Your weekly dose of tax knowledge - become tax savvy in just 2 minutes!
Q: Is income earned from online businesses considered as foreign sourced income?
A: It depends on the location of the operation of the online business. If the business is operated from Malaysia or the business presence is in Malaysia, the income earned is considered as a Malaysia sourced income.
Wishing you plentiful tax savings!
Zen Chow
YYC Tax Guru