Earning Stripping Rules (“ESR”) is one of the Organization for Economic Co-operation and Development (“OCED”)’s action plans under the Base Erosion and Profit Shifting (“BEPS”) project to tackle excessive interest deductions.
In Malaysia, ESR is effective for basis periods beginning on or after 1 July 2019. In this regard, companies will need to assess whether ESR is applicable and to consider its tax impact. A review of a company’s debt profile, options to restructure existing borrowings and strategies for future financial assistance would be worth looking at.
This webinar will first focus on the general interest deductibility rules, interest restriction rules and guidelines / public rulings issued by the Malaysian Inland Revenue Board. We will then delve further into the ESR as well as the withholding tax and transfer pricing considerations for cross-border transactions.
We aim to equip you with a greater understanding of the tax treatment of interest expense by addressing your concerns and offering insight on the notable changes made to the Malaysian tax legislation and the latest relevant case law and practices.
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