Which Income Tax Form Should Freelancers Use: Form B or Form BE?
The Distinction between a Freelancer and an Employee The distinction between a freelancer and an employee is based on the nature of the working relationship between the individual and the company or person for whom they work. Here are some key factors that can help determine whether an individual is a freelancer or an employee: […]
Foreign Source Income: Meaning of “Received in Malaysia”
Effective 1 January 2022, the tax exemption for foreign-sourced income (“FSI”) received by Malaysian residents provided for under Para 28 was removed following the Budget 2022 made on 29 October 2021. The removal of the tax exemption for foreign-sourced income received by Malaysian residents implies that this type of income will be taxable in Malaysia, […]
Foreign income received in Malaysia which is exempted from tax from 1.1.2022 until 31.12.2026
Effective 1 January 2022, the tax exemption for foreign-sourced income (“FSI”) received by Malaysian residents provided for under Para 28 was removed following the Budget 2022 made on 29 October 2021. Hence, Foreign Income received in Malaysia which is eligible for the tax exemptions are as follows: Below is a summary of the exemption of […]
