What is Foreign-Sourced Income (FSI)? 什么是海外收入(FSI)?
What is Foreign-Sourced Income (FSI)? 什么是海外收入(FSI)?
What is Foreign-Sourced Income (FSI)?
• Since 2022, if you are a Malaysian tax resident, any form of income earned abroad is classified as Foreign-Sourced Income (FSI). Once this income is remitted into Malaysia, it becomes subject to taxation.
• Types of Foreign-Sourced Income (FSI):
✅ Business income
✅ Employment income
✅ Dividends, interest, or discounts
✅ Rental income, royalties
✅ Pensions, annuities, or other recurring payments
✅ And more...
• 💡 Key takeaway: If you are a Malaysian tax resident, make sure to check whether your overseas income is taxable upon remittance to Malaysia!