Shutterstock Certificate Of Residence (COR) 2025 For Malaysia Withholding Tax (WHT)

RM12.00

Description

What is a Certificate of Residence (COR)?

A Certificate of Residence (COR) is an official document issued by Shutterstock (or any foreign entity) to certify their tax residency status in their home country (e.g., the U.S. or Ireland for Shutterstock). This document is crucial for businesses in Malaysia that pay fees to SHUTTERSTOCK IRELAND LTD to claim a reduced withholding tax (WHT) rate under the Double Taxation Agreement (DTA).

Without a valid COR for SHUTTERSTOCK IRELAND LTD, Malaysian companies are required to withhold 10% tax on payments to SHUTTERSTOCK IRELAND LTD. However, with the COR, you can reduce this to just 8%, saving your business 2% in tax costs.

Why Do You Need a COR to Get the 8% WHT?

Malaysia’s tax authority (LHDN) requires proof that SHUTTERSTOCK IRELAND LTD is a tax resident in a country that has a DTA with Malaysia (e.g., U.S.-Malaysia or Singapore-Malaysia DTAs). The COR serves as this proof, allowing you to apply the lower 8% withholding tax rate instead of the default 10%.

By obtaining this document, you ensure:

✓ Legitimate tax compliance – Avoid penalties for incorrect WHT deductions.
✓ Cost savings – Reduce your tax burden from 10% to just 8%.
✓ Smooth audits – Keep proper documentation for LHDN verification.

How We Can Help

Requesting the COR directly from SHUTTERSTOCK IRELAND LTD can be time-consuming and complex, often requiring multiple follow-ups. We’ve gone through the process and secured the COR, saving you the hassle.

For a small token of appreciation (to support our effort in obtaining this document), we’ll provide you with the latest valid COR for SHUTTERSTOCK IRELAND LTD that you can submit to LHDN or your tax agent.