Mar 18 2008, 12:10 AM
QUOTE(Saigo @ Mar 17 2008, 09:05 PM)
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?
1) as long as u can proved it's foreign source income, then it's income exempted when u remit it back to Msia. pls trust the article which publish in the newspaper. 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?
2) partnership account is what u need to do.
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