Malaysia Issues Public Ruling on a Director's Liability for Company Tax

On 14 March 2019, the Inland Revenue Board of Malaysia issued Public Ruling No. 2/2019, which explains the liabilities of a company director in respect of the company's tax, including:

• Any tax that is due and payable by a company; and
• Any debt that is due and payable by the company as an employer in relation to tax deductions from emoluments and pensions under the Monthly Tax Deduction (MTD).

The ruling includes that Section 75A of the Income Tax Act 1967 (ITA) provides for a director of …