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Springice Sdn Bhd. A tax resident company is presently developing a theme park in Sg Buloh, Selangor. During the year ended 30.6.2021, the company made

Springice Sdn Bhd. A tax resident company is presently developing a theme park in Sg Buloh, Selangor. During the year ended 30.6.2021, the company made a payment of RM350,000 to Mr X, an Australian resident, being the interest of RM10 million loan at the rate of 3.5% per annum. The loan is used as a working capital of the company.

Discuss the withholding tax requirement

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