The Inland Revenue Board of Malaysia (IRBM) issued Public Ruling No. 1/2014 (PR No. 1/2014) on Withholding Tax on Special Classes of Income on 23 January 2014. PR No. 1/2014 was issued to replace PR No. 4/2005 and its addendums.
A 10% withholding tax rate is imposed on special classes of income that are chargeable to tax under section 4A of the Income Tax Act 1967.

PR No. 1/2014 remains largely s…

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