Lowyat.NET: Latest topics by crac

Help please-submit malaysian tax form for this?

crac — Sun, 05 Feb 2012 03:39:38 +0800

Can someone help me on this. Do not want to get into trouble with government. Thank you.

1) As capital gains from trading USA shares are not taxable in Malaysia, if I remit this $ back to Malaysia, do I need to fill in any Malaysian tax form/file income tax (assuming that this is the only $ that I'm earning in Malaysia/remitting back to Malaysia?)

2) If I earn dividends from holding my USA shares, do I need to file any Malaysian income tax form. After all USA already withold 30% tax on it.

Thanks.

Help needed--any form to submit?

crac — Fri, 03 Feb 2012 04:42:31 +0800

Hi,

Need help from the sifus here. Thanks.

If I trade US stocks (using a US online broker), do I have to submit any income tax form to the US authorities yearly and if so which form is it?

Does it matter whether I make or lose $ with regards to whether I need to submit the income tax form

(PS: I've already submited the w8-ben form but am not sure whether need to submit any other income tax form.)

Also, understand that dividends are immediately withold at 30% tax rate. Can I get any of this back?

Help please.