Taxable Income (RM) Tax Rate (%) 0 – 5,000 0 5,001 – 20,000 1 20,001 – 35,000 3 35,001 – 50,000 8 50,001 – 70,000 14 70,001 – 100,000 21 100,001 – 250,000 24 250,001 – 400,000 24. The Malaysian tax system, administered by the Inland Revenue Board of Malaysia (IRB), relies on a progressive structure that ensures individuals and entities contribute according to their earnings.
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5 400,001 – 600,000 25. Income from self-employment or professional services.
For the year of assessment, resident individuals enjoy a range of personal reliefs that reduce the effective tax burden. Royalties from intellectual property or publishing rights.
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Common Sources of Assessable Income Salary, wages, bonuses, and commissions from employment. The Progressive Tax Rates and Personal Reliefs Malaysia applies a progressive tax rate for individuals, where higher income brackets are taxed at increasing rates.
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