Jiuhu To Cockslap All Jiuhukias Working In Singapore With A 3% Remittance Tax From 01

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Jiuhu To Cockslap All Jiuhukias Working In Singapore With A 3% Remittance Tax From 01

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22-12-2021, 04:20 PM

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Jiuhu To Cockslap All Jiuhukias Working In Singapore With A 3% Remittance Tax From 01

An honorable member of the Coffee Shop Has Just Posted the Following:

AS announced in Budget 2022, the proposal to remove tax exemption on income derived from foreign sources (withdrawal of foreign- sourced income exemption, or FSIE) and received in Malaysia by Malaysian tax residents under Paragraph 28, Schedule 6, of the Income Tax Act 1967 will come into effect on Jan 1, 2022.

Under a Special Remittance Programme announced by the Inland Revenue Board, a tax rate of 3% will be imposed on foreign-sourced income brought in by a tax resident from...

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