Hi All,
I am from India having 9.5lacs of package with 5.5 yrs of work experience. I an negotiating on an offer for Kuala Lumpur for 15K Ringgit.
My consultancy is saying that taxes will not be charged at 24%-26% but 11% as the consultancy is based in singapore and some logic the consultancy is saying. If i will join, i ll join in Nov-Dec of this year.
Please let me know if this can be an actualy scenarios where expats working in MY in any case have taxes at 11%?
Taxes for Expat in Malaysia
vikasgupta24
07 August 2015 11:51:39
2
Gravitas
07 August 2015 12:03:39
9040
Whatever happens in 2015 is not the same as 2016. You will have to qualify in 2016 to be tax resident. Involve a Chartered Accountant to explain. Non tax resident pay 24% flat. If you expect a work permit from Malaysia you are under Malaysian tax laws.
vikasgupta24
07 August 2015 14:00:31
2
Thanx a lot. Just for my information, if i join in Nov-Dec 2015, will i be paying any taxes for Financial year 2015-16?
Gravitas
07 August 2015 14:16:16
9040
Tax years are calendar years. There are rules if you join in the last 90 days. But 2016 is a new tax year from Jan-Dec so you will be non tax resident and p ay 24% for the first 182 days. It will be tax equalised in March/April 2017.
I will look out a tax memorandum from the Malaysian Institute of Accountants and post it.
Edit - here it is - please read before asking questions.
http://www.mia.org.my/new/psp_taxation_ … amp;id=945
Nemodot
08 August 2015 10:04:36
2093
What your agent is suggesting is tax fraud. Avoid!
gflyons
22 September 2015 16:10:09
1
Hi Gravitas, do you have any recommendations for a chartered accountant in KL? I am struggling to find one that can handle some work with my KL-based client.
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