The Inland Revenue Board of Malaysia has issued Public Ruling No. 2/2018 to explain the tax treatment in respect of tax incentives in relation to the Returning Expert Programme (REP) to attract Malaysian citizens who work overseas as a professional to return to work in Malaysia. The REP was introduced to attract Malaysians who work overseas to return to Malaysia in certain areas of expertise to contribute to national development. Individuals who have been approved under the REP are eligible to enjoy a preferred flat tax rate of 15% on taxable employment income for a period of 5 consecutive years...