Tax questions? You ask lah! #183

Published: Wed, 08/07/24

Updated: Thu, 08/08/24

Tax questions? You ask lah!

Your weekly dose of tax knowledge - become tax savvy in just 2 minutes!

I am a Malaysian citizen working in Singapore since 3 years ago. I started receiving rental income from a property in Malaysia from this year onwards. Should I declare my rental income in Malaysia?

Yes, you are required to declare the rental income derived from Malaysia by submitting Form M on or before 30 April if you don’t have any business income derived from Malaysia.

My wife and I are Malaysian citizens working in Singapore and we are no longer a tax resident in Malaysia. Both of us receive rental income for our properties rented out in Malaysia. Can we declare our rental income using only one income tax return form by combining the rental income?

You may elect to submit a combined assessment by combining the rental income earned by both of you. However, both of you are still required to submit a separate Form M each to indicate under whose name will this assessment be made.

Wishing you plentiful tax savings!

Zen Chow

YYC Tax Guru

P.S. I've received a lot of tax questions, so now I am answering the frequently asked questions and sharing them with you weekly!

P.P.S. One more thing. This tax savings course can save hundreds of thousands of taxes. You don't want to miss out! https://bit.ly/free-webinar-english

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