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 became subject to tax on their foreign-source income from 2022, with an initial 3% transitional tax. However, at the end of 2022, a temporary exemption for certain foreign-source income was announced for the period 1 January 2022 to 31 December...