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The following scenario relates to the next five (5) questions Lakasta Ltd is a foreign company resident in Canada. The company had awarded a contract
The following scenario relates to the next five (5) questions Lakasta Ltd is a foreign company resident in Canada. The company had awarded a contract from ExpressWay Sdn Bhd in connection with the construction of a highway in Bhd is a the business of construction in Malaysia. Lakasta Ltd had tendered with the provision of project management and supervisory services in Malaysia at a value of RM18 million, of which RM8 million is the service portion and RM10 million is the cost of materials. Two technical staff of Lakasta Ltd will be seconded and based in Malaysia until the project end. The following questions based on the above case: 2 points What is the withholding tax rate applicable to the income earned by Lakasta Ltd? 10% + 3%. 15% 3%. 10%
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