IRBM’s Response to CTIM on 2% tax deducted under Section 107D of the Income Tax Act 1967
The Inland Revenue Board of Malaysia has issued their responses dated 29 December 2022 to CTIM members’ issues dated 21 September 2022 on the following:-
2% tax deducted under Section 107D of the Income Tax Act 1967
Amended Guidelines dated 17 August 2022 on Deduction for Secretarial & Tax Filing Fees from YA 2022
Tax rebate under Section 6D of the Income Tax Act 1967
Gazette Order - Income Tax (Deduction for the Sponsorship of Scholarship to Malaysian Students Pursuing Studies at Technical and Vocational Certificate, Diploma, Bachelor’s Degree, Master’s Degree or Doctor of Philosophy Levels) Rules 2022 [P.U. (A) 49/2022] – w.e.f. YA 2022
In this article, we will focus on item No 1, the 2% tax deducted under Section 107D of the Income Tax Act 1967, while items No 2 to 4 will be discussed in the following articles.
1. LHDNM Media Release dated 9 July 2022 on submission of 2% tax deducted by payer companies from payments to resident agents, dealers or distributors from July 2022
According to the Inland Revenue Board of Malaysia’s Media Release dated 9 July 2022, the 2% tax deducted by payer companies from payments to individual resident agents, dealers or distributors (ADDs) under Section 107D of the Income Tax Act (ITA) 1967 are to be submitted as follows effective July 2022: