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Q: If I am working remotely in Malaysia for an overseas company, the overseas company will transfer the monthly salary to my local bank account via TT from overseas, is this income taxable in Malaysia?
A: If the employment is exercised in Malaysia, the income received will be deemed as a Malaysia sourced income, hence it will be taxable in Malaysia, even though the employer is an overseas company and the salary is paid from overseas.
Wishing you plentiful tax savings!
YYC Tax Guru