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MM2H PROGRAMME

Malaysia My Second Home, Education, Investment, Medical & Insurances, Incentives & Metting Tours, Coach & Van Rental, Hotel Reservation

Frequent Questions & Answers

                      

                     

Income Tax

Q   The participants in this program are exposed to what form of tax?
A   The earnings from investment in local companies or local stock market are taxable. Please refer to the website www.hasilnet.org.my for more details on the tax structure
Q   Is the interest earned from fixed deposit taxable?
A   No
Q   Is income from abroad taxable?
A   Before year 2004, all foreign income (except pension fund) is taxable. However, after 2004, all income from oversea is not taxable.
Q   Do participants have to do tax declaration to Inland Revenue Board of Malaysia like Malaysian citizens?
A   Yes