Learn more about how to start a business / company in Malaysia and how to operate it properly under the laws of Malaysia. If you're starting up new, the articles are very useful for new business owners too.
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To start up a business in Malaysia, a better understanding of company income tax requirements by the Inland Revenue Board (LHDN) and the Royal Malaysian Customs Department (RMCD) will ease the struggles faced throughout the growth of your business.
Malaysia’s company tax is administered by the Income Tax Act 1967, whereby all companies registered in Malaysia for chargeable income derived from Malaysia complies with this Act.
According to the latest rate for Year Assessment 2020 and onwards, company tax rates are categorized as followed:
|Year Assessment 2020:||Percentage|
with paid-up capital of 2.5 million Malaysian ringgit (MYR) or less, and gross income from business of not more than MYR 50 million
|On first RM600,000||17%|
To know more about the changes of Malaysian company tax rates throughout the years, please visit https://www.hasil.gov.my/en/company/tax-rate-of-company/.
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