PUTRAJAYA – The Inland Revenue Board of Malaysia (IRB) said today that effective August 1, 2022, recurrent small-value withholding tax (WHT) payment for royalty, interest and special classes of income earned by a non-resident can be made biyearly instead of monthly.
The statement added that the provision comes under Sections 109 and 109B of the Income Tax Act 1967.
IRB said that WHT payment not exceeding RM500 per transaction is eligible for the benefit and that the “payer needs to know that WHT will be paid more than once during the six-month deadline extension”.
IRB said the pay-as-you-earn tax can be submitted with the CP37 or CP37D form on or before June 30 for payment to non-resident between December 1 and May 31, or, on or before December 31 for payment between June 1 and November 30 during the year.
The payer must the state filing date in the form and keep a record of the payees for reference by IRB if necessary.
For more information or to give feedback, call the care line at (03) 8911 1000, (603) 8911 1100 (if calling from abroad), use the live chat service or fill the online feedback form on the website. – Bernama, September 27, 2022
