Malaysia Tax Sector Research Highlights

Analysis

Exploring new avenues: A new tax on goods and services is set to be introduced
OBG
plus

On October 25, 2013, Malaysian Prime Minister Najib Razak delivered his 2014 budget speech and made a bold announcement that a goods and services tax (GST) of 6% will be effective in Malaysia as of April 1, 2015. GST is considered necessary to tackle the country’s budget deficit and to provide a stable source of revenue to Malaysia and avoid its overdependence on oil and gas revenues. The idea of…

Overview

Supportive environment: A general overview on tax regulations and rates for investors
OBG
plus

I. Income Tax Malaysia operates a self-assessment system of income tax. This requires taxpayers to be responsible for computing the correct amount of taxes as the tax returns filed are deemed to be the official notice of assessment. The Inland Revenue Board (IRB) through regular tax audits carries out enforcement. To ensure that the tax audits are carried out in a fair, transparent and impartial manner,…

Country Report

The Report: Malaysia 2014
OBG
plus

Malaysia’s GDP per capita is the highest in South-east Asia, with the exception of smaller countries like Singapore and Brunei Darussalam, reaching $10,548 in 2013 based on a GDP of $307.25bn and a population of almost 30m. The country produces 39% of the world’s palm oil and 44% of its exports, and increasing global demand for the commodity bodes well for the industry. Malaysia has seen its s

Chapter

The Report: Malaysia 2014: Tax
OBG
plus

This chapter gives an overview of Malaysia’s tax environment, focusing on the regulations and rates that affect businesses and investments. It also features an analysis of the new tax on goods and services that is set to go into effect in 2015.…

Analysis

Exciting times: A new budget comes along with a number of regulatory changes
OBG
plus

On September 28 2012 Najib Abdul Razak, the prime minister and minister of finance, released the 2013 budget, titled “Prospering the Nation, Enhancing Well-Being of the Rakyat: A Promise Fulfilled”. The 2013 budget aims to reduce the nation’s fiscal deficit from 4.5% of GDP in 2012 to 4% in 2013. With the projection of a positive economic outlook, GDP growth is forecast at between 4.5% and…

Overview

By the book: A look at the country’s tax code
OBG
plus

The Inland Revenue Board (IRB) collected a record RM109.7bn ($35.4bn) in direct taxes in 2011. Under its Corporate Plan 2012-15, launched in July 2012, the IRB is targeting an annual tax revenue growth of 15%. The IRB is working towards identifying newer opportunities in expanding the tax base and areas of tax revenue which were not fully explored previously. With the focus on strengthening its…

Chapter

The Report: Malaysia 2012: Tax
OBG
plus

In conjunction with Russell Bedford, OBG explores Malaysia’s taxation system.…

Cookie	Duration	Description
cookielawinfo-checkbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.

Malaysia Taxation Sector Research Highlights

Exploring new avenues: A new tax on goods and services is set to be introduced
OBG
plus

Supportive environment: A general overview on tax regulations and rates for investors
OBG
plus

The Report: Malaysia 2014
OBG
plus

The Report: Malaysia 2014: Tax
OBG
plus

Exciting times: A new budget comes along with a number of regulatory changes
OBG
plus

By the book: A look at the country’s tax code
OBG
plus

The Report: Malaysia 2012: Tax
OBG
plus

Contact Us

Licence or Product Purchase Required

Malaysia Taxation Sector Research Highlights

Featured Sectors in Malaysia

Featured Countries in Tax

Featured Reports in Malaysia

Contact Us