On 4 September 2014, the Inland Revenue Board of Malaysia issued Public Ruling No. 6/2014. The ruling clarifies the tax treatment of income of foreign fund management companies. A foreign fund management company is a company incorporated in Malaysia and licensed under the Capital Markets and Services Act 2007 that derives more than 50% of its paid-up capital from foreign equity.
Key aspects of the ruling include:
Separate Taxable Income Determination
- Income from fu…