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Even if you're 'instafamous' you'll still have to pay tax!

Jan 17, 2019

Image: RT.com

Bad news for influencers, and anyone who earns a living from social media. 

According to the IRB, any income earned from paid reviews, brand endorsements or businesses conducted via social media is taxable.

This, if they earn more than RM 5000 a month.

The good news, is that you can also claim claim for business expenses and tax refunds, if they're applicable.

The IRB adds that in cases involving minors,  parents or their legal guardians will have to declare the incomes on their behalf.

Image: Bernama

Here's another update for social media users, all social media info and content will be monitored ahead of the proclamation of the 16th Yang di-Pertuan Agong.

The Communications and Multimedia Ministry says MCMC will particularly monitor comments and criticisms that are against the Monarchy.

It urged all social media users to exercise caution when making statements.