The Inland Revenue Board (IRB) has updated its guidelines on tax treatment for foreign-sourced income, effective from January 1, 2022.

These changes make it easier for companies and individuals in Malaysia to qualify for tax exemptions on foreign dividend income.

Previously, to get a tax exemption, one had to meet stringent conditions related to business activities, taxation levels, and tax rates abroad.

Now, taxpayers can choose between proving substantial business activities or meeting specific tax conditions in the foreign country.

For more details, visit IRB’s guidelines https://lnkd.in/gfqW2uTZ

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