25 lines
898 B
Python
25 lines
898 B
Python
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"""Malaysia regime — 0% on foreign-sourced income for individuals.
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Under the Income Tax Act 1967 s.3 + para 28 sched 6, foreign-sourced
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income received by an individual is exempt — extended to 2036 by the
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Finance Act 2022. Our portfolio is wholly foreign (US/UK ETFs, GBP
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brokerage, RSU vests already taxed at source), so all flows fall
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outside Malaysian tax.
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We do NOT model the MM2H visa fee, healthcare, or property purchase
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costs — those belong in the spending budget, not the tax engine.
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"""
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from __future__ import annotations
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from decimal import Decimal
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from fire_planner.tax.base import TaxBreakdown, TaxInputs, TaxRegime
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class MalaysiaTaxRegime(TaxRegime):
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name = "malaysia"
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def compute_tax(self, inputs: TaxInputs) -> TaxBreakdown:
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del inputs # all foreign income is exempt
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return TaxBreakdown(notes=("malaysia-foreign-exempt", ), other=Decimal("0"))
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