Q&A on Asian Bus.

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Are foreign tax credits granted by the Malaysian tax authorities? What if Malaysia has no tax treaty with the particular foreign coutry?

  • FAQ: MALAYSIA
  • Date: 15.07.2010

In Malaysia, foreign tax credits are given whether or not Malaysia has a tax treaty with the foreign country. If there is a treaty in place, the treaty would specify the method of credit and in some cases, the exemptions. In the absence of a treaty, the Malaysian tax legislation will apply where a unilateral tax relief may be granted.

For more details, see Tax Planning & Compliance in Asia , [MAL ¶14-300] Foreign tax credits