WITHHOLDING TAX - Recent amendment to Section 2 and 15A of the Income Tax Act 1967 under the Finance Bill 2016

AMCHAM, along with 15 member companies ,met with the representatives of Ministry of Finance (MoF), Inland Revenue Board (IRB) and Malaysian Investment Development Authority (MIDA) on December 20, 2016. The discussion centred around the impending Withholding Tax (WHT) law that applies to all services. The meeting agenda was to underscore the implications on the American business community and the industries that support them here in Malaysia. It was an open discussion where we were able to share, unreservedly, our grave and deep concerns of the new law.

 

AMCHAM is organizing a members only dialogue to meet with the Ministry of International Trade and Industry (MITI) and Y.B. Dato’ Sri Mustapa Mohamed on January 13, 2017 to press the urgency of these issues.  

 

If you would like to provide your input and help to ensure we speak as one voice, kindly drop us an email us at gr@amcham.com.my

 

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