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10 years ago

Taxation for U.S. citizens working in Malaysia

10 years ago
Hi there,

Wondering if there are any U.S. citizens out here who has earned Malaysian income...

If so -- 3 questions:

1) I need help understanding if there is dual taxation or not (required to pay both Malaysian and U.S. taxes on this Malaysian-earned income)..! I'm asking because I need to create a budget and propose a salary for a possible job.

I had read that there is no country agreement between U.S. and Malaysia for eliminating dual taxation, however, if this is really true, then somewhere around 50% of my already-low income would go to taxes... !

2) I had also read that in some cases, U.S. citizens can be exempt from U.S. taxes in this scenario if the total income earned is below something like $96,000 (US dollars?); I also read that even if that didn't apply to someone, then they could at least apply for not being taxed on housing costs. (here is the link where I read this information: http://greenbacktaxservices.com/blog/us-expat-taxes-malaysia-guide/ ). I'm wondering if all this is true.

3) What is the least expensive, most helpful tax service you have personally used or know of whom I could consult or pay to do proper paperwork in this scenario? This Greenback tax service (link above) is something like $400, but I'd rather not spend that much, if possible.

Thanks for any and all thoughts.

GeoBlue
GeoBlue

William Russell
William Russell

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Contribute to Malaysia Network Contribute
Help others in Malaysia by answering questions about the challenges and adventures of living in Malaysia.

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