Taxes that Malaysian immigrants need to know.

Malaysia is a multi-ethnic and multicultural country. Malaysia has become an eye-catching diversified emerging industrial country in Asia and an emerging market economy in the world. The following are the taxes that Malaysian immigrants need to know. Welcome to read!

Article 1 Taxes that Malaysian immigrants need to know.

1. Corporate income tax Generally speaking, all income of companies operating in Malaysia should be taxed. However, remittances from resident and non-resident companies to Malaysia are tax-free (except for banks, insurance, shipping and air transport companies). If the company implements business control and management in Malaysia, the company will be regarded as a resident company.

The general income tax of foreign-funded enterprises, like domestic-funded enterprises, is 28%. Enterprises with the status of emerging industries can enjoy preferential treatment according to relevant regulations. Companies engaged in oil production have an income tax rate of 38%.

2. Personal income tax

Income from Malaysian residents, income remitted to China from outside Malaysia and income from non-residents working in Malaysia shall be subject to income tax. The individual income tax of residents is subject to a progressive tax rate of 0-28%, and those who meet the conditions can be reduced or exempted. The personal income tax rate of non-residents is 28%, and non-residents are not entitled to any relief unless they stay or work in Malaysia for less than 60 days.

Non-resident individuals shall pay special income tax in advance for the following income obtained during their stay in Malaysia:

65,438+00% income from using movable property, providing technical consulting services, providing factory and machine installation services and providing other intangible assets;

The prepayment tax rate of patent income is10%;

The prepayment tax rate of bank deposit interest income is15%;

The prepayment tax rate of public performance income is 15%.

3. Real estate profits tax

Income from the sale of Malaysian real estate, land rights and interests and shares of real estate companies shall be subject to real estate profits tax. The corresponding tax rates for Malaysian citizens and companies are as follows:

If the real estate (including related rights and interests) is sold within two years after acquisition, the tax rate is 30%;

If the real estate (including related rights and interests) is sold within the third year after acquisition, the tax rate is 20%;

If the real estate (including related rights and interests) is sold within the fourth year of acquisition, the tax rate is15%;

If the real estate (including related rights and interests) is sold within the fifth year after acquisition, the tax rate is 5%;

If the real estate (including related rights and interests) is sold after the fifth year, the corporate tax rate is 5%, and Malaysian citizens are not required to pay.

Malaysian citizens and permanent residents can enjoy tax exemption of up to 5000 ringgit or 10% of their income.

Non-Malaysian citizens and residents sell real estate and related rights and interests within five years, and the tax rate is 30%. After five years, the tax rate is 5%, and there is no preferential tax reduction or exemption.

4. Business tax

Sales tax is a one-time ad valorem tax. All products and imported goods made in Malaysia (except duty-free goods) are subject to sales tax at the rate of 0-25%, but raw materials and machinery used to make taxable goods are usually duty-free. The tax rates for some non-staple foods and building materials are 5%, and the tax rates for tobacco and alcohol are 25% and 20% respectively. Some raw materials, basic grain, building materials, farm tools and heavy machinery used in the construction industry can be exempted from tax. Some sightseeing and sports goods, books, newspapers and books can also be duty-free.

5. Service tax/consumption tax

Some institutions need to pay service tax for certain commodities (such as food, beverages, tobacco, etc.). ).) and services can also be regarded as consumption tax. When providing services or selling goods, the tax rate is usually 5% of the service fee or product price. At present, all large hotels and restaurants, conference and performance venues, professional services such as lawyers, accountants and surveyors, insurance and telecommunications services, security and leisure services inside and outside hotels are subject to service tax.

6. Domestic tax revenue

Some local products need to pay domestic taxes, mainly including cigarettes, alcohol, playing cards and cars.

7. Import duties

Most imported goods have to pay import taxes, which are divided into value-added tax and specific tax. The import tax rate of value-added tax is between 2% and 300% (assembling cars). In recent years, import duties on most raw materials, spare parts and machinery and equipment have been abolished. However, due to the financial crisis in the second half of 1997, the Malaysian government raised the import tax rate of some large machinery and equipment and high-end consumer goods, and reduced foreign exchange expenditure by reducing imports. Among them, the import tax rate of luxury cars has increased from 200% to 300%.

8. Export tariffs

Except for the export of some resource commodities, Malaysia usually exempts the export of manufactured goods from export tax. Taxable commodities subject to export tax in Malaysia include crude oil, logs, sawn timber, palm oil and other resource commodities.

9. Stamp duty

Stamp duty is levied on some bills and documents, and different tax rates are applicable according to the types of bills and documents and the transactions involved. Stamp duty of 1% will be levied on enterprises whose assets reach 65438+ million ringgit for the first time, and stamp duty of 2% will be levied if the assets exceed this amount. For transferable systems, the stamp duty rate is 0.3%. Some bills, such as bills of lading and rights transfer bills, such as copyrights, patents and trademarks, are exempt from stamp duty.

Chapter II Advantages of Malaysian Red Card Immigrants

1, free entry and exit-no time and frequency restrictions, travel between China and Malaysia;

2. Exemption from immigration supervision-immigration to Malaysia, no immigration supervision, no residence restrictions;

3. Enjoy the national treatment of working and starting a business in Malaysia-you don't need a work permit to hold MyPR to do any work in Malaysia, and there are no conditions for registering a Malaysian company;

4. There is no threshold for buying real estate-there is no limit on the type and price of buying real estate in Malaysia, and any real estate above RM250,000 can be purchased at will;

5. Enjoy loans and interest rate concessions when buying real estate-Malaysian real estate is not limited to purchase and loan. There is no limit to the number of real estate purchases, and you can enjoy a maximum loan ratio of 90%, and the annual mortgage interest rate is only about 4%;

6. Free and compulsory education for children-children enjoy free and compulsory education provided by the Malaysian government. Create bilingual international education opportunities for children and create a healthy growth environment and platform for their future achievements;

7. There are no restrictions on fertility-not only does Malaysia have no family planning regulations, but the government also encourages more births and better births. Therefore, Malaysia is the first choice for children who like big families. If you want to be born, you will be born without restrictions;

8. Newborns are directly naturalized in Malaysia-men have MyPR, and children born in Malaysia will automatically acquire Malaysian citizenship, regardless of their wives' status. One person invests, and future generations will benefit for life.

9. Win at the starting line-Malaysian babies receive bilingual education in international classes for primary and secondary schools in various cities in China, so that they can win at the starting line.

10, seize the highest point-children can enjoy the preferential policy of returning to the national college entrance examination by virtue of their foreign status, and enter national key universities such as Tsinghua and Peking University with low scores to seize the highest point of education.

1 1. Sign a third country directly in Malaysia-Malaysia has more than 100 countries in the world, so it will be very easy to host MyPR to a third country. It's efficient and fast to apply for visas of Commonwealth member countries such as Canada and New Zealand directly in Malaysia without returning to China.

12, dual identity, free riding-not giving up the original nationality, not affecting the career and life in China; At the same time, it has MyPR, which enjoys the same national treatment as local citizens except Malaysian passport, voting right and government-funded medical services.

Further reading: the immigration process in Malaysia

Step 1: Submit the application form "Malaysia Second Home Project" service agreement in advance.

Step 2: Submit the following information

1. Application form for my second home in Malaysia.

2. Three social access permission forms (one original and two copies)

3. Application (letter written and signed by the principal applicant)

4. A copy of the resume of the main applicant, including education, work experience, skills or specialties.

5. Five passport-sized photos (white background)

6. Certified copy of passport/travel document (all pages)

7. Personal deposit slip

8. The applicant's certificate of no criminal record (notarized)

9, the applicant and his family health self-assessment form

10. Certified copy of marriage certificate (if accompanied by spouse)

1 1, certified copies of birth certificates/legal documents of family members (if accompanied by children/adopted children/stepchildren/parents), and confirmation letters from medical experts/general practitioners (if accompanied by disabled children of more than 2 1).

12. Copies of bank statements for the past three months.

13. Certified copy of payroll/income statement/pension for the last 3 months.

Step 3: My second home center, the unit of the Immigration Bureau, sends an approval letter to the applicant.

Step 4: Within six months after the approval letter is issued, the applicant must come to Malaysia in person to handle the following matters:

1. Buy medical insurance suitable for Malaysia from any insurance company in Malaysia.

2. Set up a time deposit account that is automatically updated every year in any bank in Malaysia.

3. Obtain medical reports from any registered private hospital or clinic in Malaysia.

Step 5: Submit supplementary documents to the Immigration Bureau-My Second Home Center, as follows:

1. Submit time deposit certificate.

2. Submit the medical insurance policy

Step 3 submit a medical report

Step 6: The applicant successfully joined my second home project in Malaysia.