Following Malaysian Prime Minister, Tan Sri Muhyiddin Yassin’s declaration that the entire country will be on a movement control order starting from 15th June 2021, to deal with the rise in Covid-19 cases, InvestPenang would like to inform that:
• InvestPenang office will be closed from 15th June 2021. Operation will resume when there are further directives from the government.
• InvestPenang team will still be working from home and reachable via emails. Please refer to our respective emails at https://investpenang.gov.my/about-invest-penang/.
We remain committed to support our stakeholders through this difficult time.

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As published by the Attorney General Chamber (AGC), Minister of Finance II has provided ministerial exemption on the recent changes to the Withholding Tax on services performed overseas. The effective the date for the relief is 6 September 2017.

The exemption provides relief for services performed overseas, effectively rolling back the status to pre 17 January 2017. The law, however, will remain on the books. This exemption is only provided for via ministerial exemption, there will be no change to the law in general.

Companies must retain specific records and documentation as it pertains to these services performed abroad. These records must be made available if and when LHDN chooses to review them in the future.

The link to the Federal Government Gazette Income Tax (Exemption) (No. 9) Order 2017 is as follows: https://www.federalgazette.agc.gov.my/outputp/pua_20171024_P.U.%20(A)%20323.pdf#actions=campaign-click&id=507:3425:053d678b-0bdf-4d90-9d3a-3fb1af09faa4