¶¶Òõ¶ÌÊÓƵ

All Countries
International Trade
Voluntary Withholding Agreement

Voluntary Withholding Agreement Template for Malaysia

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Voluntary Withholding Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Voluntary Withholding Agreement

"I need a Voluntary Withholding Agreement for our tech company in Kuala Lumpur, specifically for employees with variable commission-based income, to be implemented from January 2025, with monthly withholding calculations based on projected annual earnings."

Celebrated by
Collaborations with
Investors
Document background
In the Malaysian employment context, structured tax planning and compliance are crucial for both employers and employees. A Voluntary Withholding Agreement provides a formal framework for implementing regular tax deductions from employment income, helping employees manage their tax obligations while assisting employers in maintaining compliant payroll processes. This document is particularly useful for companies with employees who prefer systematic tax payments throughout the year rather than lump-sum payments. It addresses requirements under Malaysian tax law, including the Income Tax Act 1967 and LHDN guidelines, while providing flexibility to accommodate various employment arrangements and income structures.
Suggested Sections

1. Parties: Identification of the employer and employee entering into the agreement

2. Background: Context of the agreement and statement of voluntary nature of the arrangement

3. Definitions: Key terms used in the agreement including 'Withholding Amount', 'Remuneration', and 'Tax Year'

4. Withholding Authorization: Express authorization from employee for employer to withhold specified amounts

5. Calculation of Withholding Amount: Method and basis for calculating the withholding amount

6. Timing and Method of Withholding: Specifics of when and how deductions will be made from remuneration

7. Employer Obligations: Responsibilities of the employer regarding withholding, reporting, and remittance

8. Employee Declarations: Employee's confirmations regarding tax status and information accuracy

9. Term and Termination: Duration of the agreement and conditions for termination

10. Governing Law: Specification of Malaysian law as governing law and jurisdiction

Optional Sections

1. Variable Income Provisions: Special provisions for employees with variable or commission-based income

2. Multiple Employment Arrangements: Provisions for employees with more than one employer

3. Foreign Income Considerations: Special provisions for employees with foreign-sourced income

4. Tax Relief Claims: Procedures for adjusting withholding based on anticipated tax reliefs

5. Dispute Resolution: Specific procedures for resolving disagreements about withholding calculations

Suggested Schedules

1. Schedule 1 - Withholding Calculation Formula: Detailed formula and methodology for calculating withholding amounts

2. Schedule 2 - Payment Schedule: Timing and frequency of withholding deductions

3. Schedule 3 - Tax Tables: Reference tables for tax rates and brackets

4. Appendix A - Required Documentation: List of documents required for implementing and maintaining the withholding arrangement

5. Appendix B - Compliance Checklist: Checklist for ensuring compliance with Malaysian tax regulations

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions




















Clauses




















Relevant Industries

Financial Services

Technology

Manufacturing

Professional Services

Retail

Healthcare

Education

Construction

Hospitality

Telecommunications

Relevant Teams

Human Resources

Finance

Payroll

Legal

Compliance

Tax

Corporate Secretarial

Relevant Roles

Human Resources Director

Payroll Manager

Finance Director

Tax Manager

Compliance Officer

Chief Financial Officer

HR Executive

Payroll Administrator

Finance Manager

Accounts Manager

HR Business Partner

Legal Counsel

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Agreement For Avoidance Of Double Taxation

Malaysian-governed bilateral treaty preventing double taxation between Malaysia and another contracting state, establishing comprehensive tax treatment frameworks and cooperation mechanisms.

find out more

Income Tax Rental Agreement

A Malaysian rental agreement that specifically addresses income tax obligations and compliance requirements under Malaysian tax law.

find out more

Transfer Pricing Agreement

A Malaysian law-governed agreement establishing transfer pricing arrangements between related entities, ensuring compliance with local regulations and OECD guidelines.

find out more

Tax Sharing And Funding Agreement

A Malaysian law-governed agreement establishing tax sharing and funding arrangements between related entities, including tax allocation and payment mechanisms.

find out more

Double Tax Avoidance Agreement

A Malaysian law-governed bilateral treaty preventing double taxation between Malaysia and another contracting state, establishing comprehensive tax treatment frameworks and dispute resolution mechanisms.

find out more

Voluntary Withholding Agreement

A Malaysian law-compliant agreement for voluntary income tax withholding between employer and employee.

find out more

Tax Allocation Agreement

A Malaysian law-governed agreement that establishes the framework for allocating tax obligations and benefits among corporate group members.

find out more

Tax Indemnification Agreement

A Malaysian law-governed agreement establishing tax indemnification obligations between parties, defining covered tax liabilities and claim procedures.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.