Malaysia legislation

Section 23

of FINANCE ACT 1983

Section 23

Schedule 1 to the principal Act is amended by inserting immediately after PART IV the following new PART V:

“PART V

Notwithstanding Part I and Part II, income tax shall be charged on the income of a non-resident person consisting of—

(i)

amounts paid in consideration of services rendered by the person or his employee in connection with the

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use of property or rights belonging to, or the installation or operation of any plant, machinery or other apparatus purchased from, such person;

(ii)

amounts paid in consideration of technical advice, assistance or services rendered in connection with technical management or administration of any scientific, industrial or commercial undertaking, venture, project or scheme; or

(iii)

rent or other payments made under any agreement or arrangement for the use of any moveable property:

which is derived from Malaysia at the rate of

…

15% of gross.”.

Amendment of Schedule 3

Read in full context — FINANCE ACT 1983 →