Dear Folks,
Advance new year wishes. May the new year being prosperity to all.
Apologies if this question is already answered, but I wasn't able to find a satisfactory reply and hence shooting it here.
I've got a job offer in Malaysia(KL) for 11000 MYR monthly and expected to join by March 2018.
I'd be moving in with my wife and very skeptical if this compensation would help me to have a comfortable lifestyle in KL.
House expectation is basic with security.
Would be cooking and eating out occasionally.
1) Can someone please tell what would ideally be the expense for me in KL per month considering i choose to rent a 1BHK with security?
The Tax system in malaysia isn't very clear to me. My project is clearly over 182 days and it's a long term(until I choose to come back).
2) Two types of Information I found, and not sure which is the correct unerstanding.
a) Expat tax is flat 28% refunded according to exemptions at the end of the year
Can someone indicate my onhand salary considering 11000 MYR as monthly?
b) If expat says more than 182 days, the tax is per the defined slab.
Does it mean that first 6 months my tax would be a flat 28%
Next 6 months would be according to the slab?
(or)
all the 12 months will be according to the slab.
Your help would be highly appreciated for me to decide if I should take up this offer.
Thanks for your time!!