| |
|
|
| |
|
|
| |
|
|
| |
|
| Company
Tax |
|
| Resident
and non-resident companies |
26%
|
| Resident
companies with paid-up capital of RM2.5 million (US$705,318) and less
at the beginning of the basis period for a year of assessment. |
|
|
- on the first RM500,000 (US$141,064) chargeable income
|
20%
|
|
- on
subsequent chargeable income
|
26%
|
|
| |
|
|
| |
|
| Petroleum
Income Tax |
|
| Companies
and persons carrying on petroleum operations |
38%
|
|
"Petroleum
operations" means searching for, winning or obtaining of petroleum
in Malaysia (by drilling, mining, extracting, etc); all operations
incidental thereto and sale or disposal of that petroleum; or transportation
within Malaysia of that petroleum; but excludes transportation outside
Malaysia; refining or liquefing; service involving the supply and
used of rigs, derricks, ocean tankers and berges.
|
|
|
| |
|
|
| |
|
| Personal
Income Tax |
| Resident
individuals with chargeable income of RM16,667
(US$4,702)
and above per annum (after deduction of personal reliefs) |
1%
- 28%
|
| Non-resident
individuals (not entitled to any personal reliefs) |
28%
|
|
| |
|
|
| |
|
|
Withholding
Tax
|
|
Non-resident
persons
|
|
•
|
Special
classes of income (use of moveable property, technical services, |
10%
|
| |
installation
services on the supply of plant and machinery, etc.) |
|
|
•
|
Interest |
15%
|
|
•
|
Royalty |
10%
|
|
•
|
Contract
payment on:
- account of contractor
- account of employee
|
10%
3%
|
|
| |
|
|
| |
|
| Sales
Tax |
|
|
Sales
tax is imposed on certain imported and locally manufactured goods
under the Sales Tax Act, 1972. The tax rate ranges from 5 - 10%
for majority of the goods except for food preparations other than
alcoholic and non-alcoholic compound preparations (other than those
of heading No. 33.02) used for making benerages which falls under
the tariff code 2106.90.490 with tax rate of 20%. Sales tax is also
imposed on petroleum and petroleum products according to specific
rates.
|
5%
- 10%
|
|
| |
|
|
| |
|
| Service
Tax |
|
| Service
tax is imposed on taxable services provided by taxable persons. Services
include services provided by professionals (such as lawyers, engineers,
architects, surveyors, consultants), advertising firms, private hospitals,
insurance companies, communication companies, hotels and restaurants. |
5%
|
|
| |
|
|
| |
|
| Excise
Duty |
Duty
Rate
|
| Excise
duty is levied on imported and locally manufactured goods under the
Excise Act, 1976. The goods are listed under the Excise Duties Order,
2004. Goods include; |
|
| -
Motocars |
75%
- 105% |
| -
4Wheel drives |
65%
- 105% |
| -
Motorcycle |
20%
- 30% |
| -
Intoxicating liquor |
RM0.10
+ 15% - RM42.50 + 15% per litre |
| -
Cigarettes |
RM0.15
per stick + 20% |
| -
Playing cards & mahjong tiles |
10% |
|
| |
|
Source:
Malaysian Industrial Development
Authority (MIDA) |
| |
|
|
| |
|
| >
Rates
of Capital Allowances |
|
| |
|
|
| |
|
Capital allowances
are given on qualifying capital expenditure. Initial allowances are given
only once while annual allowances are given every year by the straightline
method. Some of the items accorded allowances are shown below. For plant
and machinery, companies are advised to verify with the Inland Revenue
Board on the specific items which qualify.
|
| |
|
|
| |
|
| Initial
Allowances |
|
| Industrial
buildings |
10% |
| Computer
and IT equipment |
20% |
| Environmental
control equipment |
40% |
| Heavy
machinery & motor vehicles |
20% |
| Plant
and machinery |
20% |
| Others |
20% |
|
| |
|
|
| |
|
| Annual
Allowances |
|
| Industrial
buildings |
3% |
| Computer
and IT equipment |
40% |
| Environmental
control equipment |
20% |
| Plant
and machinery |
|
| • |
Motor
vehicles, heavy machinery |
20% |
| • |
Plant
and machinery |
14% |
| • |
Others |
10% |
|
Sources:
|
Inland
Revenue Board
Royal Malaysian
Customs |
|
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|
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|
Contents
2006 - Present © by Malaysian Industrial Development Authority. |
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