Taxation Services in Malaysia

Corporate Tax and Property Tax

All companies must file their Malaysia income tax to the Inland Revenue Board (IRB) every year. The standard corporate tax rate for a local company is 24%. Meanwhile, for companies with a paid-up capital of less than RM2.5 million, the tax rate is 17%. The first RM600,000 is chargeable for the corporate income tax, and other excess income will be charged at a 24% taxation rate, according to the year-of-assessment (YA) 2020.

While for a real property sale acquired within 3 years, a “Real Property Gains Tax” (RPGT) will apply at the rate of 30% for the profits gained.

Withholding Tax (WHT) and Sales and Service Tax (SST)

Withholding tax applies to the non-resident’s company in Malaysia. The tax rate varies from 0% to 15%. Withholding tax is chargeable to interest paid to a non-resident, royalties, technical and non-technical services.

And for an SST, the standard rate of 5% or 10% will be charged for goods manufactured or imported in Malaysia for sales tax. As for other services tax, including but not limited to food and beverages, accommodation, telecommunication, healthcare, and other professional services, is at 6%.

Taxation Services in Malaysia
Taxation Services in Malaysia

Personal Income Tax

The personal income tax in Malaysia is in a progressive nature, starting from 0% to a maximum of 30%. In other words, all employees are required to pay their tax according to their income.

For individuals who don’t carry a business, they must file their tax latest by 30 April of the following year. For individuals who hold a business or partnership, they must file their tax latest by 30 June of the following year.

SOCSO, EPF and EIS

It is compulsory for both employers and employees to make their contributions to the Social Security Organization (SOCSO), Employment Insurance System (EIS), Employees Provident Fund (EPF).

Taxation Services in Malaysia

David Susandi

Branch Manager – Bali Office at InCorp Indonesia

Holding 11 years of experience in various roles, including project manager, operational manager, and corporate strategist, David Susandi is a prominent figure for many entrepreneurial organizations expanding in Indonesia.

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Disclaimer: The information is provided by PT. Cekindo Business International (“InCorp Indonesia/ we”) for general purpose only and we make no representations or warranties of any kind.

We do not act as an authorized government or non-government provider for official documents and services, which is issued by the Government of the Republic of Indonesia or its appointed officials.

We do not promote any official government document or services of the Government of the Republic of Indonesia, including but not limited to, business identifiers, health and welfare assistance programs and benefits, unclaimed tax rebate, electronic travel visa and authorization, passports in this website.

What Our Clients Say

China Fortune Land
Development Co,. Ltd
After comparing several consultants, I found InCorp Indonesia is a international and professional organization with good understanding of local market. InCorp Indonesia helped our company to set up our first Indonesian entity, and also helps with day-to-day operation. InCorp Indonesia showed high level of professionalism. Jump start the business in Indonesia, take care of routine process, therefore we can focus more on our core business.
Desmi
Cekindo provided outstanding services in registering our representative office in Indonesia in a timely manner. Their financial services have been helping us a lot — our local employees feel secure working for our company. Cekindo became our reliable partner with quick response on our needs. Their flexibility and full support of our business in Indonesia are the main reasons to continue in our cooperation.
PT AESK
We chose Cekindo because we considered Cekindo as a professional company with a good attitude and a streamlined business model. Cekindo met all our expectations as it created the atmosphere of accountability and transparency. The most significant added values that we received from cooperation with Cekindo are the time we saved and mistakes we avoided.
Sedbergh, Ltd.
We were searching for suitable partner for the begining of our operation on Indonesian market. After short exploration and recommendation from our business partners we decided for Cekindo. Local knowledge, orientation at our business problematics, contacts and language. In a friendly approach combined with professional service. Consultation before the project – avoids so much unnecessary act of “foreigners” worse overview of the Indonesian legislative.
LEC GROUP
We were searching for suitable partner for the begining of our operation on Indonesian market. After short exploration and recommendation from our business partners we decided for Cekindo. Local knowledge, orientation at our business problematics, contacts and language. In a friendly approach combined with professional service. Consultation before the project – avoids so much unnecessary act of “foreigners” worse overview of the Indonesian legislative.
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