LHDNM - Deduction Account of Income Received from Distribution by RMMF Unit Trust - Section 109DA, Income Tax Act 1967 (New)

On 28 January 2022, Lembaga Hasil Dalam Negeri (LHDNM) announced that in line with Budget 2022, all investors, except individual investors, who invest in Retail Money Market Fund (RMMF) unit trusts will be subjected to income tax at a tax rate of 24% for income received from the RMMF unit trust income distribution.

This implementation is intended to standardise the treatment of interest income received by corporate investors from any investments made, including investments in unit trusts.

LHDNM has issued the Income Deduction Account Form which has been uploaded and is available via the following link:

• https://phl.hasil.gov.my/pdf/pdfborang/BORANG_109DA_CP37E_Resident_1.pdf
• https://phl.hasil.gov.my/pdf/pdfborang/BORANG_109DA_CP37E_Non_resident_1.pdf

The form can be downloaded from the LHDNM Official Portal (Home> Forms> Download Form> Withholding Tax).