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Question With effect from Jan. 1, 2022, the current income tax exemption on foreign-sourced income (FSI) received in Malaysia by Malaysian residents will be removed.

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With effect from Jan. 1, 2022, the current income tax exemption on foreign-sourced income (FSI) received in Malaysia by Malaysian residents will be removed.

Discuss what is FSI and highlights the impact to businesses and individuals.

Requirements:

Literature Review: Cited at least TWO (2) journal articles to support your arguments.

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