Individual Income Tax Amendments in Malaysia for 2021

Share This Post

(The Asean Briefing)

  • Malaysia’s government has introduced several income tax amendments that will impact individual taxpayers for 2021.
  • The individual income tax has been reduced from 14 to 13 percent for resident taxpayers in the 50,000 ringgit (US$12,375) to 70,000 ringgit band (US$17,325).
  • Further, there are several tax relief schemes that residential taxpayers can benefit from for this year and beyond.

Subscribe To Our Newsletter

Get updates and learn from the best

More To Explore

Do You Want To Boost Your Business?

drop us a line and keep in touch

Scroll to Top