Technical Guideline on the Tax Treatment of Foreign Income Received in Malaysia
The Inland Revenue Board of Malaysia (IRBM) has issued a new technical guideline dated 29 September 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 became…
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