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Malaysia Provides Withholding Tax Payment Deferral for Small Recurring Payments of Royalties, Interest, and Special Classes of Income

|Approved Changes|Malaysia
Malaysia

The Inland Revenue Board of Malaysia published a media release on 27 September 2022 that announces a deferral of the payment of "small" withholding tax on payments of royalties, interest, and special classes of income to non-residents beginning 1 August 2022. Normally, tax withheld must be remitted (paid) to the tax authority within one month from the date payment to a non-resident is made. In order to make it easier for payers making small recurring withholding tax payments, a deferral is i…

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