Income tax rate malaysia 2021 - Personal Tax Rates 2021

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6 important company taxes in Malaysia (with tax rates of 2021)

Hence, understanding the taxes at the early stage of your business ensures full compliance with the tax law and regulations.

  • So, if you would like a new 2020 tax rates, allowance or threshold adding or perhaps updating , or if you notice an error in our 2020 tax calculations, simply contact us and we will adjust the tool.

  • Income tax rate of 0% for 10 or 15 years for new companies, or 100% investment tax allowance for 5 years for existing companies.

Malaysia Personal Income Tax Rate

Aside from the mentioned groups of people, seniors over 55 years who are looked after well with Malaysian pension are exempted from taxation.

  • For the full list of personal tax reliefs in Malaysia as of the assessment year 2021, read on! This benefit has been extended to the 31st of December 2022.

  • Remember this is an additional claim, so for example, if you bought yourself a new smartphone in 2021, you can make a claim for the first benefit.




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