Malaysian Corporate Tax Versus Others In Asia Pacific

Among the measures announced in Budget 2007 is the reduction of the corporate tax from 28% currently to 27% next year and to 26% the following year.

Incidentally,Malaysia’s 28% corporate tax level has not changed since 1998.

However,our current Malaysia’s corporate tax rate is still one of the lowest among Asian countries – lower than Thailand (30%),Australia (30%) and even India (33.6%) – but higher than Singapore (20%),Hong Kong (17.5%) and Taiwan (25%) ( refer table).

Snapshot of Corporate Tax rates in Asia Pacific (%)

Sorted by Lowest to Highest %

(Source:KPMG corporate tax rate survey 2006)

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