Cross Border Transactions and Withholding Tax

INTRODUCTION

The tax issues connected to cross border transactions can be complicated. These include withholding taxes, tax treatment of “foreign source income” and the related expenses and the consequences of sales of assets between controlled parties, to name a few. This workshop will take the participants through a detailed discussion on the important areas to be considered from and Malaysian taxation standpoint to ensure that the tax affairs of parties engaged in cross border transactions are adequately addressed. Cross border transactions encompass transfer of goods, services, capital, and technology. It is possible that more than one country has a taxation claim on income from such transactions. As a consequence, the same income may be taxed twice i.e. Economic Double Taxation Occurs. As such, Double Taxation Agreements play an important role in providing relief.

COURSE OUTLINE

PROFILE(s)

Harvindar Singh is a Fellow of Chartered Association of Certified Accountants and is a member of the Malaysian Institute of Accountants (MIA) as well as the Chartered Tax Institute of Malaysia (CTIM). Harvindar was attached to the firms of PWC and E&Y as a tax consultant and is currently the Managing Partner of Harvey & Associates, a boutique firm that specialises in taxation consulting services as well as the Tax Partner in SCS Global Consulting (M) Sdn Bhd. He has more than 25 years of experience in the field of taxation. He is currently serving as the Chairman of the Editorial Board of the Budget Commentary and Tax Information Booklet which is produced jointly by MIA, CTIM and MICPA. Harvindar has extensive experience in taxation advisory, transfer pricing documentation preparation, tax planning as well as tax audits and investigations and he serves as a tax consultant to SK International (M) Sdn Bhd, numerous accounting firms and MNEs. He is a Council Member of CTIM.