January 2023

Amended Guidelines on Tax Treatment of Income Received from Abroad

In the Guidelines on Tax Treatment in Relation to Income Received from Abroad issued by the Inland Revenue Board ["IRB"] on 29th September 2022, it explains the tax treatment and exemption of foreign-sourced income received by residents in Malaysia pursuant to the amendment of Paragraph 28, Schedule 6 of the Income Tax Act 1967, effective 1st January 2022.