My Tax Overview

---
name: my-tax-overview
description: "Source-cited draft: tax overview for Malaysia (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review."
license: "AGPL-3.0-or-later (code) / OpenAccountants Guide License v1.0 (content)"
metadata:
  source: openaccountants
  openaccountants_url: "https://www.openaccountants.com/skills/my-tax-overview"
  jurisdiction: "MY"
  tax_year: "2025"
  last_updated: "2026-07-13"
  reviewed_by: "MUHAMMAD HANIS MAT HUSSIN"
---

# Malaysia Tax Overview

## Malaysian tax system at a glance

- **Tax administration system** — Malaysia operates a self-assessment system administered by the Inland Revenue Board (LHDN / IRBM). Income tax is governed by the Income Tax Act 1967 and is broadly territorial in basis.  _(Income Tax Act 1967)_
- **Direct tax authority** — Lembaga Hasil Dalam Negeri Malaysia (LHDN) / Inland Revenue Board of Malaysia (IRBM)  _([Income Tax Act 1967](https://www.hasil.gov.my/en/))_
- **Indirect tax authority** — Royal Malaysian Customs Department (RMCD)  _(Sales Tax Act 2018 / Service Tax Act 2018)_
- **Currency** — Malaysian Ringgit (MYR / RM)  _(Income Tax Act 1967)_
- **Tax year (Year of Assessment) for individuals** — Calendar year, 1 January to 31 December  _(Income Tax Act 1967)_
- **Basis of taxation** — Territorial — income accruing in or derived from Malaysia is taxable; foreign-source income remitted to Malaysia is generally exempt for individuals (with exemptions extended), subject to conditions ((approx — confirm scope of foreign-source income exemption))  _(Income Tax Act 1967)_
- **Individual tax residence test** — Present in Malaysia for at least 182 days in a calendar year (plus alternative linking/90-day tests) days  _([Income Tax Act 1967, Section 7](https://www.hasil.gov.my/en/individual/))_
- **Top marginal personal income tax rate (resident)** — 30% %  _([Income Tax Act 1967, Schedule 1](https://www.hasil.gov.my/en/individual/individual-life-cycle/income-declaration/tax-rate/))_
- **Standard corporate income tax rate** — 24% %  _([Income Tax Act 1967, Schedule 1](https://taxsummaries.pwc.com/malaysia/corporate/taxes-on-corporate-income))_
- **Consumption tax system** — Sales and Service Tax (SST) — Malaysia has no VAT/GST (GST was abolished in 2018)  _(Sales Tax Act 2018 / Service Tax Act 2018)_
- **Individual return deadline (employment income, Form BE)** — 30 April following the year of assessment (e-Filing typically extended to 15 May)  _([Income Tax Act 1967](https://www.pwc.com/my/en/publications/mtb/important-filing-furnishing-dates.html))_
- **Company return deadline (Form C)** — Within 7 months after the company's financial year-end  _([Income Tax Act 1967](https://www.pwc.com/my/en/publications/mtb/important-filing-furnishing-dates.html))_

## Today's figures and who stands behind this skill

This file is an AI skill (tax rules your AI follows) from OpenAccountants, copied on 2026-07-13. Rates, thresholds and deadlines change. For the current version of this skill, its official sources and the named accountant (if any) who stands behind it, call `get_skill` with slug `my-tax-overview` on the OpenAccountants connector (https://www.openaccountants.com/connect), or read https://www.openaccountants.com/skills/my-tax-overview. If neither is available, confirm every figure against the official source pages cited above before relying on it.