Comments on: Reader Question: Selling Goods Online Overseas – Do I Need To Pay Tax In Malaysia? http://onlinebusinessmalaysia.com/starting-a-business/tax/selling-goods-online-overseas-tax-in-malaysia/ How To Start An Internet Business From Anywhere. Even Malaysia! Fri, 13 Jan 2012 15:32:18 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: William http://onlinebusinessmalaysia.com/starting-a-business/tax/selling-goods-online-overseas-tax-in-malaysia/comment-page-1/#comment-22389 William Thu, 25 Nov 2010 12:28:41 +0000 http://onlinebusinessmalaysia.com/starting-a-business/tax/reader-question-selling-goods-online-overseas-do-i-need-to-pay-tax-in-malaysia/#comment-22389 Trutfully, the tax system in Malaysia is not strong. And although I am not encouraging tax evasion, if the money never comes to Malaysia, what right does the government have of taxing you? I do my taxes at a tax firm in Damansara Perdana... Money laundering is if you are making your money from illegal methods and using a legal business to 'wash' or 'scrub' the money to become clean money. Hence the term money laundering. Clickbank is not illegal, so I am sure you are fine. And if you're making money off Clickbank, I must congratulate you and say well done! :) Trutfully, the tax system in Malaysia is not strong. And although I am not encouraging tax evasion, if the money never comes to Malaysia, what right does the government have of taxing you?

I do my taxes at a tax firm in Damansara Perdana…

Money laundering is if you are making your money from illegal methods and using a legal business to ‘wash’ or ‘scrub’ the money to become clean money. Hence the term money laundering.

Clickbank is not illegal, so I am sure you are fine. And if you’re making money off Clickbank, I must congratulate you and say well done! :)

]]> By: Alavikutty http://onlinebusinessmalaysia.com/starting-a-business/tax/selling-goods-online-overseas-tax-in-malaysia/comment-page-1/#comment-22044 Alavikutty Thu, 18 Nov 2010 07:08:00 +0000 http://onlinebusinessmalaysia.com/starting-a-business/tax/reader-question-selling-goods-online-overseas-do-i-need-to-pay-tax-in-malaysia/#comment-22044 Sir, Is it taxable the amount coming to the offshore account in Malaysia from out side country. I have to apply to the tax department and pay or is it possible to deduct from the account from the bank and transfer the balance. Expecting reply asap. Alavikutty Sir,
Is it taxable the amount coming to the offshore account in Malaysia from out side country. I have to apply to the tax department and pay or is it possible to deduct from the account from the bank and transfer the balance.
Expecting reply asap.
Alavikutty

]]> By: johnny http://onlinebusinessmalaysia.com/starting-a-business/tax/selling-goods-online-overseas-tax-in-malaysia/comment-page-1/#comment-21538 johnny Wed, 10 Nov 2010 08:00:22 +0000 http://onlinebusinessmalaysia.com/starting-a-business/tax/reader-question-selling-goods-online-overseas-do-i-need-to-pay-tax-in-malaysia/#comment-21538 Hi William, What if the cheque from clickbank we deposit into a stock brokering account in USA rather than flowing back to Malaysia. Is this consider legal ? Do you have anyone good taxation person or lawyer? I am wondering this is consider money laundering? Hi William,

What if the cheque from clickbank we deposit into a stock brokering account in USA rather than flowing back to Malaysia. Is this consider legal ?

Do you have anyone good taxation person or lawyer? I am wondering this is consider money laundering?

]]> By: William http://onlinebusinessmalaysia.com/starting-a-business/tax/selling-goods-online-overseas-tax-in-malaysia/comment-page-1/#comment-11911 William Sat, 24 Apr 2010 08:19:41 +0000 http://onlinebusinessmalaysia.com/starting-a-business/tax/reader-question-selling-goods-online-overseas-do-i-need-to-pay-tax-in-malaysia/#comment-11911 Hi Aflaki, Yes my coaching includes other subjects as well, not just developing a website alone... I can customize my coaching based on your needs, your level of experience in Internet marketing and the type of online business you want to start. I've emailed you a sample of what I will be teaching one of my clients this Thursday and Friday. I'll also update my 'coaching' page for others who may be interested. Thanks, -William Hi Aflaki,

Yes my coaching includes other subjects as well, not just developing a website alone…

I can customize my coaching based on your needs, your level of experience in Internet marketing and the type of online business you want to start.

I’ve emailed you a sample of what I will be teaching one of my clients this Thursday and Friday.

I’ll also update my ‘coaching’ page for others who may be interested.

Thanks,

-William

]]> By: aflaki http://onlinebusinessmalaysia.com/starting-a-business/tax/selling-goods-online-overseas-tax-in-malaysia/comment-page-1/#comment-11868 aflaki Fri, 23 Apr 2010 16:05:18 +0000 http://onlinebusinessmalaysia.com/starting-a-business/tax/reader-question-selling-goods-online-overseas-do-i-need-to-pay-tax-in-malaysia/#comment-11868 Hello again William...as I was surfing through your site, I came across the coaching service you provide...coaching is something I always wanted, thus I was wondering whether the scope of the coaching is limited to developing a website or other online endeavours are also included. Thanks. Hello again William…as I was surfing through your site, I came across the coaching service you provide…coaching is something I always wanted, thus I was wondering whether the scope of the coaching is limited to developing a website or other online endeavours are also included.

Thanks.

]]> By: aflaki http://onlinebusinessmalaysia.com/starting-a-business/tax/selling-goods-online-overseas-tax-in-malaysia/comment-page-1/#comment-11734 aflaki Wed, 21 Apr 2010 18:08:05 +0000 http://onlinebusinessmalaysia.com/starting-a-business/tax/reader-question-selling-goods-online-overseas-do-i-need-to-pay-tax-in-malaysia/#comment-11734 Hi there! Many thanks for your swift response!...I don't really mind getting a license or being taxed, but there is one thing I didn't mention..I am a foreign final year student, and that could put my account under auditing..Also, I know that its not allowed for foreign students to work, does that mean doing any thing that brings any form of income is considered not allowable even with license? If that is the case, I was thinking of partnering with a local. he would handle every thing, even if licensing the business is needed, it would be under his name, and I will provide the capital..I am really anxious about legal issues, but then I see my self doing something online prior to my graduation. Your opinion is much appreciated, Thanks once more. Hi there!

Many thanks for your swift response!…I don’t really mind getting a license or being taxed, but there is one thing I didn’t mention..I am a foreign final year student, and that could put my account under auditing..Also, I know that its not allowed for foreign students to work, does that mean doing any thing that brings any form of income is considered not allowable even with license?

If that is the case, I was thinking of partnering with a local. he would handle every thing, even if licensing the business is needed, it would be under his name, and I will provide the capital..I am really anxious about legal issues, but then I see my self doing something online prior to my graduation.

Your opinion is much appreciated,
Thanks once more.

]]> By: William http://onlinebusinessmalaysia.com/starting-a-business/tax/selling-goods-online-overseas-tax-in-malaysia/comment-page-1/#comment-11733 William Wed, 21 Apr 2010 16:58:44 +0000 http://onlinebusinessmalaysia.com/starting-a-business/tax/reader-question-selling-goods-online-overseas-do-i-need-to-pay-tax-in-malaysia/#comment-11733 If the amounts aren't too big, then I guess you don't have to declare it. I know how hard it is for the tax department to really find out how much you earn, so unless the amounts become large enough in your bank account to flag the tax department, you should be under the radar and don't need to file your tax. Just be wary if you start making big money, as I'm sure if they see large amounts coming into your bank account without any going to the government's pocket, then your account might be flagged and you may be audited. Hope that helps! If the amounts aren’t too big, then I guess you don’t have to declare it.

I know how hard it is for the tax department to really find out how much you earn, so unless the amounts become large enough in your bank account to flag the tax department, you should be under the radar and don’t need to file your tax.

Just be wary if you start making big money, as I’m sure if they see large amounts coming into your bank account without any going to the government’s pocket, then your account might be flagged and you may be audited.

Hope that helps!

]]> By: aflaki http://onlinebusinessmalaysia.com/starting-a-business/tax/selling-goods-online-overseas-tax-in-malaysia/comment-page-1/#comment-11730 aflaki Wed, 21 Apr 2010 16:36:58 +0000 http://onlinebusinessmalaysia.com/starting-a-business/tax/reader-question-selling-goods-online-overseas-do-i-need-to-pay-tax-in-malaysia/#comment-11730 Hi William, I was wondering whether one needs to have a license if he is willing to start an eBay business since you said that any online income is taxable. BTW, I will not deal with eBay directly, but rather through a Trading Post, by the name “quik consignment” in kl. so, if the eBay business is taxable, does that mean you need to get a license? kindly let me hear from you. Thanks. Hi William,

I was wondering whether one needs to have a license if he is willing to start an eBay business since you said that any online income is taxable. BTW, I will not deal with eBay directly, but rather through a Trading Post, by the name “quik consignment” in kl. so, if the eBay business is taxable, does that mean you need to get a license?

kindly let me hear from you.
Thanks.

]]>