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Do I need to pay withholding tax for digital advertising fee? If I did not make payment for withholding tax, is the advertising fee tax deductible? If you are paying the digital advertising fee to a non-resident for the usage of an application, then the digital advertising fee is subject to withholding tax because it…
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Do I need to prepare Form CP58 for a one-time commission? It depends on the amount of commission. If the payee receives more than RM5,000 in a calendar year from the company, then the company must prepare Form CP58 for that payee.
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Should I prepare Form CP58 to employees who receive commission? No, if the person receiving the commission is your employee, the company should fill in the commission amount in the employee’s EA form instead of Form CP58.
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Are the professional fees charged by tax agent on tax audit consultation and preparation of transfer pricing documents tax deductible? They are not tax deductible because they are not classified as tax filing fees.