TAX QUESTIONS? YOU ASK LAH!

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Q: If I transfer back the profit made from share investment overseas, will it be subjected to tax in Malaysia?

A: If you can prove that this profit made is a capital gain, it would not be taxable in Malaysia. If this is a trading gain, it must have been subjected to tax overseas then the income remitted back to Malaysia on or before 31 December 2026 will be tax exempted in Malaysia.