Dear Sir/Madam,
maybe you can help me out about my issue....
i am a malaysian and i heard in malaysia there's a rules by bank negara to encourage money made below RM 5mil from oversea can bring back to malaysia without needing to declare tax, is this true ? if do, can i know the detail condition/limit ?
i am making RM20-30k monthly (200-300k/year) from online business and wonder if can wire back to malaysia without payign tax?
is the RM 5mil per year or RM 5mil limit for lifetime for a name???
and what procedure should i go thru ? or who should i contact to start [i read on somewhere, we need to go bank negara to get a FORM and declare but i dont know what form is that, maybe you can advise me about what exact form is that?]
sorry if i have email the wrong person for help ... maybe if u know someone who can help me out ?
thank you
Watt