6 March 2018, 8:30AM - 5:30PM, MYT
The Finance Act 2017 has made some interesting changes to the Malaysian withholding tax regime, particularly with the widening of the withholding tax scope in relation to payment to non-residents in respect of services rendered offshore. Previously, only services rendered in Malaysia by non-residents were taxed. Another change sees the imposition of royalty withholding tax on any payment for the use of software to non-residents.
However, as the above amendment on taxing the payment to non-residents irrespective of whether the services were performed in or outside Malaysia was generally not well received favourably, the Ministry of Finance (“MOF”) has recently released an exemption order namely the Income Tax (Exemption) (No.9) Order 2017 which reverses the law that came into force nine months ago in January 2017.
Apart from the above, the withholding tax provisions under the Income Tax Act 1967 (“the Act”) place tremendous demand on the payers and hence, a good understanding of the Malaysian withholding tax regime is critical to avoid any potential of non-compliance penalties and might even reduce the cost of doing business!
Let us assist you to have a better understanding on the changes made to the withholding tax regime and support you in complying with the withholding tax obligations particularly, by taking you through the latest changes made together with the Practice Notes issued by the Malaysia Inland Revenue Board (“MIRB”) which provide guidance and clarification on the implementation of the amendments to Section 15A of the Act as well as the latest tax cases on withholding taxes.
Further information on the workshop is available here
Registration: Understanding Withholding Tax– 6 March 2018
|Ms. Nora Kassimat
|Ms. Haleena Azmanat
Online Registration click here
|8.30 a.m. – 9.00 a.m.||Breakfast and Registration|
|9.00 a.m. – 10.30 a.m.
||Welcome and IntroductionOverview of withholding tax regimeVarious types of withholding taxCase studies|
|10.30 a.m. – 10.45 a.m.||Tea break|
|10.45 a.m. – 12.30 p.m.||Various types of withholding tax (Cont’d)Consequences of non-complianceDouble taxation agreements / OECDCase studies|
|12.30 p.m. – 2.00 p.m.||Lunch|
|2.00 p.m. – 3.30 p.m.||Impact of Finance Act 2017 & the Exemption Order onwithholding taxCase studies|
|3.30 p.m. – 3.45 p.m.||Tea break|
|3.45 p.m. – 5.00 p.m.||Latest tax cases on withholding taxPractical issuesCase studies|
|5.00 p.m. – 5.30 p.m.||Q&A|
Certificate of attendance will be issued for 8 CPE hours.