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Countries Test

Countries

Type of Company Chargeable Income (MYR) CIT Rate for Year of Assessment (%)

2020-2021
Resident Company (other than company described below)

24

Resident Company:

  • with paid-up capital of 2.5 million Malaysian ringgit (MYR) or less, and gross income from business of not more than MYR 50 million.
  • that does not control, directly or indirectly, another company that has paid-up capital of more than MYR 2.5 million, and
  • is not controlled, directly or indirectly, by another company that has paid-up capital of more than MYR 2.5 million.
On the first 600,000

17

In excess of 600,000

24

Non-resident company

24

Country

      Austria                   Germany

      Belgium                 Italy

      Denmark               Ireland

      Finland                  Netherlands

      France

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Income CIT Rate %

Income of international carriers.

2.5

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