Name: Malaysia Corporate Tax Rate
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Malaysia,Corporate Tax Rate,data,chart,actual,historical,values,calendar,forecast,graph,2021,2022,2023

Corporate Tax Rate in Malaysia remained unchanged at 24 percent in 2021 from 24 percent in 2020. source: Inland Revenue Board of Malaysia

Corporate Tax Rate in Malaysia averaged 26.12 percent from 1997 until 2021, reaching an all time high of 30 percent in 1997 and a record low of 24 percent in 2015. This page provides - Malaysia Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Malaysia Corporate Tax Rate - values, historical data and charts - was last updated on June of 2022.

Corporate Tax Rate in Malaysia is expected to reach 24.00 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Malaysia Corporate Tax Rate is projected to trend around 24.00 percent in 2022, according to our econometric models.

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Related	Last	Previous	Unit	Reference
Personal Income Tax Rate	30.00	30.00	percent	Dec 2021
Corporate Tax Rate	24.00	24.00	percent	Dec 2021
Sales Tax Rate	10.00	10.00	percent	Dec 2021

Malaysia Corporate Tax Rate

In Malaysia, the Corporate Income tax rate is a tax collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. The benchmark we use refers to the highest rate for Corporate Income. Revenues from the Corporate Tax Rate are an important source of income for the government of Malaysia.