PETALING JAYA: The government is likely to renew the 10% withholding tax rate on real estate investment trust (REIT) dividends despite there not being an announcement as yet on the matter, Kenanga Research says.
The brokerage, which has a “neutral” call on Malaysian REITs, said their total annual estimated net earnings of RM2.8bil implies that the increase in tax revenue from the non-renewal would be immaterial, as it represented less than 0.2% of the government’s estimated total tax revenue for 2026.
