Finance Act 2021
1. On 31 December 2021, the Finance Act 2021 was Gazetted. 2. The Finance Act 2021 and the Finance Bill 2021 are identical. 3. Schedule 6 to the principal Act is amended in Part I— 👉 by substituting for paragraph 28 the following paragraph: 👉 “28. The income arising from sources outside Malaysia and received […]
No More Exemption on Foreign Sourced Income Remitted to Malaysia
1. No more Exemption on Foreign Sourced Income remitted to Malaysia! 2. This is undoubtedly a contentious subject, as many taxpayers were taken aback by the move in Budget 2022 to tax foreign-sourced income received by Malaysian individuals and corporate residents. 3. Any taxes paid outside of Malaysia on the foreign income remitted can be […]
Finance Bill 2021
CCS Library – Finance Bill 2021 – PDF 10