What is meant by income for 1999 being waived from income tax?

Income for 1999 which is to be waived from income tax is in respect of all income as stated under the answer for the question No. 8 above, derived from basis period 1999, except for dividend income. However, Income derived by foreign employees and non-resident individuals who commence or terminate their employment in Malaysia in the year 1999 will be subject to tax.

Income derived in the basis period 1999 means income arising and does not necessarily mean income received in the basis period 1999. Income received in the basis period 1999 but relates to employment or business transactions in the basis period 1998 or prior years will be subject to tax in the year the income arises and will therefore not be waived from income tax. For example, compensation received in year 1999 for cessation of employment which took place in 1998 will be considered as income for 1998 and not as income for 1999.

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