Dear Members and Business Associates,
MGCC is delighted to announce the next instalment of EUMCCI’s In Conversation Series – a panel discussion entitled “Is Malaysia still an attractive destination for Foreign Direct Investment?” This event features the Secretary General from the Ministry of Finance as a panelist to provide an insight on how the current FDI situation in Malaysia will impact your businesses.
The recent rulings of the Withholding Tax became effective on 17 January 2017. Despite the new legislation having been effective for over a month, it is felt that a large number of companies may be unaware of the ruling, its scope and implications. The repercussions to the business community may be greater than what is currently perceived. Below are some examples and business sectors that may be affected by the new ruling:
- The intercompany services that a Malaysian branch have to pay to a global business centre located abroad and part of the same company require the Malaysian branch to withhold 10% of the total owed to the foreign entity. This is likely to result in the foreign entity to be forced to increase intercompany charges to the Malaysian branch, which will be effectively hit by a 10% indirect taxation increase.
- Hotel management service and marketing services charges provided by a non-resident company to a local Hotel are now subject to withholding tax.
- The bank charges charged by a foreign bank to a Malaysian bank may be subject to withholding tax and any other type of similar financial service for that matter.
- The intermediary booking charges by any web/e-commerce type of service located abroad should be subject to withholding tax this may include transactions related to hotel booking, car rental, air tickets, etc.
- Reinsurance premiums paid to non-resident companies by local insurance companies.
- Fees paid by a resident company for intercompany R&D, design and similar services.
- Seconded personnel into Malaysia invoiced by non-resident partner company.
Join us for first-hand information on the topic and have your questions answered by the distinguished line-up of panelists.
HURRY! Please register your attendance by filling up below registration form and email to surayah.msalleh@malaysia.ahk.de before Monday, 27 February 2017.
Member price: RM215 (inclusive of GST)
Non-members and member’s guests: RM320 (inclusive of GST)
Malaysia’s leading regional trade fair for the automotive service industry targeting trade visitors from ASEAN
The Malaysian-German Chamber of Commerce and Industry (MGCC) has much pleasure in inviting you to MGCC Sundowner, an event bridging the Malaysian and German Business Community. Join us at Hubba Hubba Sentral @ Menara CIMB on Thursday, 23 March 2017 to build new business relationships and to expand business opportunities at the same time.
Members’ participation is complimentary for one (1) person; additional guest(s) will be charged accordingly. Please register your attendance by filling up the registration form below and email to mageswary.salvarajoo@malaysia.ahk.de by Tuesday, 21 March 2017.
**Important: We regret to inform, late cancellations (after Wednesday, 22 March, 4pm) and no show by registered participant will be charged the full amount, regardless of complimentary or paid participants. Replacements are welcome.**
We look forward to welcoming you at the Sundowner!
IT IS YOUR LAST CHANCE TO REGISTER!
Come and join us for some terrific Australia’s Fish on Board and some of the succulent fresh oyster, and delicious mussels at MABC Networking Dinner!
In view of the EU as the largest investor in Malaysia and Malaysia’s third largest trading partner, the EU-Malaysia Chamber of Commerce & Industry (‘EUMCCI’) is proud to host its annual flagship dialogue with the Malaysian government to address key issues of EU-Malaysia trade and investment.
Panelist
- Director General, Malaysia Productivity Corporation (MPC) – Mohd Razali Hussain
- Chief Executive Officer, Strand Aerospace Malaysia – Naguib Mohd Nor
- Chief Financial Officer , Infineon Technologies – Thomas Zimmerle
Recent political and economic developments in the US as well as Europe have raised a lot of questions and given much room for speculation, especially in terms of changing trade relations and economic allies. Where does the EU stand in all this, and what are the opportunities especially for trade between Asia and Europe arising from this global reshuffling? Against this background, the Malaysian-German Chamber of Commerce and Industry (MGCC) is pleased to invite you an engaging dialogue with H.E. Maria Castillo Fernandez, Ambassador & Head of EU Delegation to Malaysia on Thursday, 4 May 2017.
As seats are limited, registration for this event is on a ‘first-come, first-served’ basis. Please register your attendance (by using the registration form attached) via email to mageswary.salvarajoo@malaysia.ahk.de by Friday, 2 May 2017.
**Important: We regret to inform, late cancellations (after Monday, 3 May 2017, 4pm) and no show by registered participant will be charged the full amount, regardless of complimentary or paid participants. Replacements are welcome.**
The Malaysian-German Chamber of Commerce and Industry (MGCC) invites you to join The Tuesday Club to discuss the new Companies Act and its implications to our business operations. The discussion will also give you a better understanding of the changes made to the old regime and the obligations they have under the new regime in order to be compliant.
As seats are limited, registration for this event is on a ‘first-come, first-served’ basis. Please register your attendance (by using the registration form attached) via email to mageswary.salvarajoo@malaysia.ahk.de by Friday, 9 June 2017.
**Important: We regret to inform, late cancellations (after Monday, 12 June 2017, 4pm) and no show by registered participant will be charged the full amount, regardless of complimentary or paid participants. Replacements are welcome.**
The Tuesday Club brings you another rare yet interesting topic of discussion, Understanding KL Office Market. In this session, we will highlight how to avoid common pitfalls and the procedures & practices when acquiring a new lease or renewing your current lease. Join us to gain additional information and further discuss the topic.
As seats are limited, registration for this event is on a ‘first-come, first-served’ basis. Please register your attendance (by using the registration form attached) via email to mageswary.salvarajoo@malaysia.ahk.de by Friday, 16 June 2017.
**Important: We regret to inform, late cancellations (after Monday, 12 June 2017, 4pm) and no show by registered participant will be charged the full amount, regardless of complimentary or paid participants. Replacements are welcome.**
It is with great pleasure that we append below details of our upcoming event :
We very much look forward to your participation in the event. Below is our registration form for your kind perusal.
Please do not hesitate to contact us should you require any further information or assistance.
We look forward to your favourable reply.
Thanks and Regards,
Geetha Veerasamy
Events Manager
As you are aware, Malaysia has started imposing tourism tax from 1 September 2017 at RM10.00 per room per night. On 2 September 2017, The Star Online reported that 5,000 hotels around the country have started implementing the tourism tax for foreigners.
The Malaysian-German Chamber of Commerce and Industry (MGCC) invites you to join The Tuesday Club on 10 October 2017 to gain some insights of this new implementation and its acceptance thus far.
As seats are limited, registration for this event is on a ‘first-come, first-served’ basis. Please register your attendance by filling up the registration form below and email it to mageswary.salvarajoo@malaysia.ahk.de before Friday, 6 October 2017.
**Important: We regret to inform, late cancellations (after Monday, 9 October 2017, 4pm) and no show by registered participant will be charged the full amount. Replacements are welcome.**
Mageswary Salvarajoo
– Events Officer –