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Discuss the withholding tax obligations

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Assignment:

Famous Bhd., a company resident in Malaysia, operates business hotel and tourism in Langkawi. The revenue in 2020 tremendously dropped due to pandemic Covid-19. The company must borrow loan from Japanese oversea bank RM1,100,000 with interest rate 2.8%, to ensure the business operation is still running. 1/4 of the loan is used to pay Singapore company for rental of boats and yatchs. The boats and yatchs are provided for customers' holiday package tour around the island. Famous Bhd. also make payment RM400,000 to the local artists as entertainment for the customers during weekend.

Required:

a) Discuss the withholding tax obligations of Famous Bhd. regarding to these payments.

b) Discuss the difference of withholding tax s 107 A with from other withholding taxes scope.

Reference no: EM133205472

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