Worldwide Corporate Taxes Summaries(2002-2003)——Malaysia（part2）
Worldwide Corporate Taxes Summaries(2002-2003)——Malaysia（part2）
责任编辑：北京中立诚会计师事务所 文章来源：北京中立诚会计师事务所 点击数： 更新时间：2006/7/11 20:23:46
Withholding taxes
Corporations paying certain types of income are required to withhold tax as follows.
Royalties
and certain
Recipient Dividends (1) Interest (2) rentals (3) (4) (5)
% % %
Resident corporations……………… Nil Nil Nil
Resident individuals ……………… Nil Nil or 5 Nil
Nonresident corporations
and individuals:
Nontreaty……………………………… Nil Nil or 15 10
Treaty:
Albania* …………………………… Nil Nil or 10 10
Australia…………………………… Nil Nil or 15 Nil or 10
Austria……………………………… Nil Nil or 15 10
Bahrain* …………………………… Nil Nil or 5 8
Bangladesh ………………………… Nil Nil or 15 Nil or 10
Belgium……………………………… Nil Nil or 10 10
Canada ……………………………… Nil Nil or 15 Nil or 10 (6)
China, P.R.………………………… Nil Nil or 10 10
Czech Republic …………………… Nil Nil or 12 10
Denmark……………………………… Nil Nil or 15 Nil or 10
Egypt* ……………………………… Nil Nil or 15 10
Fiji ………………………………… Nil Nil or 15 10
Finland……………………………… Nil Nil or 15 Nil or 10
France ……………………………… Nil Nil or 15 Nil or 10
Germany……………………………… Nil Nil or 15 Nil or 10
Hungary……………………………… Nil Nil or 15 10
India………………………………… Nil 15 Nil or 10
Indonesia…………………………… Nil Nil or 15 10
Ireland, Rep. of ………………… Nil Nil or 10 8
Italy………………………………… Nil Nil or 15 Nil or 10 (6)
Japan………………………………… Nil 10 10 (6)
Jordan ……………………………… Nil Nil or 15 10
Korea, Rep. of …………………… Nil Nil or 15 Nil or 10
Kyrgyzstan*………………………… Nil Nil or 10 10
Malta………………………………… Nil Nil or 15 10
Mauritius…………………………… Nil Nil or 15 10
Mongolia …………………………… Nil Nil or 10 10
Myanmar* …………………………… Nil 10 10
Namibia* …………………………… Nil Nil or 10 5
Netherlands………………………… Nil Nil or 10 Nil or 8
New Zealand………………………… Nil Nil or 15 Nil or 10
Norway ……………………………… Nil Nil or 15 Nil or 10 (6)
Pakistan …………………………… Nil Nil or 15 Nil or 10
Papua New Guinea ………………… Nil Nil or 15 10
Philippines………………………… Nil Nil or 15 Nil or 10
Poland ……………………………… Nil Nil or 15 Nil or 10
Romania……………………………… Nil Nil or 15 Nil or 10
Russian Federation ……………… Nil Nil or 15 10
Singapore…………………………… Nil 15 10 (6)
Sri Lanka…………………………… Nil Nil or 10 10
Sudan* ……………………………… Nil Nil or 10 10
Sweden ……………………………… Nil Nil or 15 Nil or 10 (6)
Switzerland………………………… Nil Nil or 10 Nil or 10
Thailand …………………………… Nil Nil or 15 Nil or 10 (6)
Turkey ……………………………… Nil Nil or 15 10
United Arab Emirates …………… Nil Nil or 5 10
United Kingdom …………………… Nil Nil or 10 8
Uzbekistan ………………………… Nil Nil or 10 10
Vietnam……………………………… Nil Nil or 10 10
Zimbabwe*…………………………… Nil Nil or 10 10
* Treaties pending ratification
Net profit before taxes for year ended December 31, 2002……………… RM 2,000,000
Add:
DepreCIAtion charged in accounts………………………………… 150,000
Amounts transferred to provisions ……………………………… 110,000
Donations ……………………………………………………………… 10,000
Legal fees (capital nature) ……………………………………… 3,000
Entertainment (not allowed as deduction)……………………… 40,000
Leave passage (not allowed as deduction)……………………… 50,000 363,000
2,363,000
Less:
Interest income ……………………………………………………… 500,000
Dividend income ……………………………………………………… 360,000
Profit on sale of fixed assets…………………………………… 13,000
Expenditure charged against provisions………………………… 380,000 1,253,000
Adjusted income …………………………………………………………………… 1,110,000
Add-Balancing charge on sale of fixed assets……………………………… 12,000
1,122,000
Less-Capital allowances ………………………………………………………… 37,000
Statutory income…………………………………………………………………… 1,085,000
Add:
Interest income ……………………………………………………… 500,000
Malaysian dividends (regrossed) ………………………………… 500,000 1,000,000
2,085,000
Less-Approved donations ………………………………………………………… 6,000
Chargeable income ………………………………………………………………… RM 2,079,000
Tax thereon at 28%………………………………………………………………… RM 582,120
Less-Tax deducted at source on dividends
(28% of 500,000)………………………………………………………………… (140,000)
Tax payable ………………………………………………………………………… RM 442,120
Note: Exchange rate of the ringgit has been fixed at US$1=RM3.80 since September 1, 1998.
