Tax Exemption on Foreign Dividend Income Received in Malaysia: Requirements and Conditions
Summary: The Malaysian government removed the tax exemption for foreign-sourced income (FSI) received by Malaysian residents on January 1, 2022, except for foreign dividend income received in Malaysia by a resident company, resident LLP and resident individual in relation to a partnership business in Malaysia. However, an additional requirement was announced on December 29, 2022, […]
Changes to Tax Exemption for Foreign-Sourced Dividend Income in Malaysia
Summary: This article discusses the removal of tax exemption for foreign-sourced income received by Malaysian residents, effective January 1, 2022, as well as the new conditions for tax exemption on foreign dividend income received in Malaysia. The article also covers the additional requirement for tax exemption announced by the Malaysian Inland Revenue Board on December […]
New Requirements for Tax Exemption on Foreign Dividend Income in Malaysia
Effective 1 January 2022, the tax exemption for foreign-sourced income (“FSI”) received by Malaysian residents provided for under Para 28 was removed following the Budget 2022 made on 29 October 2021. Hence, Foreign Income received in Malaysia which is eligible for the tax exemptions are as follows: The exemption in paragraph 1.4(a) does not apply […]
“Economic Substantive”: Amendments to the tax return may be required if the taxpayer fails to comply
Effective 1 January 2022, the tax exemption for foreign-sourced income (“FSI”) received by Malaysian residents provided for under Para 28 was removed following the Budget 2022 made on 29 October 2021. On December 29, 2022, the Malaysian Inland Revenue Board (IRB) issued a press release (available only in Bahasa Malaysia) announcing an additional requirement for […]
Four-day Break due to Additional Public Holiday for Hari Raya Aidilfitri
How is Hari Raya Aidilfitri celebrated in Malaysia? Hari Raya Aidilfitri is a public holiday in Malaysia. It is a time when Muslims celebrate the end of Ramadan, the holy month of fasting. During Hari Raya Aidilfitri, Muslims visit their families and friends, seek forgiveness, and perform special prayers. It is also a time for […]
RPGT: A Comprehensive Guide to Real Property Gains Tax in Malaysia
Real Property Gains Tax (RPGT) is a tax that Malaysian individuals and companies must pay on the sale of their real estate property. While the tax number used for RPGT is the same as the one used for filing income tax returns, there are specific forms and regulations that need to be followed for RPGT. […]
Economic Substance Requirements for Foreign Dividend Income
On December 29, 2022, the Malaysian Inland Revenue Board (IRB) issued a press release (available only in Bahasa Malaysia) announcing an additional requirement for tax exemption on foreign-source dividend income received in Malaysia by eligible persons. In accordance with this additional requirement, amendments have been made to the Guidelines for tax treatment in relation to […]
Can an employer vary the terms of an employment contract?
Hello, I am Mr. Chin from CCS and thank you for watching this AI-created video clip, “Can an employer vary the terms of an employment contract?” Introduction: Contracts are essential for conducting business and entering into any legal agreement. Contracts can be hard to understand, and you must pay close attention to the details to […]
租金收入应该要怎样报税?
大家好，欢迎观由 CCS 所准备的关于“如何向马来西亚内陆税收局申报2022年租金收入”的视频。 拥有出租物业，对一般人来说属于是一个很好的投资机会，但了解随之而来的所得税法也是很重要的。 在马来西亚，租金收入是需要纳税的，必须向马来西亚税务局申报。 租金收入同时适用于住宅和商业地产。 因此，如果你在马来西亚是一名房东，你需要知道的是，向内陆税收局申报租金收入是必要的。 在这段视频中，我们将告诉你在向内陆税收局申报你的租金收入前，你该做些什么准备以避免法律上的麻烦，并确保你履行了作为一个房东所需要承担的责任。 首先，你必须先鉴定你是否有责任申报租金收入。如果你拥有的房产能产生净租金收入 (Net Rental Income)，你必须向税收局申报你的租金收入。 然而，如果你的年度总租金收入不足以支付你的租金相关费用，在这种情况下，这意味着你正在遭受净租金损失(Net Rental Loss)；那么，你是不需要承担任何税款的。 一旦你有了申报的责任，下一步就是向税收局登记为纳税人，如果你之前还没有个人所得税的识别号码 (TIN)。 你可以在网上注册你的个人所得税档案识别号码。 之后，你需要准备你的租金收入报表，这是一份显示你在这一年中赚取多少租金收入的文件。 你的租金收入报表应该包括物业出租的期间，所收取的租金数额，以及你因为出租此物业而需要支付的任何费用等信息。 我相信你现在一定很想知道，究竟有哪些费用你是可以从你的租金总收入中扣除的吧？ 一般来说，你可以从你的租金总收入中扣除以下费用： 贷款利息： 如果你的物业是通过贷款购买的，你可以从你的租金收入中扣除贷款利息。请记住，可扣除的费用是利息，而不是分期付款。 门牌税和地税：为物业而向地方政府支付的门牌税和地税可以被扣除。 保险费：为保护物业而支付的火灾或盗窃保险费可以扣除。 房产中介的佣金： 如果你聘请房产中介为你的物业寻找租户，支付给中介的佣金可以扣除。 广告费： 你可以扣除为出租物业所做的广告费用，如：印刷小册子，在报纸或网站上刊登广告。 律师费： 为准备租赁协议或任何其他与物业相关的文件而产生的律师费用可以扣除。 物业维护费用： 你可以扣除为保持物业良好状态而花的费用，如：油漆、水管、电气维修、害虫防治等。 为了能够从租金中万无一失的扣除，所有上述的费用，你必须进行适当的记录及保存。 应该注意的是，不是所有的费用都可以从租金中扣除。 首先，只有与物业直接相关的费用才可以扣除。 个人开支，如电话费、出差费等是不能扣除的。 第二，在物业没有出租的期间，你不能扣除与之相关的费用。 第三，为取得第一个租户而产生的费用，也被称为初始费用，如广告费、租赁协议的律师费、房产中介佣金等，是不能扣除的。 一旦你准备好你的租金收入报表，你就可以向着手申报个人所得税了。 总而言之，向内陆税收局申报租金收入是每个马来西亚房东所无法避开的。按照本视频中的步骤，你可以确保履行房东的义务，当面对税务审计时，也可以从容面对。 如果你有任何问题或需要进一步的协助，请联系内陆税收局或咨询税务专家。 谢谢你的观看，我们希望这个视频对你有帮助。 Hello, I am Mr. Chin from CCS and welcome to our […]
Guide to Declaring Rental Income to the Inland Revenue Board of Malaysia for 2022
Hello, I am Mr. Chin from CCS and welcome to our video on declaring your rental income to the Inland Revenue Board of Malaysia (IRB) for 2022. Owning a rental property can be a great investment opportunity, but it’s important to understand the income tax laws that come with it. In Malaysia, rental income is […]
