Find out the corporate tax rates and corporate income tax rate for chargeable income in Malaysia, and explore tax deductions measures for SMEs.
Santa Fe Analysis 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 wi...
the WHT rate is 2% if the payment is made to a resident and 2.5% if it is made to a non-resident. With effect from 1 July 2018, the payment made by private businesses to a resident is no longer subject to the WHT of 2%. The 2% WHT shall still be applicable on payments made by...
Headline tax rate of the foreign country; and Confirmation that foreign tax has been paid in the country from which the income was received. Otherwise, company has to prove that income was exempt in the foreign country due to incentive granted for substantive business.FAQs About Corporate Tax Si...
Find out the corporate income tax in China for foreign and Chinese companies, and whether your SME can benefit from various tax incentives.
The Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (the MLI) was ratified and entered into force for Singapore on 1 April 2019. Amendments made by the MLI to these treaties have taken effect....
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...
According to the capital structure theory, the value of a firm increases if the capital structure includes a high amount of debt due to the tax benefits afforded by the debt [24]. The authors believe that if the neutrality theory is contested, two competing theories must be considered while ...
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...
Pillar 2 Under the BEPS Pillar 2 model issued by the OECD, each in-scope multinational enterprise should pay a minimum effective tax rate of 15% on profits in each of the jurisdictions where they operate. On 29 November 2023, the Resolution on Global Minimum Tax policy in Viet Nam ("the...