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S3 (DIVIDEND Y (RESIDENT CO. - CREDIT TO EXEMPT ACC (Foreign Y (EXEMPT)),…
S3
DIVIDEND Y
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SINGLE TIER [x] Co. pay Y tax [x] No deduction of tax on dividend [x] No deduction for attributable exp [x] exemption of dividend available for all level of SH
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PARA 28 SCH 6
FOREIGN Y IN M'SIA IS EXEMPTED EXCEPT FOR RESIDENT CO. IN THE BUSINESS OF INSURANCE, BANKING, SEA & AIR (I-B-S-A)
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D19Q2(i)&(ii)
Q2(i)RENTAL Y FROM THE PROPERTY IN AUST'LIA
[X] the scope of charge in M'sia is D&R/S
[X] rental Y is derived from Aus'lia
[x] As RM61k is remitted in M'sia - subject to tax
[x] Hwv, PARA28Sch6, ITA to exempt foreign source Y remitted to M'sia
[x] Therefore, RM61k is exempted from Y tax in M'sia
Q2(ii)INTEREST ON DEPOSIT WITH UK BANK
[x] Interest derived from UK
[x] Interest not remitted to M'sia
[x] Interest Y is out of scope - not subj to tax in M'sia
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