Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A payer, who pays interest to a non-resident, is required to withhold 15% of the gross interest and remit the amount withheld to Inland Revenue
A payer, who pays interest to a non-resident, is required to withhold 15% of the gross interest and remit the amount withheld to Inland Revenue Board Malaysia within one month from the date of payment or crediting the amount to the non-resident. Explain under the Income Tax Act 1967 instances whereby interest income is deemed to be derived from a Malaysian source.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started