Doing It the Right Way!

xoxoxo · 26-01-2011, 03:07 PM

This news may be from KL but here in SG, don't play play hor. If you want to be in online sales for the long term then do it the right way. Register your business with ACRA and file your income tax accordingly. Chances are unless you are doing super duper good, you may not need to pay any income tax or may be minimal taxes.

M'sian bloggers earn up to $327k annually

ANN - Monday, January 24
Kuala Lumpur (The Star/ANN)

Bloggers and blog operators these days are able to chalk up revenues of up to RM1mil (US$327,000) annually, according to Malaysian newspaper Berita Harian's front-page report.

According to the daily, bloggers, who post their personal accounts are now exploiting their blogs for business transactions or advertisement placements, earning an average monthly income of RM70,000.

The daily highlighted blogger Mira Abu Bakar, whose highest monthly income revenue through advertising revenue was RM12,000 in 2008.

Mira, who has been operating her blog Redmummy.com since 2005, earns an average monthly revenue of RM2,000.

She admitted that she had to declare her side income with the Inland Revenue Board (IRB) as she was unaware about it until she received an audit.An IRB spokesman said online businesses including via Facebook were bound by the Income Tax Act 1967 and their income were taxable just like fixed income.

Nuffnang (M) Sdn Bhd manager Nicholas Chay said hat revenue of a blog depended on the number of viewers and visitors at a certain period.

He said popular blogs could earn huge profits because advertisements or product reviews posted.

26-01-2011, 03:07 PM	#1
xoxoxo Senior Member Join Date: May 2007 Location: East Posts: 186 My Reputation: Points: 10/ Rep Power: 18	Doing It the Right Way! This news may be from KL but here in SG, don't play play hor. If you want to be in online sales for the long term then do it the right way. Register your business with ACRA and file your income tax accordingly. Chances are unless you are doing super duper good, you may not need to pay any income tax or may be minimal taxes. M'sian bloggers earn up to $327k annually ANN - Monday, January 24 Kuala Lumpur (The Star/ANN) Bloggers and blog operators these days are able to chalk up revenues of up to RM1mil (US$327,000) annually, according to Malaysian newspaper Berita Harian's front-page report. According to the daily, bloggers, who post their personal accounts are now exploiting their blogs for business transactions or advertisement placements, earning an average monthly income of RM70,000. The daily highlighted blogger Mira Abu Bakar, whose highest monthly income revenue through advertising revenue was RM12,000 in 2008. Mira, who has been operating her blog Redmummy.com since 2005, earns an average monthly revenue of RM2,000. She admitted that she had to declare her side income with the Inland Revenue Board (IRB) as she was unaware about it until she received an audit.An IRB spokesman said online businesses including via Facebook were bound by the Income Tax Act 1967 and their income were taxable just like fixed income. Nuffnang (M) Sdn Bhd manager Nicholas Chay said hat revenue of a blog depended on the number of viewers and visitors at a certain period. He said popular blogs could earn huge profits because advertisements or product reviews posted.

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