The Malaysia Digital Economy Corporation (MDEC), which oversees that Multimedia Super Corridor (MSC) Malaysia initiative, has announced that the withholding tax exemption on certain payments received by non-residents from MSC status companies in Malaysia is withdrawn with effect from 1 January 2020. This includes the exemption on payments of:
- fees for technical advice or technical services;
- licensing fees in relation to technology development; and
- interest on loans for technology developmen…