Tax Updates Withholding Tax Understand Withholding Tax Rules and Avoid Costly Penalties scaled
withholding tax

withholding tax

payment to individuals and enterprise businesses

WITHHOLDING TAX (PAYMENT TO INDIVIDUALS AND ENTERPRISE BUSINESSES)

 

  1. Any payment for services made to an individual or sole-proprietor in the current year, where payments in the preceding year to that individual or sole-proprietor had exceeded RM100,000 are subject to withholding tax.
  2. It is the duty of the payer to withhold 10% and remit to LHDN in the appropriate forms.
  3. Non-compliance will result in penalties and LHDN may also disallow the expense resulting in a higher tax liability.
Shopping Cart