Wednesday, January 26, 2011

Malaysian Bloggers Earn Up to $1 Million MYR Annually?

Fellow Malaysian bloggers are earning up to RM1 million annually and their revenue are taxable income.
The first news in this morning that caught my eyes is about “Malaysian bloggers earn up $1 million Ringgit (~USD$327,500) annually”.
“Wow! Who is that?”
According to the daily [Berita Harian], 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.
[via TheStar Online]
Apparently, Mira is NOT the millionaire blogger. The RM1 million revenue is for fellow Malaysian bloggerS.

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