Corporate Tax Computation Format Malaysia

Basic formats of tax computations.

Corporate tax computation format malaysia. Non business income x dividend received as per p l acc x interest received as per p l acc x interest on loan to employee x add. Company tax computation format 1. Calculations rm rate tax rm 0 5 000. You may refer to our basic corporate tax calculator to prepare your tax computation.

On the first 2 500. Tax rate of company. Keep all business records supporting documents for deductions reliefs and rebate for a period of 7 years. Malaysia corporate taxes on corporate income last reviewed 01 july 2020.

All supporting documents like business records cp30 and receipts need not be submitted with form p. You may refer to the following templates for guidance on how to prepare your tax computation for specific industries. Example of tax computation format would be. For both resident and non resident companies corporate income tax cit is imposed on income accruing in or derived from malaysia.

To check and sign duly completed income tax return form. Although malaysia is neither a tax haven nor a low tax jurisdiction for companies which are eligible for the tax incentives the effective tax rates may be significantly below the normal corporate tax rate of 24. The current cit rates are provided in the following table. Corporate income tax in malaysia is applicable to both resident and non resident companies.

Basic format of tax computation for an investment holding company pdf 497kb. Company tax computation format add less rm rm net profit before tax xx less. To submit the income tax return form by the due date.