The Inland Revenue Board of Malaysia (LHDN) confirmed that income generated from reviews, brand endorsements and social media promotion are subject to income tax.
Since many bloggers and freelancers earn money from these activities, I thought it would be useful to have some accounting professionals answer some frequently-asked questions about taxes:
Do you need to pay income tax if you are a blogger?
Do Malaysian bloggers / freelancers need to register a business?
How do I record my income from Google AdSense / ad networks?
How much of my “income” is taxable?
In February 2019, two accounting professionals spoke to members of the Kuala Lumpur WordPress Meetup about this topic. Here are pictures and slides from the seminar. I want to give a warm thank you to:
Winnie Chua, principal of SNC Consultants Sdn Bhd
[email protected]
Rosdelima Mohd Ali Jaafar, partner at Rosdelima & Co
[email protected]
This article is a summary of their presentations at the event.
Bloggers are subject to income tax
Yes you must file your income tax. And you must pay taxes if your annual income exceed RM34,000 a year (as per 2018 guidelines). The good news is that you only pay taxes on your chargeable income, which is your total annual income minus all the tax reliefs and exemptions that Malaysians residents are entitled to.
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