Every company registered in Malaysia is required to file their corporate tax according to the country’s regulations. Engage our Malaysia corporate tax filing services to get strategic tax planning to maximise overall gains.
Corporate Tax in Malaysia
Malaysia corporate tax rate as low as 24%, attracting entrepreneurs all around the world to set up a company in the country.
Here is a checklist of documents required to file your corporate tax in Malaysia.
- Company profile
- Section 14 form
- Passport of directors
- Financial statement OR management account
- Bank statement
- Tax computation
- Form C

Download the full Malaysia company incorporation checklist now.
What Are the Important Steps to File Corporate Tax?
When it comes to filing corporate tax in Malaysia, companies have specific responsibilities to fulfill. Here is a breakdown of the procedure that corporate businesses must follow:
What is Corporate Income Tax in Malaysia?
Corporate income tax in Malaysia refers to the tax imposed on the profits earned by companies operating within the country. It is an essential aspect of the Malaysian tax system and is regulated by the Inland Revenue Board of Malaysia (IRBM).
Navigating the complexities of corporate income tax in Malaysia can be challenging, especially for foreign companies or those with intricate financial structures. Seeking the assistance of tax professionals or accounting firms experienced in Malaysian tax laws can ensure compliance, optimize tax planning, and minimize tax liabilities.
What is the Corporate Tax Rate in Malaysia?
The corporate tax rate in Malaysia depends on the company’s residency status and the amount of income generated. Here is an overview of the current corporate tax rates in Malaysia:
Type of Company | Chargeable Income (MYR) | CIT rate for year of assessment (%) | |
---|---|---|---|
2022 | 2023 | ||
Resident company (other than company described below) | 24 | 24 | |
Resident company:
|
On the first 150,000 | 17 | 15 |
On the next 450,000 | 17 | 17 | |
In excess of 600,000 | 24 | 24 | |
Non-resident company | 24 | 24 |
It’s important to note that these tax rates are applicable to the chargeable income of the companies. Chargeable income is calculated by deducting allowable expenses and tax incentives from the company’s total income.
Additionally, there are certain industries and activities that may qualify for specific tax incentives or exemptions provided by the Malaysian government. These incentives aim to promote investment and economic growth in targeted sectors. Eligible companies may enjoy reduced tax rates or exemptions for a specified period, subject to meeting the criteria set by the relevant authorities.
Malaysia Tax Incentives for Businesses
To encourage more investors and businesses to set up in Malaysia, the government has initiated a range of tax incentives. Here are some key tax incentives:
When Do I Pay Corporate Tax in Malaysia?
For recently registered companies in Malaysia, there are specific requirements regarding tax filing and payment. Within the first three months of registration, these companies are required to submit an estimation of the payable tax. Additionally, starting from the 6th month of the assessment year, they must begin making monthly tax installments by the 15th of each month.
At the end of the assessment year, every company must file its tax return through the e-filing portal. If the payable tax amount exceeds the previously estimated amount, the company is responsible for paying the remaining balance. Conversely, if the actual tax amount is lower than the estimated amount, the company may apply for a tax refund.
However, there is a different criterion for Sdn Bhd companies with a paid-up capital of 2.5 million or less. These companies are exempt from submitting the estimated payable tax for the first two assessment years.
It’s important for companies to adhere to these tax filing and payment obligations to ensure compliance with Malaysian tax regulations. Seeking guidance from tax professionals or consulting with accounting firms experienced in Malaysian tax laws can provide further assistance and ensure accurate compliance with these requirements.
Paul Hype Page as Your Trusted Tax Agent in Malaysia
As your trusted tax agent in Malaysia, we will assist you in dissecting the complex tax structure and finding a solution that works best for your company’s interests. Here are some of the benefits of engaging us as your tax agent:
When should you consider using a tax agent?
Here are some situations where it will be advantageous to engage a tax agent like Paul Hype Page.
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