ANNOUNCEMENT: Withholding Tax Exemption..
Announced yesterday, October 24th, 2017, the Minister of Finance II, YB Datuk Seri Johari bin Abdul Ghani has provided ministerial exemption on the recent changes to the Withholding Tax on services performed overseas. The effective the date for the relief is 6 October 2017.
The exemption provides relief for services performed overseas, effectively rolling back the status to pre 17 January 2017. The law, however, will remain on the books.
The text of the exemption INCOME TAX (EXEMPTION) (NO. 9) ORDER 2017 can be found here:
WITHHOLDING TAX EXEMPTION
AMCHAM’s members’ contribution and passion were instrumental in pushing this through. We at AMCHAM would like to thank all our Members and other contributing individuals for all their help in working with the Chamber to, not only raise this issue but, for working alongside us on this urgent matter.Should you have any questions, please send us an email at [email protected]
