Malaysia corporate tax rate
Standard statutory rate of income tax on the chargeable income of a resident company.
| Current value | 24 percent |
|---|---|
| In force from | 2016-01-01 |
| Official source | Lembaga Hasil Dalam Negeri Malaysia (Inland Revenue Board), Kadar Cukai Syarikat (Company Tax Rates), page updated 25 June 2026; statutory basis Part I of Schedule 1 to the Akta Cukai Pendapatan 1967 / Income Tax Act 1967 [Act 53] |
| Last verified | 2026-07-20 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
24% is the general statutory rate applying to every company other than those qualifying for the SME schedule, and has been unchanged since year of assessment 2016 (25% for YA 2009-2015). This is the NOMINAL rate; Malaysia has no state, provincial or municipal corporate income tax and no separate surcharge, so 24% is also the top combined rate for an ordinary company. SME SCHEDULE (do not blend into the headline): a resident company incorporated in Malaysia with paid-up ordinary share capital of RM2.5 million or less at the start of the basis period AND gross business income of RM50 million or less pays 15% on the first RM150,000 of chargeable income, 17% on RM150,001 to RM600,000, and 24% on the balance, from YA 2024. For YA 2020-2023 the SME schedule was 17% on the first RM600,000 and 24% thereafter. The SME rates are further denied where more than 20% of the company's paid-up capital is directly or indirectly owned by a foreign company or non-Malaysian individual. OTHER RATES OUTSIDE THIS FIELD: a non-resident company is taxed at 24% on Malaysian-source income; petroleum income is taxed separately at 38% under the Petroleum (Income Tax) Act 1967 [Act 543]; Labuan entities may elect 3% of audited net profits under the Labuan Business Activity Tax Act 1990 [Act 445]; a 2% dividend tax on individual shareholders receiving over RM100,000 of Malaysian dividends applies from YA 2025; and Malaysia's domestic top-up tax and multinational top-up tax under the Pillar Two global minimum tax regime apply from financial years beginning on or after 1 January 2025 to in-scope groups with EUR 750 million+ revenue. None of these displaces the 24% headline. ACCESS QUIRK: the hasil.gov.my portal was rebuilt in 2026 and every legacy /en/company/... and /en/individual/... URL now returns a 404 page - even the LHDN-hosted PDFs still indexed by search engines. Only the Bahasa Malaysia paths under /syarikat/ and /individu/ resolve; there is no working English mirror of this table. LHDN's own heading on this page still reads 'Tahun Taksiran 2023 - 2024', i.e. LHDN has not published a refreshed YA 2025/2026 block, but no Finance Act has amended the Schedule 1 Part I company rates since, so 24% stands.
Get it programmatically
curl https://asiaref.dev/v1/my/corporate-tax
# $0.001 per call — x402 on Base (USDC). No key, no signup.
# History: curl https://asiaref.dev/v1/my/corporate-tax/history?from=2020-01-01
# Provenance: curl https://asiaref.dev/provenance/my/corporate-taxOther Malaysia series: policy interest rate · VAT rate · minimum wage · public holidays · inflation rate (CPI) · income tax rates