Comments on: My Tax Estimator https://ringgitfreedom.com/resources/my-tax-estimator/ step-by-step towards financial freedom in Malaysia Sat, 08 Mar 2025 03:20:10 +0000 hourly 1 https://wordpress.org/?v=6.6.2 By: Gracie https://ringgitfreedom.com/resources/my-tax-estimator/#comment-831 Mon, 29 Apr 2024 14:01:00 +0000 http://ringgitfreedom.com/?page_id=5739#comment-831 In reply to kev.

Hi Kev,

Very good question - so far I hasn't brought any income back into the country as my intention right now focuses on building wealth. With the upcoming changes to treatment of foreign-sourced income there will definitely be impact, at least for overseas dividends received in Malaysia after 2026 I believe.

Frankly, I haven't researched too much into this topic as you can understand the political landscape nowadays will change up, left, down and centre every other year so who knows what the Government will cook again by the time 2026 hits us. One useful article I managed to find is from Tax Consultancy PwC themselves which you can take a look if interested: https://www.pwc.com/my/en/perspective/tax/230804-is-foreign-sourced-income-exempted-from-tax.html

In short, it's really a complicated topic and one would most likely require help/clarifications from Tax Agents or LHDN. For now, I'll just keep it simple - once funds are moved out from Malaysia, it will never be repatriated back. I'll worry about retirement years later 😛

Hope these helps!

Cheers
Gracie

]]> By: kev https://ringgitfreedom.com/resources/my-tax-estimator/#comment-830 Mon, 29 Apr 2024 11:44:26 +0000 http://ringgitfreedom.com/?page_id=5739#comment-830 Hi Gracie, since you invest internationally. Would you able to share the experience of bringing the money back into the country from taxation perspective? As a person that has main income as salaried worker in Malaysia but has stock investment overseas. Thanks.

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