HELP!!..about tax exemption for income made in oversea?

Member since 17 April 2011

wattqMember17 April 2011 20:52:29

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