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Malaysia Individual Income Tax Rates for 2015

16 January 2015

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Approved Changes

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Malaysia

Malaysia's individual Income tax rates for 2015 are reduced overall, the top rate bracket threshold is increased, and two brackets are added. The brackets and rates are as follows: up to MYR 5,000 - 0% over MYR 5,000 up to 20,000 - 1% over MYR 20,000 up to 35,000 - 5% over MYR 35,000 up to 50,000 - 10% over MYR 50,000 up to 70,000 - 16% over MYR 70,000 up to 100,000 - 21% over MYR 100,000 up to 250,000 - 24% over MYR 250,000 up to 400,000 - 24.5% over MYR 400,000 - 25% The new rates apply...