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26: Income Derived by Individuals Exercising Employment Aboard Ships Part 2

Updated: May 5


Income Derived by Individuals Exercising Employment Aboard Ships - Deeming Provisions of Employment Income - PDF

118
. Income Derived by Individuals Exercising Employment Aboard Ships - Deeming Provisions
Download INCOME DERIVED BY INDIVIDUALS EXERCISING EMPLOYMENT ABOARD SHIPS - DEEMING PROVISIONS • 483KB

1. The Malaysian Government achieves tax jurisdiction through a series of territorial tax regimes, which means that: 👉 only income accruing in or derived from Malaysia has been taxed, 👉 Income derived from foreign sources is tax-exempt [(Schedule 6 para 28 of the Income Tax Act 1967 (ITA)], except for income received from the shipping and aviation industries, as well as the banking and insurance industries. 2. The recent Budget 2022 revealed a proposal to repeal the tax exemption on income derived from overseas sources and received in Malaysia by Malaysian residents under Paragraph 28, Schedule 6 of the Income Tax Act (ITA) 1967, effective January 1, 2022. 3. As a result, residents will be taxed on income derived from foreign sources and received in Malaysia. 4. However, it is critical to keep in mind that: 👉 Income earned overseas but not transferred to Malaysia by a Malaysian tax resident is not taxed. 👉 Non-Malaysian tax residents are likewise exempt from tax on income remitted from outside.

👉 exemption of income derived by individual exercising employment aboard a ship operated by an owner of a Malaysian flagship under Paragraph 34, Schedule 6 of the Act, remains unchanged. 5. On December 9, 2016, the Inland Revenue Board of Malaysia (IRB) released Public Ruling No. 12/2016, which clarified the tax treatment of income generated by individuals who work onboard ships. 🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻 1. 马来西亚政府通过一系列的领土税制来实现税收管辖,这意味着: 👉只有在马来西亚产生的或源自马来西亚的收入才被征税。 👉 源自国外的收入是免税的(1967年所得税法令第6附表第28段);航运、航空业、银行和保险业例外。 2. 最近的2022年预算案显示,政府建议废除 1967年所得税法令第6附表第28段 3. 这也意味着马来西亚居民源自海外的收入,从从2022年1月1日起将会被征税 4. 然而,要注意的是:

👉 马来西亚税务居民源自国外,但是没有汇入马来西亚的收入,不被征税。 👉 非马来西亚税务居民汇入源自国外的收入,也不被征税。 👉 根据1967年所得税法令第6附表第34段所给予的 [个人在马来西亚船东经营的船舶上工作所获得的收入] 豁免,保持不变 5. 2016年12月9日,马来西亚内陆税税局(IRB)发布了第12/2016号公共裁决,针对在船上工作的船员所产生的收入,厘清了相关的税务处理。 #税法之道博大精深#建议大家深度学习 🌸🌸🌸🌸🌸🌸🌸🌸🌸🌸


#InternationalTax

#国际税收系列


1. Issue No. 103/2021: Finance Bill 2021 Highlights – No more Exemption on Foreign Sourced Income remitted to Malaysia

[2021年财政法案亮点 – 源自外国汇入马来西亚的收入,不再获得豁免]


https://lnkd.in/eCS24pA3


2. What Is International Tax?

[什么是国际税收]


https://lnkd.in/eiuiC4f4


3. International Organizations involved In International Tax - OECD

[涉及国际税收的国际组织 - 经合组织]


https://lnkd.in/e_uDSM-S


4. International Organizations involved In International Tax - G 20

[涉及国际税收的国际组织 - G 20]


https://lnkd.in/ehZnNjwh


5. International Organizations involved In International Tax - G20/OECD Inclusive Framework, World Bank Group & IMF

[涉及国际税收的国际组织]


https://lnkd.in/eKdW5UdE


6. International Organizations involved In International Tax - The UN

[涉及国际税收的国际组织]


https://lnkd.in/ermXNTq2


7. Residence Jurisdiction vs. Source Jurisdiction

[来源地管辖权 vs. 居民管辖权]


https://lnkd.in/eCit6_dc


8. Jurisdiction to Tax – The logic behind "Source Jurisdiction / Territorial Concept."

[税收管辖区 - "来源地管辖权"背后的逻辑]


https://lnkd.in/eyp-SY_k


9. Jurisdiction to Tax – The logic behind "Residence Jurisdiction."

[税收管辖区 - "居民地管辖权"背后的逻辑]


https://lnkd.in/eyzTrxpN


10. The Principle of Territorial-Residence Jurisdiction

[属地兼属人管辖原则]


https://lnkd.in/ehXXBXmd


11. Special Income Remittance Programme to Malaysian Residents – No more Exemption on Foreign Sourced Income remitted to Malaysia

[马来西亚居民收入汇款特别计划 – 源自外国汇入马来西亚的收入,不再获得豁免]


https://lnkd.in/ez4bpY3W


12. Double Taxation vs. Double Non-Taxation

[双重征税 vs. 双重不征税]


https://lnkd.in/etfYgkXK


13. Legal International Double Taxation

[法律性国际双重征税]


https://lnkd.in/e8zX9kP2


14. Methods used by Resident Countries to Cope with Double Taxation

[居民国应对双重征税的方法]


https://lnkd.in/e77aSCnE


15. Economic International Double Taxation

[经济性国际双重征税]


https://lnkd.in/ewWDxjZ3


16. Income Tax Treatment of Pensions (Provident Fund)

[退休金或公积金@所得税处理]


https://lnkd.in/eJVNzteR


17. Defining Residence

[居民身份@界定]


https://lnkd.in/eHfK49iB


18. An Individual’s Tax Residence under s 7(1)(a) ITA 1967

[1967年所得税法令第7(1)(a)条 @ 居民身份]


https://lnkd.in/eJHAdE_D


19. An Individual’s Tax Residence under s 7(1)(b) ITA 1967

[1967年所得税法令第7(1)(b)条 @ 居民身份]


https://lnkd.in/eT5HcfWH


20. An Individual’s Tax Residence under s 7(1)(b) ITA 1967 -Temporary Absences

[1967年所得税法令第7(1)(b)条 @ 居民身份 - - 暂时性不在]


https://lnkd.in/erW_Jxwd


21. Tax Residence under s 7(1)(c) ITA 1967

[1967年所得税法令第7(1)(c)条 @ 居民身份]


https://lnkd.in/eMw82gE9


22. Tax Residence under s 7(1)(d) ITA 1967

[1967年所得税法令第7(1)(d)条 @ 居民身份]


https://lnkd.in/eeYZy7Nq


23. Tax Residence under s 7(1A)ITA 1967 - A ‘day.’

[1967年所得税法令第7(1A)条 @ 居民身份: 一天的定义]


https://lnkd.in/eS4JVgCr


24. Move to tax Foreign-Sourced Income in Malaysia is not a surprise

[马来西亚对源自国外的收入征税 的举措并不令人意外]


https://lnkd.in/e-kqYmuq


25. Special Income Remittance Programme to Malaysian Residents

[源自外国汇入马来西亚的收入 特别报税方案]


https://lnkd.in/eqhVhXda


26. Work on board, e.g. as a sailor, Subject to Tax?

[在船上工作,如水手 中 Tax 吗]


https://lnkd.in/ee6bgchw


27. Work onboard - Deeming Provisions of Employment Income

[船员 - 就业收入认定条款 ]


https://lnkd.in/eZv55cdV


28. What Exactly is Considered a Taxable Remittance: 1 - Introduction

[究竟什么才会被认为是”应税汇款”: 1 – 概述]


https://lnkd.in/eKVzZqeQ


29. What Exactly is Considered a Taxable Remittance: 2 - Definition & Examples of Remittances

[究竟什么才会被认为是”汇兑”: 2 – "汇兑”的定义及例子]


https://lnkd.in/ewmKMjC5


30. What Exactly is Considered a Taxable Remittance: 3 - How do I know What Income or Gains I Have Remitted?

[究竟什么才会被认为是”汇兑”: 3 – 我如何知道 我汇兑了哪些收入或收益?]


https://lnkd.in/esiM6_ZX 31. What Exactly is Considered a Taxable Remittance: 4 - Should I Remit or Not?

[究竟什么才会被认为是”汇兑”: 4 – 我是否应该汇兑?]


https://lnkd.in/exSEf5nq


32. Tax Residents to be exempted from tax on the foreign-sourced income until Dec 31, 2026

[税务居民源自国外的收入将被免征税至2026年12月31日]


https://lnkd.in/eAu5rcJK


33. Termination of Special Income Remittance Program

[最新消息 - 源自海外收入特别汇款计划]


https://lnkd.in/euW8CJzm


🌼🌼🌼🌼🌼🌼🌼🌼🌼🌼🌼🌼🌼🌼


#当你以我们的视频及刊物上的内容作为税务事务处理的参考时,你需要:


✅ 查询相关资料是否依然合时、准确和完整;和


✅ 寻求本身独立的专业意见,因为各别案例所涉及的范围和层面皆不同。


When you apply the content in our videos and publications as a reference, you need to:


🅾️ check the information contained therein, whether it’s up-to-date, accurate and complete, and


🅾️ seek your independent professional advice because the scope and extent involved in each case are different.


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