Malaysian Budget for 2025 Delivered Including Individual Dividend Tax, Enhanced and Expanded Incentives, and Sales and Service Tax Revisions
Malaysia's Budget for 2025 was delivered on 18 October 2024. Some of the main measures as explained in the tax measures document include:
- The introduction of a 2% dividend tax on annual chargeable dividend income of individuals exceeding MYR 100,000 from the year of assessment 2025, with several exemptions, including:
- dividend income from abroad;
- dividend income distributed from the profits…