Malaysia's Finance Act 2017 (Act 785) was published in the Federal Gazette on 16 January 2017. The Act includes various amendments to the Income Tax Act, Petroleum (Income Tax) Act, Real Property Gains Tax Act, and others. Main measures include:
- Service payments to non-residents are made subject to withholding tax (10%), regardless of where the services are performed;
- The definition of royalties is expanded to also include payments for:
- The use of, or the right to use, software;
- The receptio…