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returning expat - advice needed
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<blockquote data-quote="goks" data-source="post: 570979" data-attributes="member: 25168"><p>Hey Guys,</p><p></p><p>Yes, what most of you said is true on the past..we had the MITI returning student overseas working malaysian...which has some benefit but not full tax free.....then Talent corp when they started, they allowed you to bring back 1 car from your host country and if its left handed, you can buy from right hand and ship tax free..then April 2010, Talentcorp changed it to 2 cars CKD.</p><p></p><p>As it stands, sale restriction is 2 years and after 2 years you can sell without having to pay tax. Yes, you make some money out of it, that probably a form of "incentive" . My ex manager, a malaysian came back MArch 2010 and he qualified for the transition of telcorp benefits between old program where you can bring from host country a car and CKD program...so he eventually purchased a Q7 at sick prices in Dubai 200K RM and i believe he got a 523i CKD in Malaysia for his brother.</p><p></p><p>The current talentcorp program ceased the import tax free status, so only CKD....so no CBU Buys....which is tough luck...i wanted an X3.</p></blockquote><p></p>
[QUOTE="goks, post: 570979, member: 25168"] Hey Guys, Yes, what most of you said is true on the past..we had the MITI returning student overseas working malaysian...which has some benefit but not full tax free.....then Talent corp when they started, they allowed you to bring back 1 car from your host country and if its left handed, you can buy from right hand and ship tax free..then April 2010, Talentcorp changed it to 2 cars CKD. As it stands, sale restriction is 2 years and after 2 years you can sell without having to pay tax. Yes, you make some money out of it, that probably a form of "incentive" . My ex manager, a malaysian came back MArch 2010 and he qualified for the transition of telcorp benefits between old program where you can bring from host country a car and CKD program...so he eventually purchased a Q7 at sick prices in Dubai 200K RM and i believe he got a 523i CKD in Malaysia for his brother. The current talentcorp program ceased the import tax free status, so only CKD....so no CBU Buys....which is tough luck...i wanted an X3. [/QUOTE]
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