 10 years... ie gov changes???


https://theedgemalaysia.com/node/730798

"The government has extended the exemption from individual income tax for foreign-sourced income for 10 years until Dec 31, 2036, as part of a slew of income tax exemptions and reliefs for individuals, Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim announced in his Budget 2025 speech on Friday"

now I am confused... the current 2026 budget mentioned this again?

oh yeah, you still in europe? man, been like 3 months travelling?

If you mean the old dividend tax, have been postponed. Nothing about foreign source income being tax yet in latest budget.

I just put them into EPF/FD/ASM/ASN/etc.

I still have some money in USD, current saving in USD and upcoming USD (if have any) won't be switching to MYR. Those will be my diversification in case MYR going to hell one day.

I foresee i won't be leaving Malaysia and will be here until i leave this world, the current setup / diversification seems quite good for me.

I somehow heard he wanted to make USD weaker?

This post has been edited by HolyCooler: Nov 13 2025, 06:00 AM

Maybank Global Access RM4.17 = $1.01
murah tak

Nope. Sunway money only 4.14

$1.01 wo not $1

Now can target to hit 1 million in EPF in USD 😆

I've been back in SG for a week-plus.

Emm,... I know what the PM said in the Budget Ann't in 2024 (your article in The Edge was dated Oct 2024), BUT there was a U-Turn at year-end in 2024. I had a long discussion on this somewhere in this forum. So,....... if nothing has been said in this year's Budget, then that U-Turn would be law come next year.

I stand corrected, forummers,... pls counter if possible,....

are you sure bro?

the standard should be whatever announced remained valid until new announcement. If what you claimed came after that, then only can it be consider to be accurate. (too many fake news and expert discussions... and the public tends to be too trusting without verifying). I completely am not aware of any uturn and did not find any articles after Oct 2024 to indicate the uturn did happen.

Would you mind pointing to where the u-turn was announced?

google returned nothing on the u-turn at all.


edit: btw, the dividend tax mentioned by ramjade is a separate matter right? that one is coming next year filing... 2% on any above 100K.

This post has been edited by Wedchar2912: Nov 13 2025, 01:42 PM

https://www.pwc.com/my/en/publications/mtb/...t-from-tax.html

Yes that's for dividend in Malaysia above 100k

Managed to find the discussion. It's in the 'SGX Counters' thread : https://forum.lowyat.net/topic/3727515/+6460

ah.... ok... browsed through the discussion... doesn't seem to indicate anything has changed since the extension granted as theedge article: https://theedgemalaysia.com/node/730798
(the discussion was in April onwards of 2025, this year).

So the extension by gov to 2036 remains valid... unless there are new announcement. (budget 2026 announcement already over rite?)

We only need to worry closer to 2036.

There was nothing in budget 2026 as far as I know la.

The extension was done by Tengku Zafrul, if not mistaken. Wonder this type of extension can suddenly be claw back, though I have no intention to move back the money, will only rely the local currency for local spending and foreign currencies for travel and hedging purposes.