Do we have to pay capital gain tax for oversea shares trading in US stock exchange via foreign brokers like eToro, IB, etc?

My brother-in-law asked me, he thought I know since I trade Malaysian stock market. As far as I know, for malaysian listed stock, there is no capital gain tax (yet?), if I m right.

But for overseas shares say Tesla, Meta etc, he bought in 2022, then he sold all in 2024. So he has to pay the capital gain? I think no right?

But I do not dare to advise him. So anyone here knows?

What about Maybank etc that allow us to buy US stock?

Follow

i also want to know. (Parking)

https://www.pwc.com/my/en/issues/capital-ga...ject%20to%20CGT.

Well, the first sentence already say individuals are NOT subject to capital gains tax la

Nice! Thanks!

Hope PMX dont change this next year!

Idk how can he miss the 30% tax part

What do you mean? Where? Can you please clarify?

30% tax is dividend, bang.

He most likely refers to the 30% dividend withholding tax.

https://www.hasil.gov.my/media/nbwloyo2/kom...gt-09022024.pdf

This document clearly shows the answer:

Question 10

Is this CGT applicable to companies only? what about
individual (Malaysian tax resident/foreigner)?

From 1.1.2024, CGT will apply to companies, limited
liability partnerships, trusts and cooperatives only.



Everyone concerns please read the document and share your findings here!

I understand theres a plan to put tax on foreign income and dividend by 2026? Theres many countries that will charge up to 40% on that income.

I recall W8-BEN is really only for declarations of tax residence - specifically targeting US residents and US citizens - which you should have already done before purchasing the shares in the first place?