Direct and indirect Malaysian tax incentives and other facilities are outlined in the Promotion of Investments Act, Income Tax Act, Customs Act, Sales Tax Act, Excise Act, and Free Zones Act.
MaGIC is working with key partners who will be able to further assist and guide business owners setting up a presence in Malaysia.
Corporate tax in Malaysia is 25%. If your business has a chargeable income of less than RM500,000, your company will be tax just 20%, as opposed to 25%. For 2016, that is set to reduce even further to 19%. This means that you, as a small business owner, won’t have to worry as much about corporate tax when you’re first starting out.