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TaXavvy Issue 3/2022
In this issue:
FAQ in relation to Withholding Tax on Payments Made to Agents, Dealers and Distributors
The Inland Revenue Board has issued the FAQ on the deduction of tax at 2% on payments made to agents, dealers or distributors by a company under Budget 2022.
Incentive for Manufacturers of Pharmaceutical Products
The Income Tax (The Incentive for Manufacturers of Pharmaceutical Products Scheme) Rules 2022 has been gazetted. The Rules is effective from the year of assessment 2021.
TaXavvy is a newsletter issued by PricewaterhouseCoopers Taxation Services Sdn Bhd. While 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. PricewaterhouseCoopers Taxation Services 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.
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