Guide and Flowchart for Submission of Form and Appendix for the 2% WHT under Section 107D
On its website, the Inland Revenue Board of Malaysia (IRBM) has published the following Guide and Flowchart: The Inland Revenue Board of Malaysia (LHDNM) has provided the latest Amended Form CP107D(2) [Amendment 1/2023]. The amendment is intended to align the 2% tax deduction amount calculation. The procedure for submitting the form that must be complied […]
Frequently Asked Questions (FAQ) on Mutual Agreement Procedures (MAP)
Mutual Agreement Procedures (MAP) resolve international tax disputes between two or more countries. MAP allows the competent authorities of the countries involved to work together to eliminate any double taxation that may arise due to conflicting tax laws or interpretations. This procedure is typically initiated by a taxpayer who believes that they have been subjected […]
CTIM Online Resources can now be accessed from anywhere
The Chartered Tax Institute of Malaysia (CTIM), originally formed under the auspices of the Malaysian Institute of Accountants (MIA), was established in 1991. Currently, CTIM has approximately 3800 members comprising accountants, licensed tax agents, lawyers, members from commerce and industry and other tax practitioners like members from the IRB. Since its inception, CTIM has actively […]
Are Investors Required to Pay Taxes on Income Distributed by Unit Trust Equity and Bond Funds
Income distributed by unit trust funds, equity funds, and bond funds will be subject to taxation, and investors will receive tax credits to be claimed in their respective tax returns. Investors can claim the tax credits under Section 110(9A) of the Income Tax Act 1967 (ITA). If unit trust funds, equity funds, and bond funds […]
