4 January 2022
The Finance Bill 2021 has recently been passed in Parliament and gazetted on 31 December 2021. One of the FA amendments, which take effect from 1 January 2022, is that only income arising from sources outside Malaysia and received in Malaysia by any person who is not tax-resident in Malaysia, would be tax exempt. Persons who are tax-resident in Malaysia would be taxed on income arising from sources outside Malaysia and received in Malaysia with effect from 1 January 2022.
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For further information regarding this article or tax & revenue law matters, please contact:
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Head Tax and Revenue Practice Group +603 2027 2828
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Partner Tax and Revenue Practice Group +603 2027 2923
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Partner Tax and Revenue Practice Group foongpuichi@shearndelamore.com +603 2027 2641 |
For further information, please contact:
Anand Raj, Head of Tax and Revenue Practice Group,
Shearn Delamore & Co
