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This section presents infographics relating to business taxation in Malaysia.
The favourable taxation rate in Malaysia has been a good reason to attract entrepreneurs to incorporate their business at this place. Having said that, Malaysia has a taxation system like many other countries. It is mandatory for all residents and businesses to pay tax in Malaysia under self-assessment. Taxes in Malaysia are assessed on a yearly basis.
Therefore, when you are planning to do business or relocating to Malaysia, there are various taxes that you will need to consider. However, good news for foreigners who plan to set up a business here in Malaysia is the double tax treaties to avoid Double Taxation.
Here are some taxes in Malaysia that you should know:
If you failed to ensure tax compliance in your business, it would cost you a bomb. Businesses must ensure accurate taxation, managing timely tax filing and payment. Moreover, to minimize tax liabilities, at the same time, optimize tax position, keeping your business in good standing.
Understanding the type and rate of taxes in Malaysia will help your business finances in a good position. Being in good standing need not be complicated. Our infographics will help you better understand the types and rates for each tax, the processes and documents required for the tax filing, and many more.
Browse our Malaysia taxation Infographics below