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Rental Income Tax Malaysia: The Ultimate Guide

Generally, letting your property on rent could be a lucrative venture. However, this type of investment also comes with a variety of responsibilities and rental income tax Malaysia...


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Ultimate Guide to Income Tax E-Filing in Malaysia

The income tax season is the time of the year when Malaysian taxpayers are busy filing their income tax returns. To help and facilitate taxpayers, the Malaysian government...


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Income Tax Malaysia: The Ultimate Guide

Navigating through the rules and regulations associated with income tax Malaysia could be daunting. However, it is essential to understand tax-related matters in order to comply with Malaysian...


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Real Property Gains Proposal Details in Finance Bill 2023

Asset Transfer to Controlled Foreign-Incorporated Businesses Outside of Malaysia Present Currently, a real estate transfer a) by a person b) by the person's wife c) by the person and his wife or another...


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Individual Tax Proposals Details in Finance Bill 2023

Review of Individual Income Tax Rates for Residents Present As of AY 2021, the income tax rate system for resident taxpayers is built on progressive rates on chargeable income, which...


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Corporate Tax Proposals Details in Finance Bill 2023

Revision of MSMEs' Income Tax Rate and MSMEs' Exclusion Requirements Present Currently, Part I of Schedule 1 of the Malaysian Income Tax Act 1967 (MITA) specifies the following income tax...


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Key Highlights of the Finance Bill 2023

For Businesses Review of MSMEs' Income Tax Treatment and MSME Exclusion Requirements On the first RM150,000 of chargeable income, the corporate income tax rate for MSMEs would drop from 17%...


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Retabled Budget 2023: Tax Measures that May Affect You  

Retabled Budget 2023: Tax Measures that May Affect You     Corporate tax   The corporate income tax rate is reduced up to 2% for Micro, Small & Medium Enterprises (MSMEs)  The corporate income...


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Personal Income Tax Malaysia 2023: The Definite FAQ Guide

Personal income tax in Malaysia (aka. Individual income tax Malaysia) can be a complex and confusing process, especially for those who are new to the system or filing...


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Malaysia Impose 10% Tax on Low-Value Goods, Value below RM500

The Royal Malaysian Customs Department (RMCD) has stated that the Malaysian government would apply a 10% sales tax to all imported low-value goods (LVG) purchased online beginning 1...


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