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Update to the deferment of withholding tax (WHT) form submissions and payments for recurring small-value WHT transactions
As highlighted in an earlier alert, the IRB issued a letter dated 12 August 2022 to the Chartered Tax Institute of Malaysia stipulating that for ease of administration and to reduce compliance costs for taxpayers, taxpayers may defer their submissions of WHT forms and payments for recurring small-value WHT, subject to conditions (see Tax Alert No. 17/2022).
Following the above, on 27 September 2022, the IRB issued a media release on the above-mentioned matter. The key updates are as outlined below:
- Effective 1 August 2022, the submission of WHT forms and the remittance of WHT payments may be made once for every six-month period, as outlined below:
|
Payments made to non-residents |
Due date for the submission of WHT forms and remittances |
|---|---|
|
1 June to 30 November |
By 31 December that year (previously 30 December) |
|
1 December (in the previous year) to 31 May (of the current year) |
By 30 June of the current year |
- The relevant date for the submission (i.e., 30 June or 31 December) is to be stated in the Forms CP37 or CP37D (as the case may be)
- Taxpayers are advised to retain the list of payees in respect of which the above-mentioned concession is applied, for verification by the IRB