Executive summary
On 30 December 2021, the Malaysian Ministry of Finance (MOF) announced that it will continue to exempt certain categories of foreign-sourced income (FSI) received by Malaysian tax residents until 31 December 2026, when certain qualifying conditions are met.
This Alert summarizes the key aspects of Malaysia’s new position on FSI and the recent MOF announcement.
Detailed discussion
Overview of Malaysia’s new FSI rules
In Malaysia’s Budget 2022 announcement on 29 October 2021, the Gov…