Interest 15%, Royalties 15%, Contract Payments 10% + 3% , Public Entertainers 15%, Special Classes of Income 10%, Other Income under S.4(f) 10%

g ACC2111_Revision_23.11.2020_On_Ans.pdf.pdf - Adobe Reader File Edit View Window Help Question 1 (202001) Syarikat Makmur Sdn Bhd, a Malaysian resident company operating business in Selangor. 1. Syarikat Makmur Sdn Bhd signed an agreement with Eylus Ltd, a non-resident company, to provide a report addressing the industry structure, market conditions and technology value for the Multimedia Super Corridor Grant Scheme. The consultant from Eylus Ltd was in Malaysia for preliminary discussion on the project. The total fees paid for the project was RM20,000. The report was later completed overseas. 11. A RM31,000,000 lump sum payment to a non-resident construction company, China Engineering Pte Ltd. The payment consists of RM Payment Construction materials 18,560,000 Payment for lease of construction equipment 9,500,000 Contract service 2,940,000 ons iii. Syarikat Makmur Sdn Bhd made payment of RM27,000 to Mr. Philip, a resident of United States, being interest on the RM900,000 loan at the rate 3% per annum. The loan is used for the construction. em iv. Payment of 30,900 to LetBy Pte Ltd, a Germany technology company, for the right to use its trade mark be V. Payment of RM230,000 to ALM (M) Sdn Required: a) Explain with reason, whether each of the above payments is subjected to withholding tax. (15 marks) b) Compute the withholding tax (if any) for the above transaction. (10 marks) (Total 25 marks) Q o ji c o J' u V 33C Mostly sunny 4) ENG 4:37 PM 20/7/2021 g ACC2111_Revision_23.11.2020_On_Ans.pdf.pdf - Adobe Reader File Edit View Window Help Question 1 (202001) Syarikat Makmur Sdn Bhd, a Malaysian resident company operating business in Selangor. 1. Syarikat Makmur Sdn Bhd signed an agreement with Eylus Ltd, a non-resident company, to provide a report addressing the industry structure, market conditions and technology value for the Multimedia Super Corridor Grant Scheme. The consultant from Eylus Ltd was in Malaysia for preliminary discussion on the project. The total fees paid for the project was RM20,000. The report was later completed overseas. 11. A RM31,000,000 lump sum payment to a non-resident construction company, China Engineering Pte Ltd. The payment consists of RM Payment Construction materials 18,560,000 Payment for lease of construction equipment 9,500,000 Contract service 2,940,000 ons iii. Syarikat Makmur Sdn Bhd made payment of RM27,000 to Mr. Philip, a resident of United States, being interest on the RM900,000 loan at the rate 3% per annum. The loan is used for the construction. em iv. Payment of 30,900 to LetBy Pte Ltd, a Germany technology company, for the right to use its trade mark be V. Payment of RM230,000 to ALM (M) Sdn Required: a) Explain with reason, whether each of the above payments is subjected to withholding tax. (15 marks) b) Compute the withholding tax (if any) for the above transaction. (10 marks) (Total 25 marks) Q o ji c o J' u V 33C Mostly sunny 4) ENG 4:37 PM 20/7/2021