Withholding tax for service fee payments made to non-residents (Practice Notes from IRBM)

1. The Inland Revenue Board of Malaysia (IRBM) has, on 23 June 2017, issued Practice Note No. 1/2017: Amendment of Section 15A of the Income Tax Act 1967 Issues on Effective Date. This Note is issued to provide guidance on the implementation of the amendment to Section 15A of the Income Tax Act 1967 (ITA 1967) in Budget 2017, specifically relating to contracts signed or services performed outside Malaysia prior to the coming into effect of the said amendment. This Note can be downloaded from here: [Download Practice Note. 1/2017] 2. The IRBM has also, on 23 June 2017, issued Practice Note No. 2/2017: Amendment of Section 15A of the ITA 1967 Issues on Existing Double Taxation Avoidance Agreem

Power of Registrar to Strike Off a Business Entity for a Particular Reason

This Circular serves to clarify the power of the Registrar of the Companies Commission of Malaysia (SSM) to strike off a business entity regulated by SSM which had been found to be misusing the business by employing foreigners without the relevant permit or allowing its registered business to be conducted by foreigners. (Read document) #CorporateLaw

CCM empowered to strike off a business entity (foreign workers)

CCM vide its circular dated 10 July 2017 : CCM is empowered to strike off a business entity that is found to be employing foreigners without permit or allowing its business be conducted by foreigners. This would apply to companies, sole proprietorship, partnership and limited liability partnerships (LLP). CCM is responding to various reports that certain business entities are employing illegal foreign workers and some are reaping profit by allowing their business be conducted by these foreigners. Source: Companies Commission of Malaysia

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