What is the starting point of personal income tax in Malaysia? Do you have any duty-free goods? How much is the tax rate?

The tax rates of Malaysian residents and non-Malaysian residents are different:

Malaysia's tax system is very developed, and the main tax system comes from Britain and Australia. Malaysia's federal and state governments implement tax-sharing system, while the Federal Ministry of Finance is responsible for unified management and tax policy formulation.

Federal taxes are divided into direct taxes and indirect taxes, which are directly collected by the tax bureaus under the federal state government and the royal tax bureau.

Preferential policies for tax projects in Malaysia

1. High-tech companies, companies engaged in scientific research and development, and companies that set up electronic information and communication technology enterprises in the "multimedia super corridor" are exempt from income tax for five years. ?

2. The current enterprise income tax rate is 28% (38% for oil exploration and smelting). For foreign-invested enterprises that have obtained the qualification of "emerging industry status", the income tax will only be levied at 30% of the company's operating profit within five years from the date of production (referring to the day when the daily output reaches 30% of the highest output).

3. Set up technology transfer and training, and be exempted from income tax within 10 years. For foreign enterprises that transfer advanced technology to domestic companies or individuals in Malaysia, their technology transfer fees are exempt from income tax; For strategic projects that involve major national interests and have a significant impact on the development of the national economy, the production of machinery, equipment and parts with priority development will be exempted from enterprise income tax within 10 years. ?

Extended data:

1985165438+1On October 23rd, the Chinese and Malaysian governments signed the Agreement on Avoidance of Double Taxation and Prevention of Fiscal Evasion on Income in Beijing.

The latest avoidance agreement document, Exchange Agreement between the Government of People's Republic of China (PRC) and the Government of Malaysia on the Avoidance of Double Taxation and the Prevention of Fiscal Evasion on Income, was formally signed in Beijing on 20161,and will take effect from now on.

The current taxes in Malaysia mainly include consumption tax, personal income tax, enterprise income tax, withholding tax, real estate profit tax, petroleum income tax and domestic tax. Different taxes are collected in different ways.

References:

Baidu Encyclopedia-Malaysian Tax Policy