Malaysia Withdraws Withholding Tax Exemption on Certain Payments from MSC Status Companies
The Malaysia Digital Economy Corporation (MDEC), which oversees that Multimedia Super Corridor (MSC) Malaysia initiative, has announced that the withholding tax exemption on certain payments received by non-residents from MSC status companies in Malaysia is withdrawn with effect from 1 January 2020. This includes the exemption on payments of:
- fees for technical advice or technical services;
- l…