Withholding tax - Payments by Companies to Resident Individual Agents, Dealers or Distributors
- ftcimpact
- Aug 16, 2022
- 1 min read
Tax news update!!!
Effective date: From July 2022
Administration: Companies that make payments to a resident individual Agents, Dealers or Distributors are required to accumulate the 2% withholding tax on a monthly basis and remit the accumulated amount to the IRB latest by the end of the following month.
Example: The withholding tax on payments made to a resident individual Agents, Dealers or Distributors in the month of July 2022 (i.e. from 1 July 2022 to 31 July 2022) must be remitted to the IRB latest by 31 August 2022.
Types of form to use: - Form CP107D – Pin 2/2022 [in PDF] https://phl.hasil.gov.my/.../pdfb.../CP107D_Pin_2_2022_1.pdf
- Appendix CP107D(2) [in Excel] https://phl.hasil.gov.my/.../pdfbo.../Lampiran_CP107D_2.xlsx
For more details, kindly refer to the IRB's media statement: https://phl.hasil.gov.my/.../KM_HASiL_09072022_PEMAKLUMAN...
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Disclaimer： The above discussion is solely for education and awareness purposes. Thank You for your continuous support
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