Double Tax Agreement Nz Malaysia

The main reason for countries` double taxation is the deterrence of international trade. This is due to the fact that the country`s government might believe that commercial expertise, which could be involved in business transactions in the country, will be exported abroad. There is another possible reason if the two countries involved do not have peaceful relations. Malaysia`s double taxation treaties aim to create a more favourable tax environment. They are intended to enable income tax recipients to minimise or avoid the double taxation they would otherwise have suffered. Some Malaysian DTAs also offer tax benefit rates to beneficiaries. In the absence of a double taxation treaty, tax relief may be granted through foreign tax credits. .

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