Impostos a Malàisia

Company Tax

24%

Tax Rate For Foreign Companies

The Malaysian tax system is territorial. Residents and non-residents alike are taxed on their Malaysian-sourced income while foreign-sourced income is usually not taxed even in the case of resident and/or local firms. Non-resident companies are taxed at a 24% flat rate, regardless of their capital.
Foreign-source dividend income received by resident companies and limited liability partnerships from 1 January 2022 to 31 December 2026 is generally tax exempt.

Capital Gains Taxation

Malaysia does not tax capital gains from the sale of investments or capital assets other than those related to land and buildings.
A real property gains tax (RPGT) applies to the sale of land in Malaysia and any interest, option or another right in or over such land. The rate is 30% for disposals of real property made within three years of the date of acquisition. The rates are 20% and 15% for disposals in the fourth and fifth years after the acquisition, respectively, and 10% for disposals in the sixth year after acquisition and thereafter. For companies incorporated outside Malaysia, the rate is 30% for disposals made within five years and 10% thereafter.

Main Allowable Deductions and Tax Credits

Deductions are allowed for any revenue expenditure incurred wholly and exclusively in the production of income, including interest, royalty payments and certain taxes.
Interest expense is allowed as a deduction if the expense was incurred on any money borrowed and employed in the production of gross income or laid out on assets used or held for the production of gross income. Where borrowing is partly used to finance non-business operations, the proportion of interest expense will be allowed against the non-business income.
A deduction is allowed for cash donations to approved institutions, capped at 10% of the aggregate income of the company for a year of assessment. Contributions and donations in cash and in kind by individuals and corporates to the COVID-19 Fund and the Ministry of Health are officially tax-deductible.
Incorporation and recruitment expenses are deductible, same as bad debts (which however need to be identified and reasonably estimated to be irrecoverable).
Net operating losses can be carried forward indefinitely (except in the case of a significant change in the ownership structure of a dormant company). The carryback of losses is not permitted.

Tax incentives are granted in exchange of investments in certain sectors (including manufacturing, hotels, tourism, energy conservation and environment protection) in the form of tax exemption (up to 10 years) or a tax credit (varying between 60% and 100% of the capital investment up to 10 years). For further information, click here.

Other Corporate Taxes

Employers and employees alike must contribute to the Malaysian Social Security Organisation (SOCSO), with the employer's contributions generally at 1.75% of salaries. Employer contributions to Employees' Provident Fund (EPF) range from 12% to 13% of the salary. Employers and employees contribute 0.2% of the employee's salary (capped at MYR 4,000 per month) to the Employment Insurance Scheme (EIS).

Employers engaged in the manufacturing and services sectors that employ more than a specified number of employees must contribute to the Human Resource Development Fund (HRDF), at the rate of 1% of the monthly wage.

Gains from disposals of real property are subject to a real property gains tax (RPGT). The rate is 30% for disposals of real property made within three years of the date of acquisition. The rates are 20% and 15% for disposals in the fourth and fifth years after the acquisition, respectively, and 10% for disposals in the sixth year after acquisition and thereafter. For companies incorporated outside Malaysia, the rate is 30% for disposals made within five years and 10% thereafter.

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.
A levy is imposed on crude palm oil and crude palm kernel oil where the price exceeds MYR 2,500 per ton in Peninsula Malaysia and MYR 3,000 per ton in the states of Sabah and Sarawak.

A levy of 0.125% on contract works having a contract sum above MYR 500,000 is imposed on every registered contractor by the Construction Industry Development Board.
Local companies are subject to an incorporation fee of MYR 1,000, while foreign companies pay a higher fee (from MYR 5,000 to MYR 70,000).

Stamp duty is levied at rates ranging from 1% to 4% of the value of property transfers, and at 0.3% on share transaction documents.

Other Domestic Resources

Inland Revenue Board

Consult Doing Business Website, to obtain a summary of the taxes and mandatory contributions.

Tax Rate

Allowable Deductions and Tax Credits

Employees are allowed a deduction for any expenditure incurred wholly and exclusively in the performance of their duties, but no allowance is given for tax depreciation. Donations to approved institutions or organisations are deductible (limits apply). Contributions and donations in cash and in-kind by individuals and corporates to the COVID-19 Fund and the Ministry of Health are officially tax-deductible.
Mortgage interest incurred to finance the purchase of a house is deductible only if income is derived from the house.

Several personal reliefs apply: a standard allowance of MYR 9,000, MYR 4,000 for a spouse (in case of joint assessment), MYR 2,000 for each child below 18 years of age, plus extra allowances for disabled persons.

Other deductions include medical expenses (MYR 8,000), pension/provident funds (MYR 4,000) and insurance premiums (MYR 3,000), education fees (MYR 8,000), certain childcare (MYR 7,000), contribution to SOCSO (MYR 250), etc.

Special Expatriate Tax Regime

Individuals who do not meet the residence requirements are taxed at a flat rate of 30% on total taxable income.