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Forum: Retirement and MM2H

Nov 10th 2021, 1:54 pm

Replies: 45

Another nail in the MM2H coffin

Views: 6,983

Posted By Flyguy

Re: Another nail in the MM2H coffin

I'm not much bothered how they work it out for these big corporations - they should be paying more for sure, and they always seem to find ways to avoid it. I'm quite sure that whatever the headline...

Forum: Retirement and MM2H

Nov 7th 2021, 1:58 pm

Replies: 45

Another nail in the MM2H coffin

Views: 6,983

Posted By Flyguy

Re: Another nail in the MM2H coffin

Hmmm...well yes, I'd have to look to see if it was written in the approval letter - but the fact is that this is exactly what they've done since I claimed tax residency here. They have never taken a...

Forum: Retirement and MM2H

Nov 6th 2021, 2:37 pm

Replies: 45

Another nail in the MM2H coffin

Views: 6,983

Posted By Flyguy

Re: Another nail in the MM2H coffin

You can do either.
I used the 182/90 day method. It worked best for me because it was quicker - one year to qualify instead of four.

Just realised though - the Global Minimum 15% tax rate...

Forum: Retirement and MM2H

Nov 6th 2021, 8:23 am

Replies: 45

Another nail in the MM2H coffin

Views: 6,983

Posted By Flyguy

Re: Another nail in the MM2H coffin

The way I got Tax Residency was I came down and spent 182 days in country in my first year. According to Section 7 of the Income Tax Act (1967) - an individual is deemed Tax Resident if he spends 182...

Forum: Retirement and MM2H

Nov 4th 2021, 8:20 am

Replies: 45

Another nail in the MM2H coffin

Views: 6,983

Posted By Flyguy

Re: Another nail in the MM2H coffin

Yeah, there's an option to completely miss a year in the Tax Regs, but if they apply the 'new' 90 Day Residency Requirement retrospectively to ALL MM2H'ers (as they have said they'll do) then you...

Forum: Retirement and MM2H

Nov 3rd 2021, 6:27 am

Replies: 45

Another nail in the MM2H coffin

Views: 6,983

Posted By Flyguy

Re: Another nail in the MM2H coffin

There's another solution to this ruling - if it is actually applied to individual MM2H holders. It now becomes more attractive (potentially - and depending on personal circumstances) to come to...

Forum: Retirement and MM2H

Nov 1st 2021, 7:36 pm

Replies: 45

Another nail in the MM2H coffin

Views: 6,983

Posted By Flyguy

Re: Another nail in the MM2H coffin

My solution to avoid paying tax on remittances - get a foreign credit card and pay for everything with it. Pay the bill with your overseas cash.
Just be smart about the card charges and exchange...

Forum: Retirement and MM2H

Nov 1st 2021, 7:31 pm

Replies: 45

Another nail in the MM2H coffin

Views: 6,983

Posted By Flyguy

Re: Another nail in the MM2H coffin

Don’t get what you mean by that.

The MM2H Visa specifically states an assessed tax rate of ZERO on foreign remittances. That’s what I signed up to. That’s my reason for staying here in spite of...

Forum: Retirement and MM2H

Nov 1st 2021, 2:17 pm

Replies: 45

Another nail in the MM2H coffin

Views: 6,983

Posted By Flyguy

Re: Another nail in the MM2H coffin

I'll lay a pound to a penny that ALL your remitted income (from ANY source) will be taxed in Malaysia. Why? Because they don't have the will or the whit to differentiate. It's too complicated....

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