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Malaysia

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Tax authorities

Royal Malaysian Customs Department
Ministry Of Finance Complex,
No. 3 Persiaran Perdana,
Precinct 2, 62596 Putrajaya
Tel: +603 8882 2100/2300/2500
Website: www.customs.gov.my

Department of International Taxation
Headquarters Inland Revenue Board of Malaysia
12th Floor Menara Hasil, Persiaran Rimba Permai, Cyber 8, 63000 Cyberjaya Selangor
Tel: +60 3 8313 8888
Fax: +60 3 8313 7848/8313 7849
Website: www.hasil.gov.my

Tax rates at a glance

(As of September 2012)

Corporate income 25%
Capital gains 10% (a)
Branch tax 25%
Withholding tax
Dividends 0%
Interest 15%
Royalties 10%
Technical service fees 10%
Branch remittance tax 0%
Net operating losses
Carryback 0 (b)
Carryforward Indefinitely
  1. The 10% capital gains rate only applies to gains derived from the disposal of real property or on the alienation of shares in a real property company. Otherwise, capital gains are not taxed in Malaysia.
  2. Only for assessment years 2009 and 2010.

Malaysia

Goh Ka Im, Anand Raj, Irene Yong, Cynthia Lian, Foong Pui Ch and Penny Wong
Shearn Delamore & Co
Kuala Lumpur

The Malaysian legal system is based upon common law and, in keeping with such traditions, judicial proceedings are adversarial in nature. Historically, much of Malaysian tax and revenue jurisprudence originated from the British and other Commonwealth jurisdictions. Shearn Delamore & Co explains the rules that apply to taxpayers in Malaysia

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Tax

Despite global financial challenges, Bank Negara Malaysia has reported that "the Malaysian economy recorded a higher growth of 5.4% driven by stronger domestic demand, which rose by 13.8%" during the second quarter of 2012. The statistics are higher ... [more]

Deloitte has one of the largest tax teams in the country with more than 280 professionals. Yee Wing Peng is the country tax leader and the team is also managed by 13 other partners. The large group offers all the usual tax related services that are usual ... [more]

Yeo Eng Ping remains as Ernst & Young's tax practice leader. The extensive regional network allows the team to collect knowledge, skills and experience of tax professionals in other global practices, and mobilise teams at short notice to deliver quality ... [more]

KPMG has 10 offices scattered around Malaysia. The tax practice, led by Khoo Chin Guan, has been actively engaged in a large amount of tax audit issues, regularly defending clients before the tax authorities.Guan and the group have witnessed a rise of ... [more]

PwC

Khoo Chuan Keat leads the highly respected tax team at PwC. A client notes the team's ability to carry out tax matters from a commercial perspective. There are more than 300 tax professionals under Khoo Chuan Keat's leadership, with 32 holding the position ... [more]

As a full-service law firm with a discrete tax practice, Shearn Delamore & Co can offer clients the range of advice on direct and indirect tax, structuring, planning, litigation, audit and investigation matters. They are particularly well equipped to ... [more]

The tax department at Taxand Malaysia is led by the experienced Veerinderjeet Singh, who is well known in the market for his knowledge of capital markets and financial services, in addition to his transfer pricing expertise.There is consensus among clients ... [more]

Adeline Wong is the only tax partner in the Wong & Partners tax department. She is supported by 10 other tax professionals. The team offers well rounded tax service, including advice on non-contentious tax matters and tax litigation. One rival said the ... [more]

The tax practice at Azman Davidson & Co occupies a niche tax litigation market. They represent their clients at all levels of tax disputes from the Special Commissioners of Income Tax and high courts to the Court of Appeal. The firm often receives referral ... [more]

Known in the market for his tax controversy expertise, Vijey Krishnan leads the tax practice at Raja, Darryl & Loh, though he advises on non-contentious matters too. The team is supported by the firm's large litigation practice, lends their resources ... [more]

See also

Malaysia
Asia-Pacific

Firm contact details