Malaysia | Income tax (2) (3) (2)

The following Orders in respect of income tax exemption on certain foreign sources of income have recently been gazetted:

• Income Tax (Exemption) (No. 5) Order 2022 — gazetted on 19 July 2022 and deemed to have effect from 1 January 2022 until 31 December 2026; and
• Income Tax (Exemption) (No. 6) Order 2022 — gazetted on 19 July 2022 and deemed to have effect from 1 January 2022 until 31 December 2026

The following public ruling and technical guideline have recently been published on the Inland Revenue Board’s official website:

• Time Limit for Unabsorbed Adjusted Business Losses Carried Forward (Public Ruling No. 1/2022) — issued on 30 June 2022
• Garis Panduan Berhubung Layanan Cukai Ke Atas Pemaju Atau Badan Pengurusan Bagi Penyenggaraan Dan Pengurusan Bangunan Dan Harta Bersama (presently available in Malay language only) – issued on 18 July 2022