Based on this amount the income tax to pay the. Withholding tax is a method of collecting taxes from non-residents who have derived income which is subject to Malaysian tax.
Income Tax Filing In Malaysia Income Tax Filing Taxes Income
The more you reduce your chargeable income through tax reliefs and such the lesser your final tax amount will be.
. For example lets say your annual taxable income is RM48000. Any tax resident person who is liable to make certain specified types of payments to a non-resident is required to deduct withholding tax at a prescribed rate applicable to the gross payment and remit it to the Malaysian IRB within one month of paying.
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