The Minister of Finance under the Income Tax (Exemption)(No.
23) Order 1998 has granted tax exemption to all individuals resident in Malaysia
who remit their overseas monies to the country during the period from May 20, 1998
to December 31, 1998.
To obtain the tax exemption, individuals should submit the following details :
b. Identity card/passport number
c. Document which can prove that the money was remitted from foreign countries to
Malaysia, e.g. fund transfer and remittance forms.
Applications should be submitted to the following address :
Kementerian Kewangan Malaysia
(Bahagian Analisa Cukai)
Tingkat 10, Blok 9
Kompleks Pejabat Kerajaan
50592 Kuala Lumpur
Once the application is approved, they do not have to declare such
monies in their income tax return form.