The Finance Bill 2016 was enacted as Finance Act 2017 on 16 January 2017. The enacted Finance Act 2017 reduces the corporate tax for the year of assessment 2017 and 2018. The reduced tax rate will be between 1 and 4 percentage points for companies with a significant increase in taxable income for the year of assessment 2017 and 2018. A reduction of the tax rate from 19% to 18% will be applicable for SMEs for taxable income up to RM500,000.
«
Previous post
US: FATCA agreement signed with Greece
US: FATCA agreement signed with Greece
Related Posts
Malaysia, Korea (Rep.) extend interest withholding tax exemption to two state institutions
November 04, 2026
The Inland Revenue Board of Malaysia (IRBM) has published a competent authority agreement with Korea (Rep.). The two
Read More
Malaysia extends tax exemption for foreign-sourced dividend income to 2030
October 28, 2026
Malaysia has gazetted the Income Tax (Dividend Income Received in Malaysia from Outside Malaysia) (Exemption) Order
Read More
Malaysia updates guidelines on tax treatment of foreign capital gains
October 19, 2026
The Inland Revenue Board of Malaysia (IRBM) has issued amended technical guidelines dated 29 September 2026 on the tax
Read MoreMalaysia updates small value asset capital allowance rules
October 13, 2026
Malaysia’s Inland Revenue Board (IRBM) has published Public Ruling No. 4/2026 on 30 September 2026, providing updated
Read More
Malaysia: Budget 2027 proposes MSME incentives, middle-income tax cuts, green investment measures
October 12, 2026
Malaysia’s Prime Minister and Minister of Finance presented the 2027 budget on 9 October 2026, outlining a strategic
Read MoreMalaysia updates capital gains tax guidelines for unlisted shares
October 07, 2026
The Inland Revenue Board of Malaysia (IRBM) has updated its capital gains tax guidelines for unlisted shares on 21
Read More