That said income earned overseas remitted to Malaysia by a resident or individual is exempted from tax. In this light every individual is subject to tax on income accruing in or derived from Malaysia.
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As the name implies individual income tax in Malaysia is imposed on earned in Malaysia or received in Malaysia from outside Malaysia.
. According to the Global Competitiveness Report 2021 the Malaysian economy is the 25th most competitive country economy in the world. The economy of Malaysia is the third largest in Southeast Asia and the 34th largest in the world in terms of GDP. The 2018 labour productivity of Malaysia was measured at Int55360 per worker the third highest in ASEAN.
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