LHDN Responses to CTIM Comments on FAQ on 2% Withholding Tax Deducted from Payment by Payer Company
1. Following the publication of a frequently asked question (FAQ) by the Inland Revenue Department (IRD) on the 2% withholding tax deducted from payments made by payer companies to agents, dealers, and distributors, the CTIM wrote to the Inland Revenue Department on 5 April 2022 requesting clarification on a number of points that had been […]
Malaysian Code on Corporate Governance (MCCG) 2021 – Key Updates
On April 28, 2021, Securities Commission Malaysia (“SC”) released an updated version of the Malaysian Code on Corporate Governance (“MCCG”), which includes the introduction of new best practices and additional guidance to strengthen the governance culture of corporate Malaysia. Some of the key updates: 👉 Duration for Independent Directors’ Tenure; 👉 Disproportionate Remuneration to Liability; […]
