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 USD/MYR and SGD/MYR

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jasontoh
post Nov 14 2025, 08:23 AM

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QUOTE(Wedchar2912 @ Nov 12 2025, 11:56 PM)
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"
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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.
jasontoh
post Nov 19 2025, 01:08 PM

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QUOTE(Hansel @ Nov 16 2025, 11:59 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.  biggrin.gif
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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?
jasontoh
post Nov 20 2025, 10:49 AM

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QUOTE(Hansel @ Nov 19 2025, 03:36 PM)
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'.
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QUOTE(Medufsaid @ Nov 19 2025, 06:12 PM)
if you are afraid just stocks transfer to a local brokerage like webull or moomoo malaysia
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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?

 

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