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Malaysia Terminates Special Income Remittance Program for Foreign-Source Income

|Approved Changes|Malaysia
Malaysia

The Inland Revenue Board of Malaysia has announced the termination of the Special Income Remittance Program (Program Khas Peremitan Pendapatan - PKPP) with effect from 11 March 2022. The PKPP was provided considering that the 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 …

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