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17 Year Old Malaysian Boy Made RM10,000 in a Month
Filed in: Make Money Online, Malaysia — January 29th, 2008
Labanon, a 17 year old Malaysian boy, has successfully made RM10,000 (USD3,083) online in a month. Most of the income generated from an ebook he published. Other income is from his freelance design projects.
This is a truly “Malaysia Boleh!” story. While friends are still getting pocket money from their parents, Labanon is probably earning more than his parents! Eventhough the ebook sales will fade out by time, Labanon will have more e-products coming.
This is Internet, age is not important but your skills are. Labanon has the skills: Internet marketing, graphic design, copywriting, etc. If you can put your skills into products then you can make money online.
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January 29th, 2008 at 7:11 am
This is great news, good for him, the net has flattened the playing field a little.
January 29th, 2008 at 7:24 am
Does this make him the youngest taxpayer as well? hahahahaha….
January 29th, 2008 at 7:35 am
@GeminiGeek: interesting question. have to ask accountant about the tax paying for under 18
January 29th, 2008 at 8:07 am
Hi LcF, Long time no comment here, :D.
How is it going?
Anyway, I know this person, and he’s quite an active IM. If I’m not wrong, he started when he was 15 (2006). He has written a lot of ebooks and made successful sales.
January 29th, 2008 at 8:40 am
How about this guy? He is 13 year old. Oh no I shld said 14 yar old now. http://www.planetmy.com/blog/make-money-online-with-a-13-year-old/
January 29th, 2008 at 10:38 am
Carl Ocab is not Malaysian…
January 29th, 2008 at 10:41 am
That 14 years old boy is from Philippines, not Malaysia…
Anyway, this news should open up others IM coz he can success while he is still young
P/S:his exam had already over, thats why he got much time….
January 29th, 2008 at 11:36 am
Thanks a lot to bro LiewCF because of this post. I really appreciate it.. I also want to be successful like others Big IM and I hope that my dream come true soon
I really work hard the got RM10k this month and alhamdulillah thanks God because finally I got it… Malaysia Boleh!
Thanks to everybody that support me
Thanks again to bro LiewCF and sure I will work more harder after you read this post!
p/s: Got to go.. I need to finish my design order!
January 29th, 2008 at 11:37 am
It’s Internet technology age…kids nowadays are lucky. Internet was just introduced to me when I was 13. =.=
January 29th, 2008 at 1:41 pm
true example of the flat world. indeed.
January 29th, 2008 at 5:01 pm
Congratulation to labanon..Finally his work successful and got his 10k earning..
January 29th, 2008 at 5:08 pm
Don’t you guys know that money earn from Internet is TAX FREE? Although you still need to submit your tax forms…
January 29th, 2008 at 5:19 pm
@Raymond: income from Internet is NOT tax free, as long as you stay in Malaysia.
January 29th, 2008 at 5:42 pm
who ask you report ur tax hahaha…. Are u?
January 29th, 2008 at 5:46 pm
erm…park your money at overseas account like singapore…when u need to spend you transfer back to malaysia
January 29th, 2008 at 5:50 pm
Anyone is taxable under the income tax act if I’m not mistaken, as long as they’re earning money in Malaysia, what more to say if you’re tax resident in Malaysia. I’ll go through the Income Tax Act and see if there’s any age limitation.
Well, since Labanon is young, I guess he avoid the hassle of paying taxes if he didnt buy any expensive asset, like a car or a house. If you buy such assets, usually you’re screen through and yes, somehow the Inland Revenue Board (IRB) knows that you’re buying such assets. However, one have to earn at least RM23k-RM24k of income annually before they’re taxed at RM1. But that is if you’re not claiming any other reliefs lah (other than the automatic personal relief of RM8,000)…
@Raymond: Please don’t be confused with online income and foreign income remitted to Malaysia. Your online income is taxable under the Income Tax Act because you’re blogging in Malaysia. It is considered as a business operating in Malaysia, therefore it is taxable. The reason there’s exemption for foreign income remitted to Malaysia in the Act is because it is assumed that you’ve paid tax in that foreign country. So, if you’re not taxable in that country for that income you produce, consider yourself lucky, cos you’re not taxed in either country.
January 29th, 2008 at 6:04 pm
yes, you gotta pay tax, if not. how can you buy a car or a house? they would question you on the source of income… unless you don’t want to buy a house or car for the rest of your life…
I was think, would be it a better idea to set up a company and channel the money to the company’s account and spend first, say pay yourself RM2499 per month and the rest use it for house or car loan, i believe, you would not have to pay income tax then… right?
a very good discussion idea.
January 29th, 2008 at 6:48 pm
@Planet Malaysia: I DO report my income and pay income tax.
As long as you are living in Malaysia and getting income, you need to do income tax. Here are examples:
1. My dad is working in Indonesia whole year, therefore he DOES NOT need to pay income tax in Malaysia, but still need to report.
2. My income is coming from oversea but I live in Malaysia, I HAVE TO pay income tax.
I hope this make the thing clear.
January 29th, 2008 at 7:03 pm
Any income remitted to Malaysia is taxable in Malaysia, even if it is a foreign source income. However, there is a uniteral relief or bilateral relief which you can be claim for the foreign source income(condition apply), depends on any Double Tax Agreement sign between Malaysia and the country which your income from. The foreign source income is EXEMPTED to tax in Malaysia only if there is Permanent Establishment in that foreign country and few others conditions apply.
A chargeable person refer to any company/body of person/individual who have any income derived/remit from/to M’sia, no age limit. Just that if a person is under age of 18 and is receiving income, then his/her parent cannot claim the child relief for that person.
Hopefully I am correct.
January 29th, 2008 at 7:17 pm
Correction: the word “remit” should be “received”
LcF, your dad is not taxable in Malaysia because his employment income is derived outside Malaysia and he is Non-Resident in Malaysia for that Year of Assessment. Therefore his income is exempted from Malaysia Tax, but I believe he is taxable in Indonesia.
PS. Non-Resident doesn’t mean he is not citizent.
January 29th, 2008 at 7:30 pm
If set up a company and use the company account to pay for house and car loan, the amount may not be deductable as they are capital expenses. Further, the interest for corporate loan usually is higher than the individual loan.
January 29th, 2008 at 7:55 pm
it is not just “malaysia boleh” it is “WALAUＡ！！！！！！！！＂
January 29th, 2008 at 9:25 pm
Wow. Wonderful job by a kid. When i was 17, my mother still breast feeding me. lolx
January 29th, 2008 at 11:02 pm
tahniah…..
January 30th, 2008 at 8:40 am
I believed he won’t concentrate on his study anymore since he have so much of money.
January 30th, 2008 at 11:35 am
As a conclusion, we must report and pay income tax.
–blog for dream–
January 30th, 2008 at 7:09 pm
Yeah. My lecturer likes to remind us:
Tax Evasion is a CRIME!
January 31st, 2008 at 8:54 am
oldies like me can’t keep up with all this young blood.sigh
January 31st, 2008 at 3:55 pm
ermm,gratz to labanon..
i also making money from internet, now i am 17 years old too and from malaysia..
but i not making so much money in a month, i just a newbie..
wish me success..
January 31st, 2008 at 5:37 pm
Does anyone know what the e-book is about?
Ash
February 1st, 2008 at 1:07 am
good job Labanon!
February 1st, 2008 at 8:45 am
Hoho..Sampai ke sini ko labanon. Apapun, do your good job and its really excellent! No wonder you can earn that well!
February 1st, 2008 at 9:45 pm
wa..review from LiewCF..great platform to boost up your popularity..well Labanon..good job and maybe you be the youngest Internet Millionaire in M’sia one day?:)
February 5th, 2008 at 9:46 pm
walawei! RM10,000… such a big number for newbies. I don’t know wether it is true or not because he asked me for adsense tips last month. Why don’t he buy a camtasia and record his earning? i’ll trust him after that. RM10,000 is not a small number. If he made that number, to buy a camtasia should not be a problem for him…. and he should not ask me for the adsense tips. Better you check before you make a blog post. Thank you.
February 6th, 2008 at 1:56 pm
Kids nowadays.. really scares me!
February 8th, 2008 at 1:09 pm
Whoa.. Such an inspirational guy..
I am 30 and don’t get that earning..
Must keep up and do something…
February 9th, 2008 at 1:08 pm
wow..its awesome…like it..
the diffs of boys..
you must make 1 million when 21..
keep up!!
February 10th, 2008 at 4:47 pm
That is the proof of hardworking.
I salute Labanon coz he start early in internet marketing while me, in the last years, still donno what to do with my life at that age
I admired Labanon a lot, since i knew him in a forum.
-Shueqry-
February 10th, 2008 at 11:25 pm
congrats labanon, i’m one of buyer of his recent(i think) ebook and apply some of the content
February 13th, 2008 at 12:03 pm
Many of us reading in this forum are person more or least wanting to do Internet Marketing, because we heard too much says about IM is earning big money. We all do believe this Thinkings.
But ask yourself, so much we read, either from LiewCF.com of other IM inspired blog or website, how many of us really sit down, cracking our head and jot down notes and start doing IM? Some have started but halfway stop because of one ‘dunno-why’ reason <–erhhmmm. eg. myself
Guys, I believe this Labanon is someone with good self discipline kid that start from scratch to RM10k a month. If we want to earn the same, start doing the same
Wish all have a Well Journey In year 2008!
February 14th, 2008 at 2:59 pm
Congratulation to Labanon, let we work hard for 2008…
March 8th, 2008 at 4:00 am
really wonderful newssssss.. GOOD LUCK TO YOU LITTLE VIRTUOS
May 8th, 2008 at 3:03 pm
I realy envy young kids making a lot of money nowadays..
May 15th, 2008 at 11:38 am
Labanon… Congratz for the real income! Keep up the hard work!!
September 25th, 2008 at 3:02 pm
that’s correct.. all you need is the skills..