Tax developments

The Malaysian Inland Revenue Board (“MIRB”) has issued its “Guidelines on Tax Treatment in relation to Income which is Received from Abroad” on 29 September 2022.  This Guidelines explain what constitutes foreign source income and how it would be taxed in Malaysia as well as any deductions or relief available.

The MIRB’s Guidelines, which are only available in the Malay language, and the KPMG Tax Whiz can be accessed via the above links.

The monthly tax developments aim to provide tax updates to your organization in a more timely manner.

We are pleased to highlight some of the notable tax updates and developments since the last update.

The relevant tax changes can be accessed via the above link.