Let's talk about tax in Malaysia...

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  • čas přidán 27. 08. 2024

Komentáře • 47

  • @MarkKimTV
    @MarkKimTV  Před rokem

    We recorded a walkthrough to show the filing process online, but too much stuff to blur out anyway due to personal data, so we decided to exclude that in the video instead. It defeats the purpose of the walkthrough given that most of the information is blurred out and nothing much can be shown! 😆 But if you guys are interested in that do let us know, we'll try our best to edit that and upload it later...

  • @thewayoflaw6373
    @thewayoflaw6373 Před měsícem

    Thanks

    • @MarkKimTV
      @MarkKimTV  Před měsícem

      You’re welcome and thanks for watching our video. 🙇🏼

  • @jaidisain2707
    @jaidisain2707 Před rokem

    Mantap2

  • @IamMaLigaya
    @IamMaLigaya Před rokem

    Very informative po. Flight date April 2nd week , First time to work abroad and Its in Malaysia!!!

    • @MarkKimTV
      @MarkKimTV  Před rokem

      Hi @IamMaLigaya, glad to hear that we are able to provide helpful information to you and to our kababayans. We are happy for you. ❤️

  • @UnrupturedTV
    @UnrupturedTV Před rokem

    Uy bago! Sakto may mapapanood sa airport mamaya!

  • @krisssal
    @krisssal Před 2 měsíci

    hi, my scenario is: i am being taxed even if i am not physically relocated here yet in Malaysia last october 2023 while I work from home in the philippines and waiting also for the govt paperwork, is it correct that I will not get anything for this year tax relief? I know I am not resident yet but now hasil gave me a funny centavo for my income tax refund. I need help because the amount that I am anticipating is huge and i have emailed my HR together with hasil. I felt like I'm screwed up.

  • @debbiegeme9645
    @debbiegeme9645 Před rokem

    Sana po mapansin need help po tlg
    I filed tax clearance po July 12 2023 sa branch bago ako umalis ng malaysia
    More than 182 days po ako sa Malaysia and was not out of the country for more than 14 days
    dko po alam if d lng mkapagexplain ng mabuti ung HR sa prev company ko jan sa Malaysia pero sbe nia CP21 daw po ung status ng tax ko dko po maintindihan tlg
    Worried ako ngaun if makukuha ko pb tax refund ko

    • @MarkKimTV
      @MarkKimTV  Před rokem

      Hi Debbie, thank you for leaving us a comment. Based on our experience pag tax clearance, once na make sure mo lang na na process mo before leaving Malaysia, tax refund would usually take 1 month bago e bank in sa bank acct na niregister mo sa Hasil acct mo. Now we’d like to check if nung nag process ka sa Hasil, pinasa mo ba lahat ng binigay ng company mo(EA form, PCB etc)? And pina fill out ka ba ng IN and OUT of form? Nag Bigay ba si Hasil sayu ng Acknowledgement slip after mo mag file? If yes, then you don’t need to worry hintay ka nlng pumasok sa bank acct mo yung refund.

  • @Drdahriofficial
    @Drdahriofficial Před rokem

    Still I am confused about the 30% tax deduction policy, if anyone comes to join the office in August and stay 182 days in Malaysia, after that this deducted amount will be refunded or not? And if six months or not completed in one years then?

    • @MarkKimTV
      @MarkKimTV  Před rokem +1

      Hi @NISARAHMEDPITESINDH, this depends on your company. Based on our experience 30% will only be deducted on the first 6 months from the time you started. Given the example you highlighted, the 6th month would be January 2024, some company will only have the tax deduction to 5 months only (until December 2023) but the calculation would be different just to cover the 6th month. Some company would deduct the last(6th month) on the exact month but that 1 month deduction would only be refunded next year 2025 as we only file 2024 tax on year 2025. The 5 months tax deductions would be refunded on 2024 as it falls on year 2023 tax filling. Again, this is depending on your company.

    • @cluemaster80
      @cluemaster80 Před rokem +1

      Sa case ko, I came to Malaysia in September 2019 and my company deducted the 30% tax until June 2020 but was refunded a huge amount in 2021. Fortunately, I don’t have to go through the process of document preparations as my company engaged a third party to work on taxation matters. Btw, dont forget to claim for tax relief i.e. laptop, phone, internet subscription, medical expenses, domestic tourism like hotel accomodation, etc. 😊

    • @MarkKimTV
      @MarkKimTV  Před rokem

      Thank you for taking the time to leave a comment @cluemaster80. Salamat sa support 🫶🏻

  • @artbuddy-xh8so
    @artbuddy-xh8so Před 10 dny

    NEW ROOM TAX FOR ALL FOREIGNERS..Just to let know I will not be going there ever again because it's DISGUSTING JUST ROBBING TOURISTS
    I JUST PAYED A THE HILTON ..BYE BYE MALAYSIA FOR ME.

    • @MarkKimTV
      @MarkKimTV  Před 8 dny

      Hi @artbuddy,
      Thank you for your comment on our video. I’m sorry to hear that your experience in Malaysia wasn’t great. Everyone’s experiences can be different. We are just lucky that ours is okay.

  • @krisssal
    @krisssal Před 10 měsíci

    Hello, just wanted to check po sana - if first 6 months ang may 30% tax as non-resident, does it mean po ba na duing 7th month and mka stay ka na ng more than 182 days sa Msia is wla na tax na 30%? You will fall under the regular tax law already following the income tax bracket ng Malaysia? Kasi if continuous na 30% tax habang employed ka ng Malaysian company this is a very big chunk ng deduction. 😁 I hope to hear from you on this and thank you in advance.

    • @MarkKimTV
      @MarkKimTV  Před 10 měsíci

      Hello @krisssal, thanks for watching our video and for leaving a message/question. Sorry late reply na po. 30% is for 6 months lang po from your joining date after that residential tax rate na po. I hope I answer your question po. Salamat

    • @krisssal
      @krisssal Před 10 měsíci

      @@MarkKimTV thank you for the response po 🥰

  • @AlecsApple
    @AlecsApple Před rokem

    What do you mean po na parang savings n sya for next yr?? Mkakasama po ba sa tax refund yun?

    • @MarkKimTV
      @MarkKimTV  Před rokem +1

      Hello AlecsApple, thanks for watching our video po. Yes, it will be refunded back to your bank account Kasi may excess talaga yan.

    • @AlecsApple
      @AlecsApple Před rokem

      @@MarkKimTV thank u pooo. Can you do a video po about tax .. i saw on a Malaysian tax calculator n sa bracket may part dun n si employee mag bbyad .. mejo nconfuse ako .. thnk u po ulit .. btw .ur videos are so informative.. nag peprepare n po kc kmi ng husband ko to go to malaysia processing n ng papers kya lgi kong pinpnuod videos nyo.

    • @MarkKimTV
      @MarkKimTV  Před rokem +1

      Nakakataba ng puso seeing na nakakapagbigay kami ng information sa kapwa natin. Don’t confuse yourself po. What I’m going to give as a sample is based sa experience namin. Ang required na income tax ng Filipino expat is 6-8% depende Saan magfall Yung yearly income mo. Sa first 6 months 30% Yung tax deduction nyu but based sa experience namin narerefund as excess Yung 22% Nung 30% kaya sinasabi naming savings na rin Yung labas nun.

    • @AlecsApple
      @AlecsApple Před rokem

      @@MarkKimTV ok po thank you again 🥰🥰

  • @renzamd2623
    @renzamd2623 Před rokem

    Pwede b mg exit kahit hindi pa kumpleto ang 182 days? Like 10 days lang if mag exit ako for vacation

    • @MarkKimTV
      @MarkKimTV  Před rokem +1

      Hello po @renzamd2623, thanks for watching po and apologies for the late reply. Based on our experience, okay din naman po just make sure not more than 14 days.

  • @ohmychelle
    @ohmychelle Před rokem

    Hi new subscriber here kababayan. What will happen if i go out of Malaysia before my 1st 182days but will still come back after two weeks?

    • @MarkKimTV
      @MarkKimTV  Před rokem

      Hello po. Thanks for subscribing. As far as we know, you should not be outside of Malaysia for 15 days above because if you will there might be a tendency that LHDN/Hasil will reset the counting of your resident status Kaya we always advise na huwag lumabas for the 1st 6 months.

  • @jdawanders
    @jdawanders Před rokem

    🤣🤣🤣 Kuyawan sa 30% discount.
    Ganahan ko ani for the bayad sa ka lipong. 😅

    • @MarkKimTV
      @MarkKimTV  Před rokem

      Hahaha gi kuyawan jud ko sa 30% discount ani Jo. Thanks for supporting our small channel ❤️- Mark

  • @AliRaza-zy1zk
    @AliRaza-zy1zk Před rokem

    How to get refund/adjustment after 6 months tax ???
    Will this be after April or from 7th month?

    • @MarkKimTV
      @MarkKimTV  Před rokem +1

      Hi AliRaza, after 6 months of 28-30% tax deduction, your company will automatically reduced your income tax to 6-8%(Usually this happens on your 7th month) Check with your HR as every company have different rules in terms of deducting income tax of their expat employees. Thank you

    • @chandraprakashfakun538
      @chandraprakashfakun538 Před rokem

      @@MarkKimTV

    • @chandraprakashfakun538
      @chandraprakashfakun538 Před rokem

      is it 30% for the 6 months altogether or every month for the first 6 ones?

    • @MarkKimTV
      @MarkKimTV  Před rokem

      It would be 30% every month for the span of 6 months.

    • @AliRaza-zy1zk
      @AliRaza-zy1zk Před rokem

      @@chandraprakashfakun538 30% will be deducted every month from your salary. Then after new fiscal year it will be reimbursed or adjusted.

  • @afshantabassum249
    @afshantabassum249 Před rokem

    They just refund the excess tax? Or they refund the entire tax

    • @MarkKimTV
      @MarkKimTV  Před rokem

      Hi, All the excess will be refunded back to you.

    • @afshantabassum249
      @afshantabassum249 Před rokem

      @@MarkKimTV wow that’s kind of like savings though thanks soo useful information

    • @MarkKimTV
      @MarkKimTV  Před rokem

      Yes, think about it as your savings. We mentioned it in our video as some would be discourage because of the tax rate/deduction.

  • @dominicatienza5902
    @dominicatienza5902 Před rokem

    hello, ask lang po paano po pag less than 6months lang sa malaysia, nag resign po kami 4months pa lang kami sa company, may makukuha pa din po ba kami na tax refund? naka pag file na po kami sa hasil.

    • @MarkKimTV
      @MarkKimTV  Před rokem +1

      Hello Dominic, thanks for watching our video po. Based on our experience, pag d nyu na complete yung 6 months na 30%, all deductions will be refunded back. To make sure na makakakuha kayu ng concrete answer, check with your HR and you can email Hasil as well. May binigay si Hasil na slip after nyu mag tax clearance and there would contact info there na pwede nyu v e follow up. Thanks po again sa support 🫶🏻

    • @joselouieviojan401
      @joselouieviojan401 Před 7 měsíci

      Hi Sir Dominic, may I ask anu nature ng work? Sales po ba?

    • @dominicatienza5902
      @dominicatienza5902 Před 7 měsíci

      BPO po

    • @joselouieviojan401
      @joselouieviojan401 Před 7 měsíci

      @@dominicatienza5902Sorry. I mean sa Sales po ba sa Bpo or customer service?