Individual Income Tax Amendments in Malaysia for 2021
Individual Income Tax Amendments in Malaysia for 2021 Individual Income Tax Amendments in Malaysia for 2021 March 1, 2021 Posted by ASEAN Briefing Written by Ayman Falak Medina Reading Time: 4 minutes 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 taxpay...
Source: aseanbriefing.com