Withholding Tax Public Ruling

5 december 2018 director general s public ruling section 138a of the income tax act 1967 ita provides that the director general is empowered to make a public ruling in relation to the application of any provisions of the ita.

Withholding tax public ruling. Deloitte tax hand information and insights from deloitte s tax specialists globally. Income tax public ruling for tax audit framework pr no. Tax treatment when no payment or crediting is made to a non resident payee no tax deduction is allowed for an expense that has not been paid or credited to the non resident payee regardless of whether the withholding tax has been remitted to the malaysian inland revenue board. Thus the payee receives payment on the.

23 january 2014 director general s public ruling a public ruling as provided for under section 138a of the income tax act 1967 is issued for the purpose of providing guidance for the public and officers of the inland revenue board of malaysia. Withholding tax on special classes of income public ruling no 11 2018 date of publication. In terms of the withholding tax rules the payer is required to deduct from the gross amount due to the payee a percentage prescribed by the law. Withholding tax on special classes of income public ruling no.

Pr 11 2018 essentially incorporates changes to the law since pr 1 2014 was issued as. The irb has issued public ruling 11 2018 withholding tax on special classes of income pr 11 2018 dated 5 december 2018 replacing the earlier public ruling 1 2014 withholding tax on special classes of income pr 1 2014. 6 december 2019 page 6 of 19 item resident non resident withholding tax not applicable. Stay up to date with the latest tax news rates and commentary anytime anywhere.

Public ruling pr no. It sets out the interpretation of the director general of inland revenue in respect of the particular tax law and the policy and procedure that are to be applied. I interest1 except as exempted withholding tax under section 109 of the ita. Income tax act n0 9 of 1993 as amended section.

Withholding tax changes listed by public ruling no. Sections 107 108 157 158 and 160. 1 2014 last amended on 27 june 2018. 01 2017 main objective of a tax audit is to encourage voluntary compliance with the tax laws and regulations and ensure that the information provided in the income tax returns are accurate and in accordance with the tax laws and regulations.

Certain receipts may be subject to withholding tax such as. Lra income tax public ruling issue 1 subject. A ruling is issued for the purpose of providing guidance for the public and officers of the inland revenue board of malaysia. This change would affect companies that have.