Malaysia published the Finance Act 2020 in the Official Gazette on 31 December 2020. Some of the main changes made in the Act include the following with effect for the year of assessment 2021 and subsequent years of assessment: New incentives rules are introduced to provide that the income received by any person in respect of an incentive scheme approved by the Minister is subject to tax at the rate specified in a new Part XVII of Schedule 1 (not more than 20%) and that the income of an individual resident who is not a citizen and exercises employment in...