If you change your tax residency status from a Malaysian tax resident to:
- a non-Malaysian tax resident;
- a dual tax resident; or
- a U.S. Person,
you are required to take the following steps:
-
Notify BR Capital
You must inform BR Capital of the change in your tax residency status by emailing brcsupport@bursamalaysia.com.
If applicable, you are responsible for complying with all tax obligations, including any withholding tax imposed by the Inland Revenue Board of Malaysia (IRBM). The applicable withholding tax amount may be deducted from any interest or profit payable and remitted to the IRBM.
-
Stop making new investments
You will not be permitted to invest in any new Investment Notes.
If you have existing investments, you may:
- hold the Investment Notes until maturity; or
- dispose of them via the BR Capital Marketplace, where available.
-
Close your BR Capital account
You are required to close your BR Capital account within five (5) business days after your account has a zero balance (i.e. no remaining investments and no cash balance).
If the account is not closed within the stipulated timeframe, it may be closed by BR Capital.