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Deferment of Payments of Small Value Withholding Tax for Recurring Transactions

Updated: Oct 25, 2022


The Inland Revenue Board of Malaysia (IRBM) has issued a media release (in Bahasa Malaysia) dated September 27, 2022, that provides several updates and clarifications on its letter to the Chartered Tax Institute of Malaysia (CTIM) dated August 12, 2022, as well as the rules concerning withholding tax (WHT) form submission and WHT payment of small value for recurring transactions.


The media release can be found here:-

186.1 Deferment of Payments of Small Value Withholding Tax for Recurring Transactions
.pdf
Download PDF • 585KB




The previous media release, dated August 17, 2022, can be found here:-

185
.1 Deferment of payments of small value withholding tax (for recurring transactions) in
Download 1 DEFERMENT OF PAYMENTS OF SMALL VALUE WITHHOLDING TAX (FOR RECURRING TRANSACTIONS) IN • 1.16MB




The updated Media Release

will take effect from August 1, 2022. (Previously, the effective date was August 2022).


The WHT form and WHT payment of small value for recurring transactions can be submitted once on or before 31 December for payment transactions made to non-residents between 1 June to 30 November in the current year. (Previously, it was on or before 30 December).


When completing Form CP37 or CP37D, the column that asks for "the date the payment was credited" must have either June 30 or December 31, depending on the transaction period.


Payers are strongly encouraged to maintain a list of recipients for the small value WHT payments, as this will facilitate IRBM's verification process.


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