⚠️[This is applicable for Malaysia ABOs only]
📌Pursuant to Section 107D of the Income Tax 1967 – 2% Withholding tax (WHT) on payment made to agents, dealers or distributors, Amway is obliged to deduct 2% WHT from the payments made in year 2024 for individuals (ABOs) who received income exceeding RM100,000 (cash and non-cash) in the preceding year (2023).
For ABOs who meet the criteria, your incentive payments will be subjected to 2% WHT with effect from January to December 2024. In order to remit the 2% WHT to Lembaga Hasil Dalam Negeri Malaysia (LHDNM), Amway requires your Tax ID and confirmation of your tax residency status.
Eligible ABOs who have met the criteria will receive an email communication, as well as notification message when you log into your Amway account. Clear instructions will be provided for your necessary action.