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Will My Trading Income Be Taxed in Malaysia? (MM2H + IBKR Setup)

DaBatvan

I’m a Canadian planning to become a non-resident and apply for the Sarawak Malaysia My Second Home (S-MM2H) program.


While living in Malaysia, I plan to manage my own personal investment portfolio:

    •    A larger portfolio focused on buy-and-hold and position trading

    •    A smaller portfolio dedicated purely to day trading


All trading would be done using my own capital through IBKR (Interactive Brokers).


I also plan to arrive with enough savings to cover approximately two years of living expenses. After that, I would begin drawing from my investment accounts as needed, likely once or twice per year.


My questions are:

    •    Would income from these activities be considered foreign-sourced income, and if so, would it be subject to tax in Malaysia—especially when funds are remitted for living expenses?

    •    Would engaging in day trading while living in Malaysia, using only my own capital, pose any regulatory or tax issues?


Appreciate any insight from those familiar with Malaysian tax rules or with similar setups.

See also
daviddomoney

Hi, you planning live in Kuching?


I can put you in touch with a tax advisor if you like.

DaBatvan

@daviddomoney

yes that would be helpful.

daviddomoney

Sure thing, I will send you a message