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Malaysian Budget for 2025 Delivered Including Individual Dividend Tax, Enhanced and Expanded Incentives, and Sales and Service Tax Revisions

|Proposed Changes|Malaysia
Malaysia

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…

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