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Malaysia Amends Technical Guideline on the Tax Treatment of Foreign Income Received Including Economic Substance Requirement

|Approved Changes|Malaysia
Malaysia

The Inland Revenue Board of Malaysia (IRBM) has issued an amended technical guideline dated 29 December 2022 on the tax treatment of income received from abroad. As previously reported, the general tax exemption on foreign-source income received in Malaysia was restricted to persons not resident in Malaysia as part of the 2022 Budget measures, meaning that resident individuals and companies be…

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