MM2H & Tax Incentives With the MM2H Visa, you can look forward to rather generous tax breaks. |
Arguably, one of the MM2H Visa's top benefits is the fact that all MM2H-holders' income remitted into Malaysia from overseas is fully tax-exempt. In other words, as long as the funds in question have been derived outside Malaysia, they can be transferred into Malaysia 100% tax-free. What's more, since there is no inheritance tax in Malaysia, any and all assets can be bequeathed to MM2H-holders tax-free too. Please note that income generated in Malaysia is taxable. For example, salary earned in Malaysia—if applicable—is taxed. In other words, in these cases, taxes will need to be filed, either by the MM2H-holder or by an accountant or dedicated tax consultant. Additionally, capital gains from property sales are taxable also. However, most other sources of capital appreciation are exempted from tax in Malaysia. It goes without saying that the MM2H tax exemptions are, without doubt, quite appealing indeed, particularly since most MM2H-holders' income is composed, typically exclusively, from foreign-sourced funds. Would you like more information about MM2H-related tax-matters? Use the form below. |
Some MM2H-related sites out there contain dated info. FYI, MM2H Greece was last updated on |
---|
All information contained herein is correct at time of publication. MM2H.eu cannot and will not be held accountable for any inaccuracy, omission, or obsolescence that may occur. All rates are subject to change. |
---|