Termination of Special Income Remittance Programme

In November 2021, the Malaysian Inland Revenue Board (“MIRB”) introduced a Special Income Remittance Programme (“SIRP”) for the remittance of foreign sourced income into Malaysia from 1 January 2022 to 30 June 2022.  Subsequently, the Ministry of Finance (“MOF”) has made an announcement to provide certain exemptions for foreign source income received by resident persons in Malaysia effective from 1 January 2022.

Following the above, the MIRB has issued a media release to terminate the SIRP, effective from 11 March 2022.  Nonetheless, taxable foreign sourced income remitted during the first half of year 2022 will still be taxed at 3% on the gross amount, and is required to be reported in the tax return for the relevant Year of Assessment.

The earlier KPMG Tax Whiz on the introduction of SIRP and the MOF’s announcement as well as the MIRB’s media release, can be accessed via the above links.

Should you have any questions or require further clarification, please do not hesitate to email or contact any of our Executive Directors, Directors, Associate Directors or Managers whom you are accustomed to dealing with or who are responsible for the tax affairs of your organization.

Petaling Jaya Office

Soh Lian Seng
Executive Director -
Head of Tax and Head of Tax Dispute Resolution
+ 603 7721 7019

Bob Kee
Executive Director -
Head of Transfer Pricing
+ 603 7721 7029

Tai Lai Kok
Executive Director -
Head of Corporate Tax
+ 603 7721 7020

Long Yen Ping
Executive Director -
Head of Global Mobility Services
+ 603 7721 7018

Ng Sue Lynn
Executive Director -
Head of Indirect Tax
+ 603 7721 7271

Outstation Offices

Penang Office

Evelyn Lee
Executive Director -
Penang Tax
+604 238 2288 (ext. 312)

Ipoh Office

Crystal Chuah Yoke Chin
Tax Manager -
Ipoh Tax
+605 253 1188 (ext. 320)

Kuching & Miri Office

Regina Lau
Executive Director -
Kuching & Miri Tax
+6082 268 308 (ext. 2188)

Kota Kinabalu Office

Titus Tseu
Executive Director -
Kota Kinabalu Tax
+6088 363 020 (ext. 2822)

Johor Bahru Office

Ng Fie Lih
Executive Director -
Johor Bahru Tax
+607 266 2213 (ext. 2514)