Wrestling with the complex spheres of the tax treaty law.
A Malaysian company had failed to deduct withholding tax in respect of payments for “handling and repacking” charges rendered by a Singapore company (“the non-Resident Company”). Do the payments for “handling and repacking” charges equate to royalty payment?
Learn about the WHT basis. It is essential to understand what it is and how to manage cross-border transactions. Understanding your business's fundamental cross-border (potential) risks will allow you to manage your tax risk with confidence.
The international taxation law is used in this seminar to describe the rules and principles that together form how Lembaga Hasil Dalam Negeri Malaysia asserts and limits its jurisdiction to tax cross-border flows of income. However, you should be aware that there is no universally accepted view of the precise nature of international tax law, and there is even a view that there is no overarching international tax regime. That there are competing views in this area is of little surprise.
As you will discover, taxation is a highly controversial and politically driven area of study, making it even more exciting and exciting. This program is a mix of practical experience and academic knowledge.
What you'll learn:
- Singapore/Malaysia tax system
- The operation of withholding and its criticisms
- Treatment of royalties under Articles 12 OECD MTC
- Exploratory case study: TS Sdn Bhd v Ketua Pengarah Hasil Dalam Negeri
Who should attend: Both tax and non-tax trained junior executives or anyone interested in understanding the impacts of international tax/cross-border transactions on their line of work.
Presenter: Kevin Lee, a business finance professional and subject-matter expert in the tax practice.