For Malaysia Tax Residents, investors are responsible to pay the applicable tax on your return earned.
Below is the calculation on how to calculate your return earned for tax declaration based on your account statement:
[Return Received + Late Return Fee Received + Early Return Fee Received - Service Fee - Withholding Tax (if applicable)]
Example: RM6,123.51 + RM142.24 + RM15.07 - RM1,589.68 = RM4,691.14
Hence, after deducting RM1,589.68 of service fees, the investor should declare a total of RM RM4,691.14 as return income.
For Non Malaysia Tax Residents, investors are liable to pay 15% withholding tax on their returns before service fees (ie, gross return earned). The withholding tax will be automatically deducted from your returns.
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