It is the time of the year again where all Malaysian are busy filing up their income tax to the Income Revenue Board. It is pretty confusing when doing taxes as all this while I have someone to do it for me. The taxable income depends on the following;
1) A resident or non resident. Refer to this to get more details
http://www.um.edu.my/doc/File/administration/staff_benefits/incometaxlocal.pdf
2) The income you receive is from a service you working for a company in Malaysia or overseas.
As I have read from the article I found on Google, if you are a non resident and your income is obtain from overseas, then you are not taxable. If you are non-resident and your income are from a Malaysian company then you are taxable with a different rate compare to resident. If you are resident, well you can't escape to pay tax.
In addition, if you are non resident working at overseas and planning to buy a property, it is advise to do so while you are at overseas and non while you return back to Malaysia as resident this is to reduce the complexity of you having to explain the grandmother story to IRB. Got this from some forum.
As for those leaving Malaysia for work, please and please fill in CP21 form! I know some people did not do it but it is a must!
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