Solve please. Sabar Sdn Bhd, a Malaysian resident manufacturing company in Kuala Lumpur, made thefollowing payments to Linhua Machinery Ltd in Hong Kong during the financial year ended31 December 2020:Type of PaymentSupply of electronic manufacturing machinesDateRM25 February 20201,800,0001 April 2020Installation services in connection with installationof the machinesin Linhua Sdn Bhd's premise in172,000SingaporeTraining fees to a non-resident consultant for theservices performed in Kuala Lumpur15 July 202053,000Required:Explain with reasons, whether the withholding tax provisions are applicable for eachof the payments above.а.Compute the amount payable to the tax authority if the withholding tax for installationfees is remitted on 15 May 2020.b.Briefly explain to Sabar Sdn. Bhd. on the types of penalties imposed by the InlandRevenue Board (IRB) on withholding tax.С.

(a) Type of Payment TDS applicability Supply of electronic manufacturing machine Since its…

Required: a. Explain with reasons, whether the withholding tax provisions are applicable for each of the payments above. Compute the amount payable to the tax authority if the withholding tax for installation fees is remitted on 15 May 2020. b. Briefly explain to Sabar Sdn. Bhd. on the types of penalties imposed by the Inland Revenue Board (IRB) on withholding tax.

Required: a. Explain with reasons, whether the withholding tax provisions are applicable for each of the payments above. Compute the amount payable to the tax authority if the withholding tax for installation fees is remitted on 15 May 2020. b. Briefly explain to Sabar Sdn. Bhd. on the types of penalties imposed by the Inland Revenue Board (IRB) on withholding tax.

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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