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PJNet :: View topic - Need to declare Income tax for Forex earning?

Need to declare Income tax for Forex earning?

Need to declare Income tax for Forex earning?

 
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pokai
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Joined: Jul 13, 2008
Posts: 5

PostPosted: Sun Sep 21, 2008 9:39 pm    Post subject: Need to declare Income tax for Forex earning? Reply with quote

Hello to all forex traders,


If you are full time Forex Trader, I want to ask you the following questions?
1) Do we ( Malaysian) need to pay income tax for any Forex earning?
2) If you are full time trader, how do you declare your financial status when you want to buy property, buy car?
Definitely, banks require you to provide any statement about your financial status?

Please advice.
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pipshunter
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Joined: Oct 25, 2008
Posts: 5

PostPosted: Sat Oct 25, 2008 3:09 pm    Post subject: Reply with quote

Hi;

I am interested to know this also, any experts out there?

I heard some forex guru (who provide training in the market) claim that the profit is not taxable in malaysia.

Thank you.

Cheers!
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kevler
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Joined: Nov 09, 2008
Posts: 1

PostPosted: Sun Nov 09, 2008 11:18 pm    Post subject: Reply with quote

from what i know , income from overseas won't be taxable
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