Jun 4 2008, 04:34 PM
QUOTE(dreamer101 @ Jun 4 2008, 04:29 PM)
zeusu,
<<he transfers back to me,>>
1) I do not know in Malaysia whether a gift is taxable.
2) Just remit the money to yourself when ever that you are in Malaysia more than 180 days for a calendar year. For that year, you are a Malaysian Tax Resident.
3) If you are married and your wife is in Malaysia, remit to your wife.
Dreamer
P.S.: Tax law change regularly. So, to be safe, talk to an accountant. I could be wrong.
"Trust but verify".
First of all, I am not an accoutant nor tax auditor so my word could be wrong, but IRB never ever stated that 'gift' is non-taxable. So even you collect a Rm10 note by the roadside, it is considered as your INCOME which is taxable. <<he transfers back to me,>>
1) I do not know in Malaysia whether a gift is taxable.
2) Just remit the money to yourself when ever that you are in Malaysia more than 180 days for a calendar year. For that year, you are a Malaysian Tax Resident.
3) If you are married and your wife is in Malaysia, remit to your wife.
Dreamer
P.S.: Tax law change regularly. So, to be safe, talk to an accountant. I could be wrong.
"Trust but verify".
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