Adsense income need to paid tax?? Seek 2ndopinion!!

Dear Lim
know what you are trying to said.There are many rules interpreted by IRB but not stated clearly in the tax law.Overseas online investment like forex/stock/hyip is tax exempted, even thought it is not taxed on the foreign country.Now some of them want to say adsense and internet incomes are taxable. (some did say no need)See, no rules here, just they interpretation. Any other view?

Dear XXX
Income remittance is no subject to malaysia tax, condition is that u must paid tax in foreign

for example if you work in sg, you declare u tax in sg, and the money remittance to malaysia is tax exempt, prior to that, you need to paid the tax under separate tax agreement.

in adsense or internet income, unless we recognise that is US source, meaning us already deduct our 30% witholding tax before payment (you shall know it you got adsense accounts, normally you choice not deduct ). the problem here , where is source of income? since you not ready to paid us tax( if you already withold the 30% then u are safe).

So you must paid malaysia tax, the content of the malaysia tax guilde not specific mention , wat is the definetely of income.??

The purpose of this amendment is encourage malaysian company toremittance back their profit back to malaysia. and shall not apply to the case like adsense income or other internet income, if you not sure , you can declare under the form BE or form B under income exempted , See the IRD will look for you or not? you then bring this statement to them, see how they response! They will ask the proof of paying tax!!!

look i shall put this into my blogs , hahaha

----- Original Message -----
From: XXX
To: Lim KW
Sent: Friday, November 10, 2006 1:55 PM
Subject: Re: Tax Planning

LimActually, I stand is gov is just trying hard to tax, but there are some grey areas in this regards.Source :

http://www.hasilnet.org.my/english/eng_NO2_1_1A.asp
Scope of Taxation "1. For Resident Individual A Resident individual is assessable on income derived from sources in Malaysia and income received in Malaysia from outside Malaysia. W.e.f. Y/A 2004 income remitted into Malaysia from overseas by a resident individual, a trust body, a cooperative and a Hindu Joint Family be exempted from income tax"So, overseas incomes like adsense or investment should be tax exempted too.

From: XXX
Sent: Friday, November 10, 2006 1:29 PM
Subject: Re: Tax Planning

What is your stand regarding incomes from internet and/or overseas?2) Is adsense incomes taxable?

It really exempted from tax for part time income?

Hi there! came across Your Blog and want to ask some information about Tax. I am an Freak online gamer in a MMORPG game which is World of Warcraft. [ i guess you sure know abt this game ]. I sell the Monthly Cards to ppl all round the world and i do sell in game items and coins as well. So my question is am i suppose to pay tax? My bank account have a few transactions every month from ppl round the world where they TT money to my bank account in Malaysia! As i am still new to this tax thing i need some advice on this! Hope to hear from you soon! thanks!

Regards,


Basically, this is idea online business we are looking ot. Does this kind of income need to paid tax? Recently received many comment said that income adsense or any form cyber income no need to paid tax. Yes if we didn’t declare it, at this movement Yes we no need to paid tax. But how to explain the banking transaction if the amounts is big (said 5k or 10 k each month and constantly). Doesn’t better declare under other income with business source, so that many expensive related to this can deduct as costs (telephone bill, power, entertainment, internet bills and so on) Tax avoidance compound is quit heavy in Malaysia. So better declare it.

If we argue that it is not income. Then what! Money loundry services we provide to third party?