WITHHOLDING TAX

Withholding tax is a mandatory deduction applied to payments made to non-resident individuals or entities for services rendered, technical advice, rental, or the use of movable property. This tax is collected and paid directly to the Inland Revenue Board of Malaysia (IRBM) by the payer.

Key Services Include:

• Compliance with Withholding Tax Regulations: Ensuring timely and accurate deduction and payment of withholding tax to IRBM.
• Payment Categories Covered: Contract payments, royalties, technical fees, rental payments, interest, and income under specific tax sections.
• Withholding Tax Rate Advisory: Assistance in determining applicable tax rates based on the Income Tax Act 1967.
• Documentation & Reporting: Proper documentation and submission to ensure compliance with statutory requirements.
• Expert Guidance on Cross-Border Transactions: Ensuring smooth handling of payments to non-residents while adhering to local tax laws.

Our team simplifies the complexities of withholding tax, helping businesses stay compliant and avoid unnecessary penalties.