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Disclosure of Customer Documents or Information for the Purpose of Facilitating Exchange Information Pursuant to Taxation Arrangements

Dear Valued Customers,

Pursuant to section 134(1)(b) of the Financial Services Act 2013, section 146(1)(b) of the Islamic Financial Services Act 2013 and section 120(1)(b) of the Development Financial Institutions Act 2002, Central Bank of Malaysia had granted an approval for financial institutions to disclose any documents or information in relating to the affairs or account of its customer to Lembaga Hasil Dalam Negeri (LHDN), for the sole purpose of facilitating the mutual administrative assistance arrangement in tax matters between the Malaysian Government with the government of any territory outside Malaysia pursuant to taxation arrangements having effect under section 132B of the Income Tax Act 1967 and in accordance with the Income Tax Rules.

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