Will i be taxed for current year if i move to Malaysia on 4th Nov

Post new topic

Farooqui84 New member

Member since 30 April 2021

Farooqui84New member30 April 2021 19:23:59

Hi,

I wanted to know whether i鈥檒l be taxed in Malaysia if I moved there after November 3 that means for the current year it would be less than 60 days Although I would be working in Malaysia for the next few years. If not, would I be taxed next year for current years earnings in case I am not taxed this year?

Regards,
Farooqui

Jk1976 Active member

Member since 05 January 2021

Jk1976Active member30 April 2021 20:20:08

Not sure about local taxation law, but in most countries you are taxable only for those months you've been s resident of that country. In other words, if you live in s country for two months, this being your fiscal residence, you pay taxes over those two months only.

Check with a local fiscal expert to be sure.

Farooqui84 New member

Member since 30 April 2021

Farooqui84New member01 May 2021 09:56:12

Thanks JK1976.
Can some one who is familiar with current local law help me out?
@cvco @gravita

Farooqui84 New member

Member since 30 April 2021

Farooqui84New member02 May 2021 08:13:12

As i read online regarding Malaysian tax details, if a person works for less than 60 days in a year, he is not liable to pay tax.

I want to confirm this only. That although in 2021, i will be there for less than 60 days but next year continuing from Jan to Dec i will be working for whole year. So would I be liable for tax for Nov-Dec 2021 period also?

Articles to help you in your expat project in Malaysia

The tax system in Malaysia
If you plan to move to Malaysia, you will need to consider several taxes and draw up a budget to get a better idea ...
Taxes in Malaysia
An individual is taxed on his chargeable income at graduated rates from 2 % to 30% after the deduction of tax ...
Year end tax checklist
As personal reliefs claim will reduce your chargeable income, it is a good time to check your qualifying tax ...
Driving in Malaysia
You are moving to Malaysia and want to drive for work or travel there? Follow our guide!
Kuala Lumpur's neighbourhoods
Kuala Lumpur is a real megalopolis, surrounded by suburbs and neighborhoods so different from each other that they ...
Internships in Malaysia
Are you a student or recent graduate who wishes to develop your expertise while experiencing a work environment ...
Buying property in Kuala Lumpur
When you plan to move to another country or another city, your first concern is undoubtedly where you are going to ...
Expat death in Malaysia
The loss of a loved one is always a painful ordeal, but also often complicated for those left behind, especially ...