PwC Alert (Issue 109): Local versus foreign sourced income – A continuous debate

This Alert talks about the complex exercise of determining the locality of the source of income.

It discusses the development of several Malaysian tax cases and seeks to examine if the broad guiding principle of the Hang Seng Bank case has been adopted by the Malaysian courts.

PwC Alert is a digest of topical financial and business information for clients and business associates of PwC Malaysia. Whilst every care has been taken in compiling this newsletter, we make no representations or warranty (expressed or implied) about the accuracy, suitability, reliability or completeness of the information for any purpose. PwC Associates Sdn Bhd, its employees and agents accept no liability, and disclaim all responsibility, for the consequences of anyone acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it. Recipients should not act upon it without seeking specific professional advice tailored to your circumstances, requirements or needs.