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All You Need to Know About Malaysia Taxes

Like many other jurisdictions, Malaysia has its own taxation system and the country’s taxes are evaluated on a current year basis and are under the self-assessment system for all taxpayers. This include all income accrued in, derived or remitted to Malaysia which is liable to tax. Having said that, the income of any person derived from sources outside Malaysia […]

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Sales and Service Tax Malaysia

The Sales and Service Tax Malaysia – also commonly referred to as SST Malaysia – came into effect on 1 September 2018 last year. With the introduction of the SST, the previous unpopular Goods and Services Tax (GST) in Malaysia was repealed.   While the GST formerly implemented a 6% tax rate in Malaysia on several goods and services, […]

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Malaysia Tax System

The purpose of a tax system in any country is to generate revenue for the government, who in turn are to use this money to fund their operations and better serve the public. Malaysia’s tax system is no different. In Malaysia, income tax is the government’s primary source of revenue, contributing approximately 50% of the […]

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