Payment must be made into the non-resident's external account or the non-resident financial institution acting on the non-resident's behalf. PwC | Doing Business In Malaysia 2023 ● To pay in foreign currency to non-residents for any purpose (other than derivatives), including settlement of ...
A WHT is a tax charged on Malaysian businesses when certain types of payments (interest, royalty, services) are made to non-resident companies. As such, the introduction of the Digital Tax increases the probability of double or maybe triple taxation to businesses. Christy Ng, founder of an on...