Understanding Withholding Tax | KPMG | MY

Understanding Withholding Tax

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
FOR ENQUIRY:

Ms. Nora Kassimat
nkassim@kpmg.com.my
03-7721 7122
Ms. Haleena Azmanat 
haleenaazman@kpmg.com.my
03-7721 7273

Online Registration click here

 

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Agenda
Time Programs 
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
Guide

Fees & Payment

  •  RM1,060 per participant
  • 10% discount for registration of two or more participants under the same company or group of companies / KPMG alumni members
  • HRDF application may be made under the Skim Bantuan Latihan, subject to approval by Pembangunan Sumber Manusia Berhad.

CPE
Certificate of attendance will be issued for 8 CPE hours.

Cancellation

  • A substitute delegate is welcome at no extra charge if the registered participant is unable to attend.
  • No refund will be given for cancellations received less than 14 working days before the workshop date.