The exchange rate is better if we carry cash back to Msia to chg and yeah,... I know what ou are talking abt,....

Emm,..........BUT,............ when you convert at the money-changer, he will take down your identification details too. Do they tally later between BNM and LHDN ??????????
Now I have opened-up another exposure for the powers-to-be to follow-up on.

But they will know sooner or later-lar,... so,... never mind, can mention here first !

It's better to exchange SGD into MYR (means getting a better exchange rate) at a Msian money-changer than at an SG money-changer, right, bros ?

are these SGX traded stocks? if one does a stocks transfer back to Moomoo Malaysia, will there be taxation?

keyword here (for on-topic compliance is), forex will be done within Moomoo MY rather than Malaysia money changers (all amount have to be registered already. no more RM5k loophole). and no more substandard conversion to MYR with sg money changersWedchar2912 was also asking you the same stuff too

This post has been edited by Medufsaid: Nov 16 2025, 11:45 PM

Hi bro,... emm,.. if possible, kindly ask again the above questions at my thread : SGX Counters.

I'll reply there,.... Some parties here are hardpressed on good housekeeping.

By the way, if you are receiving your dividend in Msia from a foreign issuer, the exchange rate used will follow that platform's exchange rate - no question abt it ! So,... good rate or bad rate,... can't do anything abt it.

I was wondering for the US dividend, we are already taxed. Are we going to get tax if we are wiring the money back here? Wouldn't this already double taxation?

In theory, such dividends would be subjected to tax until you can prove otherwise based on the gazetted conditions in the 'FSI Remitted-Back Act'.

Coming in 2036. In the meantime chill.

This post has been edited by Ramjade: Nov 19 2025, 06:52 PM

Actually it's more towards the spirit of taxation. It's like if you are working in Singapore and tax resident there, doesn't make sense when you transfer the money back here in Malaysia and then get taxed by the Malaysian government just for changing into MYR, right? So the same like dividend income already taxed at that country, why tax again just by remitting it back?

Honestly, worrying about the tax on remittances in 10 years time might not even be the most important thing to stress over.
If really want to use the brain cells productively, focus on the bigger swing that is actually usdmyr itself.

Take today’s rate... around 4.16.

Over 10 years, 3 out of many realistic/possible scenarios:
a) if usdmyr strengthens to 5.0
=> your usd stash gets a +20% fx boost before investment returns even enter the picture.
b) If usdmyr drops to 3.0
=> effectively lost ~28% in ringgit terms just by holding your funds overseas too long.
c) If usdmyr static
=> remit back just before 2036 lor...

Compared to these FX swings, the remittance tax issue is… honestly small potatoes.
FX alone can dwarf whatever tax the government eventually implements.

hence long-term USD/MYR direction might be the more meaningful thing to ponder, even though nobody ever got it right....

This post has been edited by Wedchar2912: Nov 20 2025, 12:21 PM

Emmm,... actually there is one thing I need to clarify here. Which one is it ?

1) FSI remitted-back starts to be taxed from 2036 ?........ or,.........

2) Whatever FSI remitted-back from 2026 till 2036 will be counted and then taxed in YA2036, to be declared in 2037 ?


The earlier arrangement was : Whatever FSI remitted-back from 2021 till 2026 will be counted and then taxed in YA2026, to be declared in 2027.

Our local income will hedge against the possibility of USD weakening vs the MYR. No need to fret there. Whatever we have in the EPF will hedge against the MYR strengthening too.

Our overseas income must be 'planted' into foreign instruments which are, generally, more lucrative. Not into FDs.

If they start counting the tax FROM 2036, then yeah,... the sentence in bold above is applicable.

Yes bro,... the above is one argument.

I have another argument against taxation on foreign remittance : whatever we sent out earlier has already been taxed and so, if we are remitting back whatever we sent out earlier, why shld we get taxed AGAIN ?

We can say multiple reasons on why taxation against foreign-remittance is unfair,...... BUT well, the powers-to-be do not think so. Actually,.. it's good that people shld be encouraged to remit back, which will strengthen the Ringgit further. Why the need to impose taxes on foreign remittance ?

Regarding your statement (bolded), could I check where this idea came from? This is actually the first time I’m hearing it, so it’s possible I may have missed something during the COVID period.

Can share any articles or sources that describe this treatment, would appreciate it. This would be quite unusual for individual income tax treatment. (maybe companies or partnerships are common, so maybe it’s possible there...but for individuals it seems unlikely.)

It is equivalent to one owning money to lhdn for a few years and settle after such years...

Tks for replying, bro,... I'll check and revert when time permits. That was the arrangement before the FinMin 'extended to 2036' in the budget ann't last year, ie Budget 2025. In the ann't this year, which is for Budget 2026, he remained silent abt this matter.

Starting 2036 foreign sources income will be tax. How? Don't know yet.

even this date may not be cast in stone... even if it is cast in stone, someone can chisel away at the date... just saying...

fsi is already taxable... check form b/be guide for details...

fsi exemption only if income or withholding tax has been paid...

exchange rate to use follow bank negara data...

Got meh? They only ask you if you got overseas account.

This post has been edited by Ramjade: Nov 21 2025, 02:48 PM

are you refering to income sourced overseas and received in Malaysia, or the FSI where it is not remitted to Malaysia? for individual BE filing....

maybe can screenshot where in the be guide that clarifies what you claimed? this will definitely answer Hansel's question.

This post has been edited by Wedchar2912: Nov 21 2025, 02:24 PM

Not sure if this document help - from lhdn
5.1.4 Foreign income received in Malaysia that has been taxed by other jurisdictions either through withholding tax or income tax, are eligible for bilateral or unilateral tax credit under the provisions of sections 132 and 133 of the ITA 1967.
5.2.2.1 All foreign income other than partnership income received
in Malaysia by a resident individual from 1 January 2022 until 31 December 2026 is exempt from tax provided the income has been subjected to tax in the country of origin.

This policy then got extended to 31st December 2036 during budget 2025.
source from The Edge