Amendments to withholding tax regulations passed

Finance Act 2017 has been passed and gazetted. Some of the changes that could affect withholding tax requirements are highlighted here. Effective from 17 Jan 2017, a. Malaysian resident entities are required to withhold 10% (withholding tax) from all amounts paid or credited to non-residents in consideration for services, irrespective of where services are performed. Tax treaties may provide relief. Please read our earlier post on 20 Dec 2016 for more information; b. The definition of “royalty” shall now include, among others, any consideration paid for the use of or the right to use software. In other words, withholding tax of 10% could apply when a Malaysian resident entity make payment fo

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