Malaysia published two related income tax exemption orders in the Official Gazette on 19 July 2022, providing exemptions in relation to foreign-source income. 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. 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 2026. This includes an income tax exemption on foreign-source dividend income of...