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Malaysian Warriors - Tax Questions

by fattysolo
4 replies
I wish to know if you declare your income from IM with LHDN (Inland Revenue.)

Are the income taxable?
But if the income made from IM is not stable, how do you declare it?

What are the difference if I register a company name and made all IM activities using the company name vs everything using my personal name?

Please assist.
#malaysian #questions #tax #warriors
  • Profile picture of the author fattysolo
    Sorry, I'm replying this post to bump it up. Really need some ideas...
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    • Profile picture of the author Steve Sanchez
      Well first off I looked at your profile and there is no location.

      Every county has it's own tax laws.

      You need to be more specific about which countries laws you're asking about.

      As a general rule all income is taxable.

      If you don't claim income then you don't get the benefits of qualifying for credit etc.
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  • Profile picture of the author fattysolo
    Sorry Steve! Don't find where I can change that in my profile. My county is in the subject line actually. Malaysia.

    Malaysia - Wikipedia, the free encyclopedia

    Thanks
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  • Profile picture of the author Melvin Ng
    Check with your tax agent, and if you don't have one, then find one.

    PS: Personally I do declare my income.
    Signature

    I've nothing to PimP

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