|Company with paid up capital not more than RM2.5 million :|
|On the first RM 600,000 chargeable income –|
|On subsequent chargeable income –|
|Company with paid up capital more than RM2.5 million|
|Non Resident Company / branch|
For “non-resident” status for Malaysia Sdn Bhd companies, the corporate tax rate will be a flat rate of 24%. “Non Resident” status is deemed for a company with more than 50% shareholding owned by foreigners.
Personal Income Tax
- Personal Income tax is payable on the taxable income of residents at the progressive rates from 0% to 30% with effective Year of Assessment 2020.
- You are non-resident under Malaysian tax law if you stay less than 182 days in Malaysia in a year, regardless of your citizenship or nationality.
|Types Of Income||Rate (%)|
|Business, trade or profession|
(With Effect From Year Assessment 2016)
(With Effect From Year Assessment 2020)
|Payments for services in connection with the use of property or installation, operation of any plant or machinery purchased from a non-resident|
|Payments for technical advice, assistance or services rendered in connection with technical management or administration of any scientific, industrial or commercial undertaking, venture, project or scheme|
|Rent or other payments for the use of any movable property|