Professional Documents
Culture Documents
Taxation
Personal taxation
Company taxation
Capital gains tax
Double taxation relief
Personal taxation
Typically levied on all the financial resources of an individual
Income
earned: wages and salaries
unearned: investment income and rent
Practical considerations
Taxing cash flows
Taxing in arrears
Taxing once
Tax rates
Tahun Taksiran 2015
Banjaran Pendapatan
Bercukai
0 - 2500
2,501 - 5,000
5,001 - 10,000
10,001 - 20,000
20,001 - 35,000
35,001 - 50,000
50,001 - 70,000
70,001 - 100,000
100,001 - 150,000
150,001 - 250,000
250,001 - 400,000
Lebih 400,000
Pengiraan (RM)
Kadar %
Cukai(RM)
2,500 pertama
2,500 berikutnya
5,000 pertama
5,000 berikutnya
10,000 pertama
10,000 berikutnya
20,000 pertama
15,000 berikutnya
35,000 pertama
15,000 berikunya
50,000 pertama
20,000 berikutnya
70,000 pertama
30,000 berikutnya
100,000 pertama
50,000 berikutnya
150,000 pertama
100,000 berikutnya
250,000 pertama
150,000 berikutnya
400,000 pertama
setiap ringgit berikutnya
0
0
0
0
0
50
50
100
150
750
900
1,500
2,400
3,200
5,600
6,300
11,900
12,000
23,900
24,000
47,900
36,750
84,650
..........
1
1
5
10
16
21
24
24
24.5
25
as:
Sales revenue
less Expenses
[Operating profit]
plus Non-trading income (interest, dividends, capital gains)
[Profit before tax and interest]
less Interest paid
[Profit before tax]
`chargeable gains'.
Capital gains on most assets are chargeable. Some
exemptions are:
private motor cars
your primary residence
foreign currency obtained for personal use
British government securities and other qualifying fixed-interest
stocks
Which differ from country to country.
to have a capital gains tax on real estate but the tax was repealed in
April 2007. However, a real property gains tax (RPGT) introduced in
2010 now applies to property sold less than six years from its
purchase.
Malaysia has imposed capital gain tax on share options and share
purchase plan received by employee starting year 2007.
For who does trading professionally (buying and selling securities
frequently to obtain an income for living) as "traders", this will be
considered income subject to personal income tax rates.
REAL PROPERTY GAINS TAX FOR 2014
Tax Rates
Personal (citizen & PR)
Company
30%
20%
15%
0%
30%
20%
15%
5%
Other taxes
Other types of tax levied on individuals and companies
include:
stamp duty (on contract documents)
inheritance taxes
property taxes
with respect to
1.
2.
countries.
DTR means domestic tax authorities permit companies