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Company Tax
Short Writeup
This is the tax raised on a Company’s profits. Like people, companies that are in operation, exist to earn profits. The Government is empowered under the Income Tax Act 1967 to collect from companies that are active.
A company, whether resident or not, is assessable on income accrued in or derived from Malaysia. Income derived from sources outside Malaysia and remitted by a resident company is exempted from tax, except in the case of the banking and insurance business, and sea and air transport undertakings. A company is considered a resident in Malaysia if the control and management of its affairs are exercised in Malaysia.
A tax rate of 27% applies to both resident and non-resident companies. A company carrying on petroleum upstream operations is subject to a Petroleum Income Tax of 38%.
Aside from Company Tax payable on profits, a company also pays service tax and sales tax depending on the nature and the volume of its business. These forms of tax are actually collected by the company concerned from its customers and then paid over to the Government.
Departments & Agencies
The Inland Revenue Department
BorangE0E – Penyata Saraan Majikan
BorangP04 – Penyata Pendapatan Perkongsian
BorangTA2005 – Borang Cukai Pendapatan Badan Amanah
BorangTF – Borangf Cukai Pendapatan Pertubuhan
BorangTP – Borang Cukai Pendapatan Harta Pusaka
Borang C1 2005 – Borang Cukai Pendapatan Koperasi
Borang C 2005 – Borang Cukai Pendapatan Syarikat
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