Malaysia Double Tax Agreement Countries

For the purpose of calculating the credit, the tax payable does not take into account specific waivers, exemptions or subsidies granted by the respective jurisdictions and takes into account the tax payable without any such waivers and reductions. In the case of dividends paid by a Singapore company to a Malaysian company or to a resident holding at least 10% of the voting rights of the paying company, Malaysia shall take into account the Singapore tax payable by that company for the income for which the dividend is paid, but the credit not exceeding the malaysian tax portion; which is due. as calculated before the credit was awarded….

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