B3 (a) Prosper Sdn Bhd is presently developing a premier golf course in Selangor. During the year ended 31st December 2020, the company made a payment of RM 400,000 to Mr. Stanley, a New Zealand resident, being interest on the RM 5 million loan provided at the rate of 3% per annum. The loan was used as working capital for the company. Required: i) State the amount of withholding tax. (2 marks) When is the withholding tax payable to the tax authorities? (2 marks) (b) Section 8 of the Income Tax Act 1967 requires the place of "management and control" in Malaysia as the key factor in determining the residence status of a company. Required: Explain any THREE factors that are NOT relevant for the determination of "management and control". (6 marks) Tax Rates for Resident Individuals for YA 2020 Rate % Tax Payable (RM) 1 3 8 14 Chargeable Income (RM) 5,000 15,000 20,000 15,000 35,000 15,000 50,000 20,000 70,000 30,000 100,000 150,000 250,000 150,000 400,000 200,000 600,000 400,000 1,000,000 1,000,000 2,000,000 2,000,000 On the first On the next On the first On the next On the first On the next On the first On the next On the first On the next On the first On the next On the first On the next On the first On the next On the first On the next On the first On the next On the first Above 21 0 150 150 450 600 1,200 1,800 2,800 4,600 6,300 10,900 36,000 46,900 36,750 83,650 50,000 133,650 104,000 237,650 280,000 517,650 24 24.5 25 26 28 Capital Allowances 30 Industrial buildings Plant and machinery - general Motor vehicles and heavy machinery Office equipment, furniture and fittings Initial Allowance % 10 20 20 20 Annual Allowance % 3 14 20 10