MSC-status companies in Malaysia was given exemptions on withholding tax, as provided vide the Income Tax (Exemption) (No. 13) Order 2005 [P.U.(A) 102] for the payment made to non-residents on the following services:
(a) technical advice or technical services
(b) licensing fees in relation to technology development
(c) Interest on loans for technology development
The Income Tax (Exemption) (No. 13) 2005 [P.U.(A) 102] has been revoked and gazetted on 17 December 2019, and the effective date of the revocation is from 1 January 2020.
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