Recent Budget 2022 proposed the Company needs to pay 2% withholding tax on commission paid to the individual agent, dealer, and distributor to IRB. The withholding tax will be levied on agents, dealers, and distributors whose annual commission exceeds RM100,000.
This course will introduce to participants the details on withholding tax on commissions.
You will learn about:
(a) Payer who needs to withhold 2% of commission and remit to Inland Revenue Board (IRB)
(b) Payee who is subjected to withholding tax
(c) Penalty for not remitting the 2% withholding tax
(d) Latest updates on withholding tax on commissions