Corporate - Significant developments

Last reviewed - 09 December 2022

Foreign-sourced income taxed upon remittance into Malaysia

Foreign-sourced income of all Malaysian tax residents, except for the following (subject to conditions), which is received in Malaysia, is no longer exempted with effect from 1 January 2022:

  • Dividend income received by resident companies and limited liability partnerships.
  • All classes of income received by resident individuals, except for resident individuals who carry on business through a partnership.