Day: November 2, 2021

  • Tax Incentive for Nonresident Individuals Holding Key Positions In Companies

    Tax Incentive for Nonresident Individuals Holding Key Positions In Companies

    95.1-Guidelines-and-Procedures-for-the-Application-of-Special-Tax-Incentive-under-the-National-Economic-Recovery-Plan-PENJANADownload
    95.1-OECD_G20-Inclusive-framework-on-beps-progress-report-July-2020-September-2021-1Download
    95.2-Guidelines-and-Procedures-for-the-Application-of-Special-Tax-Incentive-for-Selected-Services-Activities-under-the-National-Economic-Recovery-Plan-PENJANADownload

    1. On June 5, 2020, the Malaysian government announced the Special Tax Incentive under the Economic Recovery Plan (PENJANA) for manufacturing companies who seek to transfer their operations to Malaysia.

    2. Non-Citizen Individuals Holding Key Positions (C-Suite) are taxed at a fixed rate of 15% for 5 years.

    3. This tax incentive is limited to 5 non-citizen individuals working in each company who meet the following criteria:

    • the individual earns a monthly salary of not less than RM25,000; and
    • the individual is a tax resident in Malaysia for each year of assessment when the 15 percent flat income tax rate is in effect.
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    1. 2020年6月5日，马来西亚政府宣布了经济复苏计划 [PENJANA] ，并针对那些寻求将业务转移到马来西亚的制造企业，给予特别税收优惠。

    2. 担任关键职位 [C-Suite] 的个人非马来西亚公民，将连续5年按15%的固定税率纳税。

    3. 每家公司在这项税收优惠政策下，仅限 5 名符合以下条件的个人非公民可享有此税务优惠:-

    • 个人的月薪不低于25千令吉；以及
    • 在15%的统一所得税率生效的每个课税年度，该非公民个人都是马来西亚的税务居民。

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  • Imposition of Cukai Makmur

    Imposition of Cukai Makmur

    Budget 2022 Highlights – Imposition of Cukai Makmur – PDF

    96.-Budget-2022-Highlights-Imposition-of-Cukai-MakmurDownload

    1. To aid the affected parties, effective from the year of assessment 2022 a one-time special tax is known as Cukai Makmur be placed on companies other than MSMEs that generate substantial profits during the COVID-19 pandemic period, It is proposed that:

    👉 The first RM100 million of chargeable income is taxed at a rate of 24%,

    👉 while the remaining chargeable income is taxed at a rate of 33%.

    2. Note that the Cukai Makmur is based on chargeable income and not on the net profit or turnover of the Company.

    🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻

    1. 为了帮助受影响的各方，从 2022 年的课税年开始，对新冠肺炎疫情期间产生大量利润的非微型、小型和中型 [Non-MSMEs] 企业征收一次性特别税，即繁荣税 [Cukai Makmur]，建议:

    👉 首批1亿令吉的课税收入，将照旧按24%的税率征税；

    👉 而其余的可是收入，则按33%的税率征税。

    2. 注意，繁荣税是以课税收入 [chargeable income]为基础，而非以按照企业的净利或营业额征收

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