- Prasna Devi
📢 Attention to Individuals With Foreign-Sourced Income [FSI] 📢
The Ministry of Finance (MOF) just updated that the government has agreed to EXEMPT all types of foreign incomes of individuals from tax, and has also extended the exemption to dividend incomes earned by limited liability companies and partnerships.
🗓️ The exemption would be effective for 5 YEARS from Jan 1, 2022 until Dec 31, 2026.
📝 TAKE NOTE - FSI received in the year of assessment 2022 will be exempted from tax calculation for the purpose of Cukai Makmur.
If you have more questions or need help with taxation, reach out to us via WhatsApp at https://wa.me/60143248237.