Please answer the question clearly. Question 1 Alam Sdn Bhd was involved in the...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Please answer the question clearly.
Question 1 Alam Sdn Bhd was involved in the construction of the energy grid with ZCS Pertamina (a foreign company) on a joint venture basis. Alam Sdn Bhd was required to pay RM65,000 for plant and machinery. In addition, it also needs to incur cost of RM35,000 for the technical assistance provided by ZCS Pertamina. Technical assistance amounted to RM15,000 was done in Singapore and the balance was done in Malaysia. Required: a) Explain whether the above payments are subject to withholding tax. Give your reasons. (4 marks) b) Calculate the withholding tax payable to the tax authority (if any). (1 marks)
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.