The Inland Revenue Board of Malaysia (IRBM) has released the synthesized text of the tax treaty with Jordan, regarding changes mandated by the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI).
The MLI applies to the 1994 Malaysia-Jordan tax treaty with respect to taxes withheld at source on amounts paid or credited to nonresidents, where the event giving rise to such taxes occurs on or after 1 January, 2022; and with respect to all other taxes levied by each Contracting State, for taxes levied with respect to taxable periods beginning on or after 1 December, 2021.
The preparation of this synthesized document was based on the reservations and notifications provided to the Depositary by both countries.
