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. A graduated scale of rates of tax is applied to chargeable income of resident individual taxpayers starting from 0 on the first rm5 000 to a maximum of 30 on chargeable income exceeding rm2 000 000 with effect from ya 2020. 2019 2020 malaysian tax booklet this publication is a quick reference guide outlining malaysian tax information which is based on taxation laws and current practices. Calculations rm rate tax rm 0 5 000. 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.

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. Non resident individuals pay tax at a flat rate of 30 with effect from ya 2020. On the first 5 000 next 15 000. The personal income tax rates for 2018 2019 have been restructured and are different from previous year s rates.

The deadline for filing your income tax returns form in malaysia varies according to what type of form you are filing. Green technology educational services. Indonesian tax guide 2019 2020 3 contents about deloitte 4 general indonesian tax provisions 7 corporate income tax 14 individual income tax 29 withholding tax and final tax 33 value added tax 45 transfer pricing 55 summary of double tax avoidance agreements 68 tax treaties automatic exchange of information aeoi 78. With effect from w e f ya 2020.

Malaysia personal income tax rate. With effect from ya 2020 a non resident individual is taxed at a flat rate of 30 on total taxable income. Income tax rates 2020 malaysia.