Event

Event

 

CPD Live | Friday Tax Webinar Session 5: Withholding Tax & Double Taxation Agreements

29 Oct 2021 - Fri / 1 day / 3:00pm - 4:15pm / Zoom Webinar

This webinar will focus on the following topics:
(1) Introduction;
(2) Types of payments subject to withholding tax;
(3) Double Taxation Agreement (“DTA”) prevailing over ITA;
(4) Non-compliance of withholding tax payment.

Organisers: Bar Council

CPD Points: 1
Event Code:
T5/29102021/BC/BC213056/1

Description

This webinar will focus on the following topics:
(1) Introduction;
(2) Types of payments subject to withholding tax:
• Royalty — Section 109(1) of the Income Tax Act 1967 (“ITA”);
• Interest — Section 109(1) ITA;
• Contract payments made to non-residents — Section 107A ITA;
• Special classes of income — Section 109B ITA;
• Incomes under section 4(f) ITA — Section 109F ITA;
• Income of non-resident entertainers — Section 109A ITA;

(3) Double Taxation Agreement (“DTA”) prevailing over ITA:
• Section 132(1) ITA;
• DGIR v Euromedical Industries Ltd;
• Damco Logistics Malaysia Sdn Bhd v KPHDN;
• KPHDN v Thomson Reuters Global Resources;

(4) Non-compliance of withholding tax payment:
• Imposition of 10% penalty; and
• Taxpayer will be disallowed for tax deduction for the gross amount of the
payment made to non-resident recipient.

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