Announcement: Implement of Withholding Tax
We would like to bring to your attention that effective from July 2018 bonus month, the Company is required to withhold 10% as Withholding Tax from the income earned by our non-Malaysian members. This tax will in turn to be paid to Malaysia Inland Revenue Board (IRB) in compliance with Malaysia Income Tax Act. The deduction is applicable on every bonus payout.
Hence, the Company would like request all our Non-Malaysian members to file in a Declaration Form to state their resident status in Malaysia.
The Declaration Form can be obtained from our Customer Relation Team or download from here.
“Withholding Tax – is an amount of tax that required to withhold by a Malaysia Tax Resident Company on income earned by a non-Malaysian tax resident”