PwC Alert (Issue 73): Stepping forward on the one-tier system


PwC Alert (Issue 73)
Download Issue 73 (998 KB)

Amendments to Sections 108, 110, Schedule 6 and the Saving & Transitional Provisions (under Part I and II of the Finance Act 2007) provide for the introduction and transitioning from the imputation to the single-tier system.A major departure from the imputation system is that tax on company’s profits represents a final tax and dividends distributed to shareholders will be exempt from tax. Thus, the refund of tax arising from the tax deducted at source in respect of dividend income received by shareholders will be a thing of the past.

In Issue 73:

  • From imputation to one-tier system
  • Special rules for payment of dividends under the transitional provisions operational from 1/1/2008 to 31/12/2013
  • Sample of Dividend Voucher
  • Advantages and disadvantages
  • Moving forward
  • EPF ‘Beyond Savings’ – An Employer Perspective

PwC Alert is a digest of topical financial and business information for clients and business associates of PwC Malaysia. Whilst every care has been taken in compiling this newsletter, we make no representations or warranty (expressed or implied) about the accuracy, suitability, reliability or completeness of the information for any purpose. PwC Associates Sdn Bhd, its employees and agents accept no liability, and disclaim all responsibility, for the consequences of anyone acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it. Recipients should not act upon it without seeking specific professional advice tailored to your circumstances, requirements or needs.