Malaysia and China has signed an Exchange of Notes to the Double Taxation Avoidance Agreement (DTA) on 1 November 2016 in Beijing. The Exchange of Notes lists the institutions under para (5)(a)(iv) and (b)(iii) of Art 11 (Interest) of the DTA being institutions wholly-owned by the respective governments, and hence eligible for tax exemption under para (4) of Art 11 of the said DTA.

The institutions are:

In Malaysia —

• Export-Import Bank of Malaysia (Export-Import Bank Malaysia Berhad)

• National Trust Fund (Kumpulan Wang Amanah Negara)

• Retirement Fund (Kumpulan Wang Persaraan)

• Agricultural Bank of Malaysia (Agro Bank Malaysia Berhad)

• Small Medium Enterprise Bank of Malaysia (SME Bank Malaysia Berhad)

• Malaysia Development Bank (Bank Pembangunan Malaysia Berhad), and

• Khazanah Nasional Berhad.

In China —

• the China Development Bank Corporation

• the Agricultural Development viagrasansordonnancefr.com Bank of China

• the Export-Import Bank of China

• the National Council for Social Security Fund

• the China Export & Credit Insurance Corporation

• the China Investment Corporation, and

• the Silk Road Fund Co, Ltd.

Kindly visit the IRB website for further details.

Source: IRB website, 16 January 2017