Providing Taxation Services Companies in Malaysia

The taxation system in Malaysia is governed by the Income Tax Act of 1967. The act provides for the imposition of taxes on income derived from business, employment, or investments. The act also provides for the grant of tax exemptions and reliefs to encourage investment in certain sectors of the economy.

The Malaysian tax system is administered by the Inland Revenue Board of Malaysia (IRBM). The IRBM is responsible for the assessment and collection of taxes. It also provides guidance on tax matters to taxpayers and tax practitioners.

The tax rates for companies in Malaysia vary depending on the type of business activity. The tax rates for manufacturing companies range from 24% to 30%. The tax rates for service companies range from 10% to 24%.

The tax rates for companies engaged in agriculture and forestry are lower than the tax rates for other types of companies. The tax rates for companies engaged in agriculture range from 0% to 10%. The tax rates for companies engaged in forestry range from 0% to 5%.

The tax rates for companies engaged in mining and quarrying are also lower than the tax rates for other types of companies. The tax rates for companies engaged in mining range from 0% to 5%. The tax rates for companies engaged in quarrying range from