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Malaysia Finance Act 2018 Published Including Several Tax Changes

08 January 2019

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Approved Changes

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Malaysia

Malaysia's Finance Act 2018 (Act 812) was published in the Federal Gazette on 27 December 2018. The main measures of the Act are summarized as follows: For special classes of income and withholding tax, the wording is amended with the removal of the word "technical" in respect of amounts paid in consideration of "technical" advice, assistance or services in connection with technical management or administration of any scientific, industrial or commercial undertaking, venture, project or scheme (i.e., withholding applies for both technical and non-technical advice, assistance, or services); Provisions regarding business income from a place of business in Malaysia are...