ACC 3213 Group 12 by Chen See Ching

Resident Status for Individual

SimQianHui — 2021-10-26 13:03:14 UTC

determine whether such individual is liable to Malaysian income tax

SECTION 7(1)(a)

SimQianHui — 2021-10-26 13:04:52 UTC

SECTION 7(1)(b)

SimQianHui — 2021-10-26 13:05:08 UTC

SECTION 7(1)(c)

SimQianHui — 2021-10-26 13:05:30 UTC

SECTION 7(1)(d)

SimQianHui — 2021-10-26 13:05:45 UTC

BENEFITS OF RESIDENCE STATUS

SimQianHui — 2021-10-26 13:06:19 UTC

•Subject to a scaled rate from 0-25%
•Entitled to a rebate if their chargeable income is less than RM35,000
•Entitled to individual tax relief such as self, wife, child and etc.

SimQianHui — 2021-10-26 13:20:58 UTC

✨Stay in Malaysia >=182days
✨Period of stay need not be consecutive.
✨Require physical presence in Malaysia

i19017583 — 2021-10-26 14:45:12 UTC

1. In year of review in Malaysia for less than 182 days.

2. Year under review is connected to previous or following year.
-Link by (Preceding years)=Dec
-Link to (Following years)=Jan

3. 182 or more consecutive days (including temporary absence) in previous or following year.
-Link year (Link to or Link by >=182 days + TA)

4. Temporary Absence
-due to work service in Malaysia
-due to ill health
-social visit not exceeding 14 days

5. Social visits <= 14 days

Resident

SimQianHui — 2021-10-26 15:24:45 UTC

Non-Resident

SimQianHui — 2021-10-26 15:24:57 UTC

Non-Resident tax

SimQianHui — 2021-10-26 15:34:10 UTC

•Subject to a flat rate of 30%
•Do not entitled to any tax relief
•Not entitled to the rebate

i20018396 — 2021-10-28 02:49:27 UTC

1.Resident for the 3 immediately preceding basis year.
2.Resident for the immediately following basis year.

SimQianHui — 2021-10-28 13:16:26 UTC

NOT satisfy with
👉Section 7(1)(a)
👉Section 7(1)(b)
👉Section 7(1)(c)
👉Section 7(1)(d)

i19017204 — 2021-11-02 12:01:56 UTC

1. 90 days period and

2. 3 out of 4 immediate preceding years
-resident or
-90 days period(need not be consecutive)

Exempted from tax

i19017494 — 2021-11-02 19:33:36 UTC

•Royalties from literary or artistic work.

•Income from cultural performance approved by Minister.

•Income from musical composition.

Exempted from tax both in the hands of residents and non-residents

i19017494 — 2021-11-02 19:38:31 UTC

•Pension income derived from Malaysian employment paid by approved scheme.

•Interest income from financial institution.

Withholding tax in Malaysia

i19017494 — 2021-11-02 19:47:35 UTC

is applicable upon contract payment, interest, royalty, and section 4A income payments made to non-residents only

No deduction from income tax rates

i19017494 — 2021-11-02 19:56:22 UTC