+603 41081282 +603 41081262 info@mblbc.org

Mar
1
Wed
2017
In Conversation With The Ministry of Finance @ The Sheraton Imperial
Mar 1 @ 11:00 am – 1:00 pm
In Conversation With The Ministry of Finance @ The Sheraton Imperial

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.

Download Registration Form

 

Member price: RM215 (inclusive of GST)
Non-members and member’s guests: RM320 (inclusive of GST)

 

Apr
27
Thu
2017
EU-Malaysia Trade and Investment Forum 2017 @ Nusantara Ballroom 2, The Sheraton Imperial Hotel
Apr 27 @ 9:30 am – 2:00 pm
EU-Malaysia Trade and Investment Forum 2017 @ Nusantara Ballroom 2, The Sheraton Imperial Hotel

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
BOOK YOUR SEATS HERE

 

May
12
Fri
2017
Impact of the new European Data Protection Law on Business & EU Subsidiaries In ASEAN @ Penang Function Room, The Sheraton Imperial, Kuala Lumpur
May 12 @ 9:30 am – 11:30 am
Jun
13
Tue
2017
EU-Malaysia Leveraging Free Trade Agreement (FTA) to Boost Economic Opportunities @ Sheraton Imperial
Jun 13 @ 12:00 pm – 2:00 pm
Jul
26
Wed
2017
VIP Luncheon with the MITI Minister @ Sheraton Imperial Kuala Lumpur
Jul 26 @ 1:00 pm – 2:30 pm

It is with great pleasure that we append below details of our upcoming event :

vip-luncheon-with-the-miti-minister

We very much look forward to your participation in the event. Below is our registration form for your kind perusal.

Registration Form

 

 

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  

Welcome to MBLBC

Established in 1980, MBLBC is a non-profit organisation which aims to assist people and businesses from Belgium and Luxembourg in Malaysia, and strengthen their ties with the Malaysian business community.

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Fax: +603 41081262

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