FACTOID # 1: Don't start a company in Australia. More than 20% of the tax collected in Australia is corporate income tax.
 
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Southeast Asia > Malaysia > Taxation

MALAYSIAN TAXATION STATS:   Top Stats   All Stats  
View this page with:    Just Stats   Sources   Definitions   Both  
Customs and other import duties > % of tax revenue 52 % ... [52nd of 82]
Customs and other import duties > current LCU 3912000000 ...
Highest marginal tax rate, corporate rate > % 51 % ... [51st of 108]
Highest marginal tax rate, individual > on income exceeding, US$ 15 $ ... [15th of 93]
Highest marginal tax rate, individual rate > % 61 % ... [61st of 102]
Net taxes on products > current LCU 29524010000 ...
Net taxes on products > current US$ 32 $ ... [32nd of 159]
Other taxes > % of revenue 91 % ... [91st of 91]
Other taxes > current LCU -212400000 ...
Social contributions > % of revenue 40 % ... [40th of 78]
Social contributions > current LCU 673000000 ...
Tax payments > number 74 ... [74th of 171]
Tax revenue > % of GDP 43 % ... [43rd of 98]
Tax revenue > current LCU 69469800000 ...
Taxes on exports > % of tax revenue 9 % ... [9th of 36]
Taxes on exports > current LCU 1319900000 ...
Taxes on goods and services > % of revenue 79 % ... [79th of 98]
Taxes on goods and services > % value added of industry and services 75 % ... [75th of 89]
Taxes on goods and services > current LCU 20060300000 ...
Taxes on income, profits and capital gains > % of revenue 6 % ... [6th of 98]

... View all Taxation stats

SOURCES: Customs and other import duties are all levies collected on goods that are entering the country or services delivered by nonresidents to residents. They include levies imposed for revenue or protection purposes and determined on a specific or ad valorem basis as long as they are restricted to imported goods or services.; Highest marginal tax rate (corporate rate) is the highest rate shown on the schedule of tax rates applied to the taxable income of corporations.; Highest marginal tax rate (individual rate) is the highest rate shown on the schedule of tax rates applied to the taxable income of individuals. This series presents the income levels for individuals above which the highest marginal tax rates levied at the national level apply.; Highest marginal tax rate (individual rate) is the highest rate shown on the schedule of tax rates applied to the taxable income of individuals.; Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in current local currency.; Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in current U.S. dollars.; Other taxes include employer payroll or labor taxes, taxes on property, and taxes not allocable to other categories, such as penalties for late payment or nonpayment of taxes.; Social contributions include social security contributions by employees, employers, and self-employed individuals, and other contributions whose source cannot be determined. They also include actual or imputed contributions to social insurance schemes operated by governments.; Tax payments by businesses are the total number of taxes paid by businesses, including electronic filing. The tax is counted as paid once a year even if payments are more frequent.; Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue.; Taxes on exports are all levies on goods being transported out of the country or services being delivered to nonresidents by residents. Rebates on exported goods that are repayments of previously paid general consumption taxes, excise taxes, or import duties are deducted from the gross amounts receivable from these taxes, not from amounts receivable from export taxes.; Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.; Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.

ALTERNATIVE NAMES: Malaysia

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