Outline ·
[ Standard ] ·
Linear+
Taxable income for individuals, businesses
|
Saigo
|
 Mar 17 2008, 09:05 PM
|
|
QUOTE Foreign source income remitted into Malaysia are exempted from tax. I have several questions regarding this: 1) I've been getting conflicting answers on the Internet about this particular issue, can people double confirm it to be true? I am currently receiving a combination of US cheques and wire transfers remitted to me from the US via ad sales. Are these foreign-sourced income taxable? 2) Also, I am splitting the money half with my other partner in the sales - how exactly do I go about reporting it to the IRB? |
|
|
|
|
|
Saigo
|
Mar 19 2008, 08:04 PM
|
|
|
Ah, thanks for the replies! That seemed to clear up doubts about the exemption.
I don't understand though what you guys meant by partnership account or appropriation account. Are these accounts in the banks or.. are they related to the IRB?
|
|
|
|
|
|
Saigo
|
Mar 20 2008, 01:05 AM
|
|
|
QUOTE(kuntaker @ Mar 19 2008, 08:34 PM) erm the partnership account or appropriation account is made by ur own partnership business.. u can see how much profit u gain from ur investment to the partnership , becoz partnership is non taxable thats y the income receive by individual will be taxable..^^ But my ad sales currently isn't a business of any kind. Should I start setting up a partnership first before declaring my income? |
|
|
|
|
|
Saigo
|
Apr 1 2008, 03:18 PM
|
|
|
Any idea if there are tax enquiry counters in shopping malls yet?
|
|
|
|
|
|
Saigo
|
Apr 1 2008, 08:37 PM
|
|
|
QUOTE(happy4ever @ Apr 1 2008, 06:05 PM) I've seen one in Summit USJ ground floor, last sunday. Otherwise, just go to LHDN office in Kelana Jaya, Menara LG tower 1 Ah, I see. Thanks, that helps a lot! |
|
|
|
|
Quote
0.0128sec
0.63
6 queries
GZIP Disabled