Malaysia Issues Public Ruling on a Director's Liability for Company Tax
On 14 March 2019, the Inland Revenue Board of Malaysia issued Public Ruling No. 2/2019, which explains the liabilities of a company director in respect of the company's tax, including:
- Any tax that is due and payable by a company; and
- Any debt that is due and payable by the company as an employer in relation to tax deductions from emoluments and pensions under the Monthly Tax Deduction (MTD).…