Find out the corporate tax rates and corporate income tax rate for chargeable income in Malaysia, and explore tax deductions measures for SMEs.
Understanding the corporate tax system in Malaysia will help you with the business decisions that you make as you start your business in Malaysia.
In October 2023, Malaysia’s 2024 Budget was presented to Parliament, introducing significant tax adjustments. The budget included a 2% rise in the Service Tax, increasing it from 6% to 8%, effective 1 March 2024. Certain essential supplies will maintain a 6% ...
The tax treaties with Brazil and Thailand provide 25% tax rates for certain income. However, the WHT rate cannot exceed 20.42% (including the income surtax of 2.1%) on any income to be received by a non-resident taxpayer of Japan under Japanese income tax law. The treaty with the former...
As the Maldives observes World Cancer Day 2025 under the theme “United by Unique”, the reality on the ground is sobering—cancer cases in the country are rising at an alarming rate, with more people diagnosed each year and an increasing number requiring treatment. According to the Health Pro...
Previous studies assessed a variety of other variables that influence CAPS in firms, namely the size of the firm, firm age, profitability, tangibility, liquidity, dividend policy, growth rate and ROA. Moreover, some studies have also examined macroeconomic variables such as GDP and inflation rate...
Lower rate for payments in connection with patents, designs, secret formulas/processes, or industrial, commercial, or scientific equipment/experience. Lower rate on payments for industrial, commercial, or scientific equipment, or for information concerning industrial, commercial, or scientific experience. ...
In the YA, the company must have a yearly revenue of SGD 5 million or below, including income from within and outside the country. The company's income is taxed at the prevailing corporate tax rate of 17%. The company is not benefiting from any relief programs, such as: Group relief...
Australia has implemented a levy (known as the Major Bank Levy) on Australian authorised deposit-taking institutions (ADIs) with total liabilities of greater than AUD 100 billion. The levy is imposed at a rate of 0.015% on certain liabilities of the ADI that are reported to the regulator on...
6 | Viet Nam Pocket Tax Book 2024 Corporate Income Tax ("CIT") Tax rates Companies are subject to the tax rates imposed under the CIT Law. The standard CIT rate is 20%. Effective from 1 July 2023, companies operating in the oil and gas industry are subject to CIT rates ranging from ...