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Worldwide Tax Summarie

Malaysia
Corporate - Taxes on corporate income

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For both resident and non-resident companies, corporate income tax (CIT) is imposed on income accruing in or derived
from Malaysia. The current CIT rates are provided in the following table:

CIT rate for year of assessment

Chargeable income (%)
Type of company
(MYR)

2019/2020

Resident company (other than company described below) 24

Resident company:

On the first 600,000 17

with paid-up capital of 2.5 million Malaysian ringgit (MYR) or less, and gross income from business

of not more than MYR50 million.

that does not control, directly or indirectly, another company that has paid-up capital of more than

MYR 2.5 million, and

is not controlled, directly or indirectly, by another company that has paid-up capital of more than
In excess of 600,000 24
MYR 2.5 million.

Non-resident company 24

Petroleum income tax

Petroleum income tax is imposed at the rate of 38% on income from petroleum operations in Malaysia. An effective
petroleum income tax rate of 25% applies on income from petroleum operations in marginal fields. No other taxes are
imposed on income from petroleum operations.

Local income taxes

There are no other local, state, or provincial government taxes on income in Malaysia.

Last Reviewed - 13 January 2020

Corporate - Significant developments Corporate - Corporate residence

/
 Malaysia contacts

Jagdev Singh
Tax Leader
+60 3 2173 1469

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