Development financial institutions (with deposits taking functions)
SST & Withholding Tax
Risk Level
Development financial institutions (with deposits taking functions)
Includes
“Development Financial Institution” means an institution which carries on any activity, whether for profit or otherwise, with or without any Government funding, with the purpose of promoting development in the industrial, agricultural, commercial or other economic sector, including the provision of capital or other credit facility; and for the purposes of this definition, “development” includes the commencement of any new industrial, agricultural, commercial or other economic venture or the expansion or improvement of any such existing venture.
Classification Path
e-Invoicing (MyInvois)
MSIC code 64195 is required when issuing e-invoices via LHDN MyInvois. Use this code in the Classification field of your e-invoice.
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