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.
Apparently, Mira is NOT the millionaire blogger. The RM1 million revenue is for fellow Malaysian bloggerS. No idea what are their source, anyway.
My two cents
Mira who made RM12000 in a month is now earn an average RM2000 each month. That’s a huge income drop! By the way, I am not surprised that a Malaysian blogger can earn over RM10,000 per month.
The total earning of Malaysian bloggers should be more than 1 million annually, I think.
One thing worth to highlight in the news is that Inland Revenue Board (IRB) Malaysia offciially announced (also on facebook) that all online income are taxable and need to be declared, which .
P.S. I would not tell how much revenue I made from full-time blogging. :)