The proper management of withholding taxes on payments continues to be one of the key tax concerns of businesses as it involves not only the application of domestic tax laws, but also in appropriate cases, double taxation agreements.
Much of the difficulty lies in the proper characterisation of an income stream, which is necessary in order to apply the correct withholding tax rate. While seemingly simple, such characterisation can be a difficult analytical process. For one, a single transaction may result to several income streams, each needing to be identified. Moreover, there is a need to go beyond nominal titles and look into the substance of the income stream. The complexity increases when transactions involve multi-jurisdictional scenarios.
Malaysia Withholding Tax and Treaties Online is a comprehensive online subscription service designed to assist businesses manage this concern. The online service proactively guides the user in making the right decisions.
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Analytical commentary with emphasis on income streams which give rise to withholding tax exposure. This will equip the user a better understanding of the issues relating to its payments and is particularly helpful in understanding complex transactions, eg mixed goods/services contracts.
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Discussion on the impact of double taxation agreements including the concept of a permanent establishment replete with a rates table with explanatory notes to guide the user in choosing the optimal tax treaty jurisdiction.
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Illustrative examples to reinforce the user’s understanding.
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Easy to-apply decision charts and tax planning structures that may be used to mitigate the withholding tax risk.
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Relevant legislation, cases and guidelines and public rulings issued by the Inland Revenue Board with seamless two-way hyperlinks between these and the commentary, for a faster and more expedient manner of obtaining a snapshot of an issue.
Contents Includes:
- Concept of withholding tax
- Types of payments that attract withholding tax
- Implications of double tax agreements
- Withholding tax – Case Law (and further reflection)
- New Developments
- Index
- Section Finding List
- Case Table
- Public Ruling, Ruling, Guidelines
Product Includes:
1 single-user online license