Deloitte: Taxation on foreign sourced income a significant change and will increase tax bill of companies with overseas ops
Budget 2022 expects an increase in tax collection, with corporate tax collection anticipated to rise to above 2019's pre-pandemic numbers, which is optimistic but challenging if businesses are still trying to bounce back from Covid-19, said Deloitte Malaysia tax leader Sim Kwang Gek.
Source: theedgemarkets.com