Question

can someone help me with my homework?

. CELCOM Stay In Sta... 3:58 PM @ 38% < GROUP ASSIGNMENT - WHT and Ta... QUESTION 2: (a) Tax need not be withheld on royalties, unless they are paid by a Malaysian company to a foreign company where the tax to be deducted is 10%. Required: The above statement is inaccurate or incomplete. State the correct position of withholding tax for royalties. (8 marks) (b) Wing Sdn.Bhd is responsibility to pay royalties of RM70,000 to Way Pte Ltd for the financial year ended 31 December 2018. Wing Sdn.Bhd paid RM63,000, net of tax to Way Pte Ltd on 30 December 2018. The company claimed the entire RM70,000 as a tax deduction to arrive at the chargeable income of RM800,000 for YIA 2018. Wing Sdn.Bhd submits its tax return Form C for YIA 2018 on 31 July 2019, showing a tax charge of RM192,000 (24% of RM800,000). As at 31 August 2019, Wing Sdn Bhd did not yet submit the Withholding tax to IRB Required: i) Compute the amount of penalty that the Director General can impose on Wing Sdn.Bhd for Y/A 2018. (7 marks) ii) Compute the amount due to IRB as at 31 August 2019. (5 marks) (c) Would your answer be the same in (b) if Wing Sdn Bhd is a pioneer company enjoying full income tax exemption under the Promotion of Investment Act 1986? (5 marks) (Total: 25 marks)

Answer 1

PLEASE----PLEASE KINDLY UP VOTE IT HELPS ME A LOT THANK YOU IN ADVANCE

Answer: According to the concept given in the question * The given statement is INACCURATE because the gross amount of royality which is te be paid to non-resident payee will be subject to a with holding tax of 10% of any other tax rate which haveen been poescoibed under double taration agsecment. between Malaysia and the country where the non-resident payee is a tax besident. This will be the final rate of with holding tax per the CHEGG guidelines, we can answer only one question, sorry for the interruption, please repost the question to get remaining * As answers.