TaXavvy Issue 31/2021

In this issue:

Special Income Remittance Programme (PKPP)

Following the proposed removal of foreign-sourced income exemption under Budget 2022, the Inland Revenue Board (IRB) has on 16 November 2021 issued a media release to announce the offering of the PKPP to Malaysian residents which have income that is held outside of Malaysia.

The IRB has on 17 December 2021 issued the frequently asked questions on the PKPP. Highlights from the FAQ are summarised in this TaXavvy.

TaXavvy is a newsletter issued by PricewaterhouseCoopers Taxation Services Sdn Bhd. While every care has been taken in compiling this newsletter, we make no representations or warranty (expressed or implied) about the accuracy, suitability, reliability or completeness of the information for any purpose. PricewaterhouseCoopers Taxation Services Sdn Bhd, its employees and agents accept no liability, and disclaim all responsibility, for the consequences of anyone acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it. Recipients should not act upon it without seeking specific professional advice tailored to your circumstances, requirements or needs.