SPECIAL VOLUNTARY DISCLOSURE PROGRAM (SVDP)March 18, 2019
50% income tax exemption be given on rental income received by Malaysian resident individuals for a maximum period of 3 consecutive years of assessment ,subject to the following conditions:
- rental income received not exceeding RM2,000 per month for each residential home; (not restricted to just one residential property, but as many properties as the individual owns)
- the residential home must be rented under a legal tenancy agreement (must stamped) between the owner and the tenant; and
- tax exemption is given for the maximum period of 3 consecutive years of assessment from YA 2018 to YA 2020.