Question
I'm a newbie entrepreneur living in Malaysia and i don't knw a whole lot about taxes because i'm not employed by a huge corporation. I make a living with my online revenue.
Does double taxation agreement apply? where i don't have to be taxed again?
if yes, do i still need to declare? What are the white and grey areas on this?
I don't want to break the law yet i want to knw the current loopholes of earning an income that is already being taxed outright @30%
Answer
In this case, amazon kindle direct publishing takes 30% at the source before paying out .everyone is not exempted from this 30% withholding unless their country has a treaty with the US gov...