Solve all this 3. Perwaja Sdn. Bhd. (PSB) purchased a plant a machinery for RM3,000,000 from AlcanoPte Ltd (APL), a non-resident company for its factory in Seberang Jaya, Pulau Pinangon 1 April 2020. The agreement provides for non-resident employees of APL to carryout the installation of the plant and machinery and giving technical services to PSB inSeberang Jaya, Pulau Pinang.The fees charged by APL for the installation and technical services were RM100,000and RM500,000 respectively. The installation fees of RM100,000 was paid to APL on1 May 2015. RM500,000 on technical services were paid to APL on 1 June 2020. PSBremitted all the withholding tax on with to Inland Revenue Board on 15 June 2020.Required:a. Identify whether each of the above payments by PSB to APL are subjected towithholding tax. Give your reasons.b. State the due dates for PSB to remit the withholding tax to the Inland RevenueBoard.c. Compute the amount of withholding tax payable by PSB to the Inland RevenueBoard including penalties (if any).

Tax withholding can be defined as the amount of tax being paid by the taxpayer to the government…

a. Identify whether each of the above payments by PSB to APL are subjected to withholding tax. Give your reasons. b. State the due dates for PSB to remit the withholding tax to the Inland Revenue Board. c. Compute the amount of withholding tax payable by PSB to the Inland Revenue Board including penalties (if any).

a. Identify whether each of the above payments by PSB to APL are subjected to withholding tax. Give your reasons. b. State the due dates for PSB to remit the withholding tax to the Inland Revenue Board. c. Compute the amount of withholding tax payable by PSB to the Inland Revenue Board including penalties (if any).

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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