Although income tax is a direct tax, in certain circumstances the payer has the responsibility to withhold the tax (ITA 1967) when making payment to the non-residents.
DurationAlthough income tax is a direct tax, in certain circumstances the payer has the responsibility to withhold the tax (ITA 1967) when making payment to the non-residents. Failure to do so, the payer will suffer penalties and be prohibited from claiming a tax deduction against his own income for the payment to the other party.
The scope of these withholding taxes is ever-evolving – both at the domestic level and international level. Ignorance is no excuse and it is imperative for any person managing the day-to-day payments and accounts of a business to understand their obligations under the withholding tax provisions, and the cost of non-compliance.
An HRDF Malaysia Registered Training Provider, HR ACT has impacted the SME, local conglomerates and MNCs through innovative training and consulting solutions since 2013.
Foreign Account Tax Compliance Act training is offered by Visioon Business Solutions Sdn Bhd (VBSB). We are a dynamic technical training provider, established to support and enhance the legal knowledge of our clients, especially in technical areas related to the financial industry.
An Understanding of Malaysian Taxation and Effective Planning training is offered by Sun Advantage Resources. We specialize in Training and Human Capital Development, for both management and technical skills.
Gaining knowledge of what revenue is taxable, what expenses in deductible from the taxable revenue in, how does withholding tax works and what capital and balancing allowance and charge are, is always important in the business operation planning.
Corporate Tax Planning for SMEs course is offered by ITS Management Sdn. Bhd. (ITS Learning Center). ITS Management Sdn. Bhd. (formerly known as ITS Learning Center) is a professional training institute that gained multiple approvals from Malaysian Government Agencies.
GST training is offered by Iverson Upskilling. We focus on providing high-quality tailor-made soft skills training to corporate customers, helping them to meet their learning needs and achieve their training objectives.
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