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Direct tax Income tax Companies Individual Petroleum Withholding Co-operatives Others Other direct taxes Stamp duty Real property gains tax Others: 125,566 116,558 74,381 30,266 9,331 2,473 84 23 9,008 6,766 2,163 79: 55.6% 51.6% 33.0% 13.4% 4.1% 1.1% 0.0% 0.0% 4.0% 3.0% 1.0% 0.0%: Indirect tax Goods and services tax Local goods and services ...
The 5 April year end for income tax reflects the old civil and ecclesiastical calendar under which New Year began on 25 March . The difference between the two dates is accounted for by the eleven days omitted in September 1752 due to the Calendar (New Style) Act 1750 by which Great Britain also converted from the Julian Calendar to the ...
19 December – The High Court acquitts Rosmah Mansor, the wife of former Prime Minister Najib Razak, of 12 money laundering charges involving RM7 million and five charges of failing to declare her income to the Inland Revenue Board (IRB). [55] 20 December - The government agrees to restart the search for Malaysia Airlines Flight 370. [56]
Be sure to mark Apr. 15, 2025, as the tax payment deadline for your 2024 taxes and plan accordingly for both your federal income taxes and state taxes.
April 15, 2024: The deadline for filing your individual tax return for the 2023 tax year. Make sure to submit your return by this date to avoid penalties. Oct. 15, 2024: If you need more time to ...
Anwar said the government will introduce a 5%-10% tax on luxury goods such as jewelry and watches, as well as a 10% capital gains tax next year to expand its revenue base. Tourists will be exempt ...
Many tax incentives simply remove part or of the burden of the tax from business transactions. In Malaysia, the corporate tax rate is now capped at 25%. Nevertheless, a company eligible for a certain tax incentive might only pay an average effective tax rate of 7.5%, with only 30% of the company's profit being subjected to tax.
Income Tax Act 1967: 53 In force Income Tax (Tin Buffer Stock Contributions and Repayments) Act 1974: 132 In force Incorporation (State Legislatures Competency) Act 1962: 380 In force Indecent Advertisements Act 1953: 259 In force Industrial Co-ordination Act 1975: 156 In force Industrial Designs Act 1996: 552 In force Industrial Relations Act ...