I read that the duration where you reside in Malaysia has an implication on this taxation as well (regardless if you are paying tax in the country where you are receiving the income) when you repatriate the money.
Anyone can enlighten?

Yeah, whole thing feels very rushed.
How do they view big expenses which are charged to credit card?
Example, work in Singapore, buy things/pay school fees/insurance/etc in Malaysia? Better off paying with SIngapore issued credit cards?
Or those paying instalment for house/cars?
Are we going to see a u-turn, at least on Singapore?

I wonder how does EPF does the book keeping, especially since a big part of the income is derived from overseas.
When they declare the dividend do they deduct the amount for this tax first before calculating the dividend?
What if the profit is held overseas until there's a need to remit it back to cover local investment/withdrawal and then pass the tax as a cost for the year where the remittance is done?

Or are they going to defer booking those profit from overseas until they need to remit the money back? Would this mean lower dividend?

Since the tax amount would be quite significant, it would be interesting to see how this work out.
In the end, the EPF is indeed a really fat golden goose now

I see, thanks for the clarification