Yong Jowie (HK Ltd), a company resident in Hong Kong grants a loan of RM5...
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Yong Jowie (HK Ltd), a company resident in Hong Kong grants a loan of RM5 million at an interest rate of 2.5% to its subsidiary company. Huck Ken (M) Bhd, a tax resident in Malaysia. The loan to finance the purchase of plant used for the business of the subsidiary company.
Explain the Malaysian withholding tax implications for Huck Ken (M) Bhd (recipient company) in respect to the loan interest
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