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2020-09-28

【Wealth Succession】

MALAYSIA: Concessions made on tax residency during COVID-19

Malaysia's Inland Revenue Board has released updated guidance on international tax issues arising from COVID-19 travel restrictions, amending the guidance issued in May 2020. It addresses tax residence status, cross-border employment income, and the potential creation of a permanent establishment in Malaysia. For tax residency day-counting purposes, a temporary enforced absence from Malaysia caused by coronavirus travel restrictions will be counted as absence, but temporary enforced presence in Malaysia will not be counted as presence.

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