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Transfer money from UK to Malaysia for tax purpose
hi
now all of my adsense earning are deposit into my uk bank through electronic fund transfer ( i am in malaysia ). I will then withdraw my money in malaysia using atm in Malaysia. The uk bank atm card doesnt charge me any foreign exchange fee nor commission, and the rate is better than TT transfer. So the problem is , i didnt deposit the adsense cheque in Malaysia bank which meant there isnt any earning record. I wont able to buy car or house (yes i can, and for sure income tax ppl will find me). So my question is, how can i transfer my money in uk bank to my malaysia sole proprietor bank account. So that i can record? Thanks |
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My situation is similiar to you. I am in Singapore and my adsense check to Malaysia bank account.
My case is I am not a MY resident because I am not staying in MY for 186 days and the adsense earning are consider as earning from foreign country. So it's not taxable. If you have a sole pro company then it must be under the correct busines sector, then only its consider a sale. BTW whats your earning figure per month? |
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the figure from you both should be very huge... my adsense just achieve USD100, and wan to look for a right way to cash out with the maximum conversion without much charges...
by the way..almost 1 year i start my adsense, since DEC 06
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