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a) Income Tax Rates For Resident Individuals
Up to Year of Assessment 2001
| Chargeable
Income |
RM |
Rate |
Tax
(RM) |
| On the first |
2,500 |
0% |
0 |
| On the next |
2,500 |
1% |
25 |
| On the first |
5,000 |
- |
25 |
| On the next |
5,000 |
3% |
150 |
| On the first |
10,000 |
- |
175 |
| On the next |
10,000 |
5% |
500 |
| On the first |
20,000 |
- |
675 |
| On the next |
15,000 |
9% |
1350 |
| On the first |
35,000 |
- |
2,025 |
| On the next |
15,000 |
15% |
2,250 |
| On the first |
50,000 |
- |
4,275 |
| On the next |
20,000 |
20% |
4,000 |
| On the first |
70,000 |
- |
8,275 |
| On the next |
30,000 |
25% |
7,500 |
| On the first |
100,000 |
- |
15,755 |
| On the next |
50,000 |
28% |
14,000 |
| On the first |
150,000 |
- |
29,775 |
| Exceeding |
150,000 |
29% |
- |
Income Tax Rates For Resident Individuals
With Effect from Year of Assessment 2002
| Chargeable
Income |
RM |
Rate |
Tax
(RM) |
| On the first |
2,500 |
0% |
0 |
| On the next |
2,500 |
1% |
25 |
| On the first |
5,000 |
- |
25 |
| On the next |
15,000 |
3% |
450 |
| On the first |
20,000 |
- |
475 |
| On the next |
15,000 |
7% |
1,050 |
| On the first |
35,000 |
- |
1,525 |
| On the next |
15,000 |
13% |
1,950 |
| On the first |
50,000 |
- |
3,475 |
| On the next |
20,000 |
19% |
3,800 |
| On the first |
70,000 |
- |
7,275 |
| On the next |
30,000 |
24% |
7,200 |
| On the first |
100,000 |
- |
14,475 |
| On the next |
50,000 |
27% |
13,500 |
| On the first |
150,000 |
- |
27,975 |
| On the next |
100,000 |
27% |
27,000 |
| On the first |
250,000 |
- |
54,975 |
| Exceeding |
250,000 |
28% |
- |
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b)
Non-Resident Individual Rates Non-resident
employees (including directors) professionals
and sole proprietors - 29% (28% With Effect
Year Of Assessment 2002)
c) c) Companies Rates
Resident
Companies - 28 %
Non-Resident
Companies - 28 %
d)
Trustee - 28 %**
e)
Executor - 28%
f)
Deceased Person's Estate, Association
and Club - As applicable to individuals.
g) Non-Resident Association - 29 % (28%
from Year Assessment 2002)
h) Insurer
Inward
Reinsurance - 5 % (Y/A 1980 onwards)
Offshore Insurance - 5 % (Y/A 1982 onwards)
Life Fund - 8 % (Y/A 1995 onwards)
i) Approved Operational Headquarters Company
- 10 % (Y/A 1990 onwards) (on
qualifying services)
j) Foreign Fund Management Company -10
% (Y/A 1996 onwards) (fund management
services to foreign investors)
**
Effective Year of Assessment 2007
Tax rates are as follows:-
i.
Resident Companies - 27%
ii. Non-Resident Companies - 27%
iii. Trust Body - 27%
iv. Executor - 27%
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