A corporate tax, also called corporation tax or company tax, is a direct tax imposed by a jurisdiction on the income or capital of corporations or analogous legal entities.
Corporate tax is charged to the resident company (Sendirian Berhad and Berhad) receiving income in Malaysia and outside Malaysia for company carrying out insurance, sea or air transportion and banking businesses.
The Corporate Tax Rate in Malaysia stands at 24 percent. Corporate Tax Rate in Malaysia averaged 26.30 percent from 1997 until 2019, reaching an all time high of 30 percent in 1997 and a record low of 24 percent in 2015.