Corporate Tax Rate in Malaysia averaged 26.21 percent from 1997 until 2020, reaching an all time high of 30 percent in 1997 and a … Malaysia Corporate Income Tax Rate. Malaysia. Income derived from sources outside Malaysia and remitted by a resident company is exempted from tax, except in the case of the banking and insurance business, and sea and air transport undertakings. Basis– Corporations are taxed on income derived from Malaysia. Income derived from sources outside Malaysia and remitted by a resident company is exempted from tax, except in the case of the banking and insurance business, and sea and air transport undertakings. For both resident and non-resident companies, corporate income tax (CIT) is imposed on income accruing in or derived from Malaysia. Malaysia adopts a territorial system of income taxation. The Corporate Tax Rate in Malaysia stands at 24 percent. Malaysian Tax and Business Booklet Careers Career opportunities Experienced hires Internships Graduates and non-graduates Work-life @ PwC Malaysia Today's issues Budget 2020 Catching the FinTech wave Food Supply and Integrity Services Indirect Tax Sustainability and Climate Change Trust Our Perspective - Blog PwC Insights New world. A company or corporate, whether resident or not, is assessable on income accrued in or derived from Malaysia. Malaysia adopts a territorial system of income taxation. Corporate income tax rate 24% (in general) Branch tax rate 24% (in general) Capital gains tax rate 0%/10%/15%/20%/30%. Chargeable income (MYR) CIT rate for year of assessment (%) 2019/2020. A company, whether resident or not, is assessable on income accrued in or derived from Malaysia. The current CIT rates are provided in the following table: Type of company. Residence– A corporation is resident in Malaysia if its management and control are exercised in Malaysia.