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Malaysia
Updated: Views / Replies:3,084 / 22
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Malaysia

  #21 (permalink)
Elite Member
Johor, Malaysia
 
Futures Experience: Beginner
Platform: Sierra Chart
Favorite Futures: CL, GC
 
Posts: 167 since Oct 2013
Thanks: 1,010 given, 151 received

I am not a live trader yet.

However, I do not see any problem transferring the money home.

The problem you need to concern more is the tax part.

I have searched the net for more info, on the tax part. Not finding a real answer yet. Probably need to go look for a good knowledgeable accountant who knows his/her stuff in regards to these kind of trading profit.

Local brokers will tell you that profit from trading futures locally are not taxable. I also read that

" Income Remitted from Outside Malaysia

With effect from the year of assessment 2004, income derived from outside Malaysia and received in Malaysia by a resident individual is exempted from tax."


The question is how do they define the terms derived from outside Malaysia?
Some say, you are trading from Malaysia. It's kind of a gray area I guess.


If the sum is not huge, and you still have a full-time job/business in Malaysia, and pay your regular taxes, I don't think it will be a problem. It's when you decided you're good enough to trade full time, and no longer hold a job/business that pay the taxes, you need to start to worry about the income tax dept.


I would also like to hear advice from live traders who remit money into the country, esp on the tax part.

Thank you.

Sleep well, Eat Healthy, Breathe...
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The following user says Thank You to mykee for this post:
 
  #22 (permalink)
Trading Apprentice
Malaysia
 
Futures Experience: Intermediate
Platform: ninja trader
Favorite Futures: futures
 
Posts: 12 since Sep 2014
Thanks: 3 given, 2 received

Many thanks for your reply.
It's a grey area in regard to the subject.

Hopefully there is some live trader is able to share their experience for Malaysia trader here.

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  #23 (permalink)
Trading Apprentice
Kuala Lumpur Malaysia
 
Futures Experience: Beginner
Platform: Bursa Station
Favorite Futures: CPO Futures
 
Posts: 1 since Jul 2017
Thanks: 0 given, 0 received

FCPO


Hi...
Is there anyone here who live trades Bursa Malaysia FCPO using NinjaTrader? Could you share your experience, please? I'm currently using a different charting software but daily I experience significant lags in the charts (chart & ladder prices are different) during periods of heavy trades.

Thanks
JD

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