Q & ACategory: Othersincome driven from out of malaysia
deric asked 2 months ago

Hi KC, 
  I would like to know if income not driven in malaysia is taxable by the malaysia goverment, i have a source of income that is driven from US (online platform like amazon and etc) payment is sent into my paypal account. but if i transfer it back to malaysia, would i be at risk of getting call up by lhdn for not declaring tax?
is there a course to learn about this?
thank you.

1 Answers
KCLau Staff answered 2 months ago

Hi Deric,
When you are residing in Malaysia, even if you conduct your business overseas and make a profit, it is taxable in Malaysia. But if you stay overseas, all your foreign income is not required to report to IRB.