【FOREIGN SOURCED INCOME: TAX OR NO TAX?】

Are you in Malaysia, receiving income from outside of Malaysia? 

#ForeignSourcedIncome #FSIExemption #DTAs
SIGN UP NOW TO DECODE MORE ！

FREE TAX WEBINAR

Platform : Zoom 
Date & Time:
  19/9/23 (Tuesday) @2.30 PM
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What is Foreign Sourced Income?

 With increasing globalization, it is becoming more common for people to earn income from sources outside of Malaysia. Therefore, it is essential to have a clear understanding of how foreign source income is taxed in Malaysia.

Foreign sourced income is any income earned by an individual or business from sources outside of Malaysia. This includes income earned from employment, business, investments, or any other sources located outside of Malaysia. In Malaysia, foreign source income is generally taxable, and taxpayers are required to report it to the IRB and pay taxes on it accordingly.

Tax rate on foreign sourced income in Malaysia varies depending on various factors:
   - type of income earned 
- the amount earned
 - the taxpayer's residency status 

Who is Taxable on Foreign Sourced Income in Malaysia?

In Malaysia, tax is imposed on income derived from sources within or outside Malaysia for residents and on income derived from sources within Malaysia for non-residents. IF you are a resident of Malaysia, you are required to pay tax on your worldwide income, including income earned from foreign sources. A resident is defined as an individual who has stayed in Malaysia for 182 days or more in a calendar year.

On the other hand, non-residents are only taxed on their income derived from sources within Malaysia. This means that if you are a non-resident earning income from a foreign source, you are not required to pay tax on that income in Malaysia.

HOWEVER, there are certain exemptions available for foreign source income in Malaysia. As mentioned earlier, taxpayers may be eligible for tax exemptions under Double Tax Agreement (DTAs) between Malaysia and other countries. DTAs ensure that taxpayers are not taxed twice on the same income in both Malaysia and the country where the income is sourced from.

缴税是一种义务，
也是一种知识，
你认同吗？

大多数老板都只注重生意有没有赚钱，利润多不多，很少放心思在“税务”。
老板，你知道缴税的好处吗?

(什么?! 缴税给政府，有好处? 大家都要少缴税，你要我多缴税?）

不是，我是要你“精准缴税”，意思是只缴付你应当缴付的税务。

那么，精准缴税的好处是？
- 容易向银行贷款 (因为你有漂亮的账目）
- 企业增值 (你公司的利润给你的生意带来更高的估值）
- 企业扩展 （吸引投资者）

当然，最重要的是即使被税收局盯上，你也可以堂堂正正的面对。

Benefits from this webinar：

  • ​Discover the conditions that'll allow you to exempt TAX on your FOREIGN SOURCED INCOME
  • ​Tax planning strategies
  • Live Q&A sessions

IF YOU MISS THIS WEBINAR, YOU MIGHT:

  • fail to comply with tax regulations which results to penalties, fines, and even legal action
  • ​fail to follow up on the tax updates which might put businesses at a disadvantage compared to your competitors
  • ​pay for double taxation

WHO SHOULD JOIN? 

  • BUSINESS OWNERS (that have operations or clients outside of Malaysia)
  • ​Any individuals that invested overseas
  • ​Digital nomads

Speaker Profile

Zen Chow
YYC Tax Practice Leader

  • Licensed Tax Agent certified by the Inland Revenue Board (IRBM) and Ministry of Finance (MOF)
  • Licensed GST Tax Agent by the Royal Malaysian Customs Department (RMCD) and Ministry of Finance
  • Member (Chartered Accountant) of the Malaysian Institute of Accountants (MIA)
  • ​Fellow Member of the Chartered Tax Institute of Malaysia (CTIM) and Chairman of the Public Practice Committee
  • ​HRDC Malaysia Certified Qualified Consultant and Trainer
  • ​He has been involved in tax compliance and tax advisory works for more than 17 years in various industries ranging from manufacturing, trading (retail & business services), franchisor/ licensor, education, investment holding, investment dealing, forestation, agriculture, foundation, association, and trade union
  • ​Active in giving tax-related talks and seminars such as budget talks and tax update seminars
  • ​Frequently invited by media such as Bernama, TV2, 8TV, 988, BFM, Melody FM and AiFM to share on tax topics
  • ​Topics of expertise include company tax planning, personal tax planning, tax investigation, Malaysian annual budget analysis, latest tax developments, and other tax related topics
【 Foreign Sourced Income: Tax or No Tax?】
Free Tax Webinar
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