The Complete Malaysia Personal Income Tax Guide 2021

Malaysian income tax

Have you filed your income tax return?
Image from Forbes

Preparing and filing your income tax return in Malaysia can be a stimulating and nerve-wracking experience every year for most people, but it is not necessary if you understand how income tax works in Malaysia.

Do you know how your tax is calculated? Do you know that Malaysia adopts a graduated tax rate system which means you only pay the higher rate on the amount higher than the rate? Do you know what are the differences between tax exemptions, tax breaks, tax rebates and tax deductibles? How can you get a higher tax return?

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If you don’t know the answers to these and many other income tax related questions, you will have no idea how to properly plan your taxes. Without planning, you won’t be able to maximize the tax breaks available and get the tax savings to which you are entitled.

Well, it’s never too late to find out. With this simple and easy to understand Malaysia Income Tax 2021 guide, you’ll be filing your tax return like a genius in no time.

Now let’s get started and find out what is billable income!

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Check here how much tax you will pay with the latest tax rates.

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Jothi Venkat

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