Income Tax Rate Malaysia Company
No other taxes are imposed on income from petroleum operations.
Income tax rate malaysia company. Petroleum income tax is imposed at the rate of 38 on income from petroleum operations in malaysia. There are no other local state or provincial. 25 year assessment 2008 company with. An effective petroleum income tax rate of 25 applies on income from petroleum operations in marginal fields.
Income tax offices year assessment 2009 until 2015. A company whether resident or not is assessable on income accrued in or derived from malaysia. Company with paid up capital not more than rm2 5 million on first rm500 000 subsequent balance 20 25 company with paid up capital more than rm2 5 million. For instance a manufacturing company with a pioneer status tax incentive pays an effective tax at the rate of 7 2 as only 30 of its profits are subject to tax.