Hi All
From what I understand I will be taxed 26% during my first 6 months of employment in Malaysia.
Does anyone know if any of this can be rebated once 6 months has past?
Does anyone have any ways that there company has managed to get around this 26%? such as getting paid allowances instead of salary etc..
Thanks any help would be appreciated
Cheers
Chris
26% tax
28
2118
You claim it back in April (tax year Jan - Dec) and get it back first week of May.
There are no legal ways of avoiding it as per most countries! BIKs are taxable. If you try to avoid I suggest you look at a Malaysian prison first!
There are allowances such as Health and 3,000 RM on a computer every 3 years. very easy if just paid a salary.
Subscribe to this topic
Articles to help you in your expat project in Malaysia
The tax system in Malaysia
If you plan to move to Malaysia, you will need to consider several taxes and draw up a budget to get a better idea ...
Taxes in Malaysia
An individual is taxed on his chargeable income at graduated rates from 2 % to 30% after the deduction of tax ...
Year end tax checklist
As personal reliefs claim will reduce your chargeable income, it is a good time to check your qualifying tax ...
Driving in Malaysia
You are moving to Malaysia and want to drive for work or travel there? Follow our guide!
Kuala Lumpur's neighbourhoods
Kuala Lumpur is a real megalopolis, surrounded by suburbs and neighborhoods so different from each other that they ...
Phones and internet in Malaysia
Malaysians are known to be social media addicts, so there's no shame if internet access is one of your main ...
Open a bank account that suits you
Discover the best international banks to manage your money securely.
"