Paypal specifics
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Hi, I'm from Malaysia and I'm new to paypal. I'm just starting a business. Although I'm more centered on a local market, i might one day decide to expand internationally. I recently read about tax withholding and i wonder how that applies if i receive payments locally and internationally, since Paypal is a US proxy and might need an ITIN/SSN/EIN from me, which I would rather not bother with. Correct me if I'm wrong but there's a 30% tax cut from each payment that i will receive and if that's a consequence of using paypal then i would rather just stick to the traditional way and pay via local bank-bank transfer instead of using Paypal. Can someone explain this to me and correct my knowledge if i have said something wrong?
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