The Inland Revenue Board of Malaysia has announced the termination of the Special Income Remittance Program (Program Khas Peremitan Pendapatan - PKPP) with effect from 11 March 2022. The PKPP was provided considering that the tax exemption on foreign-source income received in Malaysia was restricted to persons not resident in Malaysia as part of the 2022 Budget measures, meaning that resident individuals and companies became subject to tax on their foreign-source income from 2022. However, a…