Home / Malaysia Business & Finance Law / Tax Law

(modified times) 1

RE:Is foreign income taxable? (modified 0 times) jcboy hi candyoff, finally i got the answer from irb and you could write me or call me at +6016-9297562 for further clarification. See Ya! 14 Feb, 2007 21:01:52

RE:Is foreign income taxable? (modified 0 times) nopnopnopn phil_ab try to ask another person from IRB or look for tax related book. I once read a topic which has similar case as yours. The book warned about it. Try to shop for it in MPH cheers 14 Feb, 2007 22:58:21

RE:Is foreign income taxable? (modified 0 times) Inspector Hi phil_ab, Why bother so much about Income Tax problem, after you had been taxed? To get out of the country or come visit or work again is none of Income Tax Department's business, if you had paid your tax while working there. You went to the wrong Department. You should go to Immigration Department, if you are talking about "Stay". Illegal Immigrants from Philippines and Indonesia get in and out of East Malaysia Freely at anytime they like without paying tax. So think of it as a silly joke if you are social-responsible enough to "Beg" the Inland Revenue Department to Tax You! 20 Feb, 2007 23:29:49

RE:Is foreign income taxable? (modified 0 times) goldwing what is the limit if i want to receive money via TT in one day? im using maybank2u and cimb..which one is better? 05 May, 2007 12:11:36

RE:Is foreign income taxable? (modified 0 times) josh hi, I think your accountant was right, foreign income is not taxable. It was assumed you have paid the tax in your foreign part of country. Malaysia company tax rate is 27%, look for off shore country which is 'Zero" % tax(eg Labaun), then you may be not liable to declare any tax in Malaysia, since off shore country have cheaper rate of tax or zero tax and you have declared over there. Tax evation is a an offence. josh 01 Aug, 2007 22:25:35

RE:Is foreign income taxable? (modified 0 times) Karen Hello i know there's alot of confusion here. You may wish to speak to an officer in Bahagian Teknikal of IRB and get the clarification straight. Basically, in the absence of a permanent esablishment in the UK, the IRB may view that this income is derived from Malaysia and hence subject to tax in Malaysia. I believe u do not conclude sales etc in the UK? if you are not taxable in the UK then i would think the IRB may tax that income inMalaysia. But then again, calling Bahagian Teknikal and get it cleared is the best. You may wish to even write in to them and tell them the entire situation (you can write in english la!)...it will probably take them 2-3 months to revert with a written clarifications. SO written is better than verbal right? First thing first...call the IRB Bahagian Teknikal. General line is 03-6209 1000. good luck 24 Nov, 2007 20:57:37

RE:Is foreign income taxable? (modified 0 times) stone Under double tax treaty, tax had been paid in UK will not be taxed in Malaysia and vice versa. "commission" is part of Income in the interpretation of IRB therefore you have to declare the income. Foreign source income remitted to Malaysia will not be taxed if you have already paid tax in overseas. 25 Nov, 2007 12:46:56

RE:Is foreign income taxable? (modified 0 times) whatever thanks for all the reply. Any accountant that can leave your phone number here? Thanks 25 Nov, 2007 17:53:03

RE: Is affiliate comission taxable? (modified 0 times) IRB Tak Reply Wow! Great discussion here. I've been searching for answers for long time over the internet too. Couldn't find any. I am a Malaysian earning affiliate commission and ad sales from the U.S. for the past few years. About few years ago, I wrote to IRB (email) and receive no reply. I called them and they cannot give me a direct answer - They answered kalau, kalau, kalau ... even after I've told them my actual situation. It's really frustrating. I did once told myself out of anger that no answer from IRB means no tax payment but in the end I did submit my Form B while lots of my friends do not. Anywhere, thanks for all the great info too. 27 Nov, 2007 13:53:34

RE:Is foreign income taxable? (modified 0 times) bonuslinking IRB Tak Reply: drop me an email at " bonuslinking @ easy.com " I withdraw my affiliate earning through ATM, and have no idea how am i going to fill Form B. Thanks 27 Nov, 2007 14:15:01

RE:Is foreign income taxable? (modified 0 times) IRB Tak Reply Did you try to call jcboy? I don't think my situation is the same as yours since I did set up a company (sole prop) to run the internet business. I can deduct office rental, electricity, server/hosting, advertising, telephone and internet/broadband and etc. charges. In the Form B, there is also a Pelepasan in Bahagian D of RM8,000 (automatic). I fill in the amount earn from the affiliate programs in C1 and all business deductions in M16 and M23 and deduct the pelepasan/rebate. It's that simple. Yours is most probably a home-based sort of business. I am not sure if there are any rules or laws governing home-based business in Malaysia. Home-based business comes with it's own issue - deductions. In my opinion, in order to qualify as a home office deduction, you must first prove that the home office is a qualifying home office. You should have a phone line or internet account exclusively for home business use to qualify for deduction, you better confirm with IRB Lots of deductions are abused deductions. In the US for example, first home phone line is not a permissible deduction. I am not aware of such rule in Malaysia. 05 Dec, 2007 17:36:56

RE:Is foreign income taxable? (modified 0 times) IRB Tak Reply Hi Bonuslinking, By the way, it doesn't matter how you withdraw the money. It is how much money is deposited into your account, be it via telegraphic transfer/wire or U.S. checks deposited into your account in Malaysia. 05 Dec, 2007 17:41:37

RE:Is foreign income taxable? (modified 0 times) BonusLinking Thanks for the reply. Will check out with IRB about deduction. Do drop me an email if you have time. Thanks 05 Dec, 2007 17:45:02

RE:Is foreign income taxable? (modified 0 times) mag3ster hi there, i have a question regarding this topic as well. for me, i have been employed by a singaporean company, with my pay being paid into a singaporean bank account. i will be based in malaysia, servicing my employer's customers in malaysia and this region. i will definitely be here for more then the 60 days limit. from singapore's tax department's perspective, i will need to pay tax in singapore as my employer is a singaporean company. what about malaysia's perspective? will i get taxed? thanks 11 Jan, 2008 21:26:06

Disclaimer - Please Read Carefully

These Bulletin Board pages are intended as a public service primarily to allow non-lawyers and lawyers to share experiences and opinions with other non-lawyers and lawyers. They are NOT intended to be a source of advertising, solicitation, legal advice, self-promotion or disparagement. Lawyerment assumes absolutely no responsibility for postings or their content. Visitors may post questions, comments and replies without prior review by Lawyerment, but we reserve the right to delete any postings (in whole or in part) for any reason at any time.
However, the fact that a posting remains on site NEVER means that it has been approved or endorsed by Lawyerment. By making a posting you are agreeing that the material you post becomes the property of Lawyerment. Lawyerment is a unit of Magnificent Communication. Visitors should exercise great caution when reading this (or any other) Bulletin Board. Be aware that those who post messages may not be who they claim to be. Never to rely on any advice in legal matters except from an attorney you have retained to represent you and your interests. To locate and retain an attorney we suggest you visit our Lawyerment Lawyers' Directory.
Click here to visit Lawyerment.com.my for 1000's of answers to legal questions. Please read our Privacy Policy and Disclaimer & Conditions Of Use.
Copyright © 1999-2007 Lawyerment.com. All rights reserved