Malaysia – Tax update 2023

21 November 23
The 2023 Malaysia Tax Update outlines significant tax regulations, focusing on the territorial basis for taxation, the self-assessment regime, and specific tax rates for businesses and individuals. It introduces a cap on foreign ownership for SMEs starting in 2024 and details adjustments in Real Property Gains Tax and Sales and Services Tax. The document also discusses personal tax rates, residency criteria, and exemptions for non-residents and expatriates. Additionally, it covers withholding tax for payments to non-residents and emphasizes compliance with transfer pricing rules to adhere to the arm’s length principle. This guide aims to navigate Malaysia’s tax landscape effectively for the year 2023.

You may also like

11 March 24


Recent Posts


Subscribe to our mailing list

Media Contact

For media enquiries please contact us at

Scan here: