Taxes in Malaysia
An individual is taxed on his chargeable income at graduated rates from 2 % to 30% after the deduction of tax reliefs. An individual with chargeable income less than RM2500 is taxed at zero rate. An Expatriate must earn over
RM 5000 p.m to receive a work permit.
Salary Range (per annum) | Tax Rate % |
---|---|
2,501 ' 5,000 | 1 |
5,001 ' 20,000 | 3 |
20,001 ' 35,000 | 7 |
35,001 ' 50,000 | 12 |
50,001 ' 70,000 | 19 |
70,001 ' 100,000 | 24 |
100,001 ' 250,000 | 26 |
> 250,000 | 26 |
For the first 182 days in Malaysia an Expatriate will be classed as non-resident and will be taxed at 26%. This is refunded at the end of the tax year if an expatriate is subsequently classed as resident.
For further information contact me