Income Tax Rate 2018 Malaysia
As the clock ticks for personal income tax deadline in malaysia 2018 like gainfully employed malaysians you may have started visiting the lhdn malaysia website to do your e filing as both a proactive and precautionary measure.
Income tax rate 2018 malaysia. Calculations rm rate tax rm 0 5 000. Resident individuals chargeable income rm ya 2018 2019 tax rm on excess 5 000 0 1 20 000 150 3 35 000 600 8 50 000 1 800 14 70 000 4 600 21 100 000 10 900 24 250 000 46 900 24 5. Malaysia taxation and investment 2018 updated april 2018. Reduction of the income tax rate from 18 to 17 on the first myr 500 000 of chargeable income of small and medium sized enterprises i e.
Income tax is a type of tax that governments impose on individuals and companies on all income. 2018 2019 malaysian tax booklet 22 rates of tax 1. What is income tax. On the first 5 000 next.
Calculations rm rate tax rm 0 5 000. 6 2 taxable income and rates 6 3 inheritance and gift tax 6 4 net wealth tax. This guide is for assessment year 2017 please visit our updated income tax guide for assessment year 2019. Income tax in malaysia is imposed on income.
On the first 5 000. Inland revenue board of malaysia shall not be liable for any loss or damage caused by the usage of any. Useful reference information for malaysia s income tax 2018 filing deadline for year of assessment 2017 for be is apr 30 2018 manual form and may 15 2018 e filing.