TaXavvy Issue 13/2022

In this issue:

Foreign-Sourced Income - Exemption Orders

Following the announcement made by the Ministry of Finance on 30 December 2021 in relation to tax exemption of specific types of foreign-sourced income (FSI) received from 1 January 2022 to 31 December 2026, the following Orders have been gazetted today:

Income Tax (Exemption) (No. 5) Order 2022 - Exemption of FSI received by resident individuals
Income Tax (Exemption) (No. 6) Order 2022 - Exemption of foreign-sourced dividends received by resident companies, limited liability partnerships (LLPs) and individuals in relation to a partnership business in Malaysia

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