Malaysia

Paying Taxes in

Malaysia

Below is a detailed summary of the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year, as well as measures of administrative burden in paying taxes.

This information was collected as part of the Doing Business project, which measures and compares regulations relevant to the life cycle of a small- to medium-sized domestic business in 189 economies. The most recent round of data collection was completed in 2013 (January 1, 2013 – December 31, 2013).

Compare Malaysia to 188 other economies.

Tax or mandatory contribution Payments (number) Notes on Payments Time (hours) Statutory tax rate Tax base Total tax rate (% profit) Notes on TTR
Corporate income tax 1 online filing 26 25% taxable profit 20.99
Employer paid - Provident fund contributions 1 online filing variable gross salaries 14.56
Employer paid - Social security contributions 1 online filing 77 variable gross salaries 1.81
Real estate capital gains 1 15% capital gain 0.76
Property tax 1 12% annual property value 0.59
Vehicle tax 1 RM 8,545 fixed fee 0.47
Stamp duty 1 depending of the value of transaction transaction value 0.00
Sales tax 6 30 10% sales 0.00
Tax on interest 0 25% interest income 0.00
Employee-paid - Social security contributions 0 paid jointly variable gross salaries 0.00 withheld
Totals: 13.0 133.0 39.2

Notes:
Name of taxes have been standardized. For instance income tax, profit tax, tax on company's income are all named corporate income tax in this table.
The hours for VAT include all the VAT and sales taxes applicable.
The hours for Social Security include all the hours for labor taxes and mandatory contributions in general.

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