QUOTE(MilesAndMore @ May 15 2009, 01:37 AM)
No. Overseas income is not subjected to tax here in Malaysia. But i believe you will have to declare it to Lembaga Hasil Dalam Negeri (LHDN) but you will NOT be charged a cent.
It used to be you have to declare if you repatriate overseas income back to Malaysia. But if I remember correctly, they've change the tax laws to do away with that requirement. No tax, no need to declare.
You still have to declare under Bank Negara's foreign remittances regulations however, but I think that's only for sums above RM100K.
This post has been edited by seantang: May 15 2009, 09:52 AM
May 15 2009, 09:51 AM
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