Malaysia Personal Income Tax Rate 2020
Below are the individual personal income tax rates for the year of assessment 2019 provided by the the inland revenue board irb lembaga hasil dalam negeri lhdn malaysia.
Malaysia personal income tax rate 2020. The personal income tax rates for 2018 2019 have been restructured and are different from previous year s rates. A qualified knowledge worker in a specified area currently only iskandar malaysia is taxed at the concessionary rate of 15 on chargeable income from employment with a designated company engaged in a qualified activity e g. Income tax rates 2020 malaysia. The deadline for filing your income tax returns form in malaysia varies according to what type of form you are filing.
Personal income tax rate in malaysia averaged 27 29 percent from 2004 until 2020 reaching an all time high of 30 percent in 2020 and a record low of 25 percent in 2015. Calculations rm rate tax rm 0 5 000. Green technology educational services. With effect from ya 2020 a non resident individual is taxed at a flat rate of 30 on total taxable income.
For the be form resident individuals who do not carry on business the deadline for filing income tax in malaysia is 30 april 2020 for manual filing and 15 may 2020 via e filing. This page provides malaysia personal income tax rate actual values historical data forecast chart statistics economic calendar and news.