The Finance Bill 2016 was passed by the Dewan Rakyat on 23 November 2016 and includes significant changes to the Malaysian withholding tax treatment of royalty and service fee payments made to non-residents.
The amendments include:
The proposed changes, if enacted into law, are expected to be effective in late 2016 or early 2017.
Read a December 2016 report [PDF 74 KB] prepared by the KPMG member firm in Malaysia
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