Is there a tax on housing rent in Johor Bahru, Malaysia?

Malaysia adopts the principle of tax territoriality, that is, any income generated or received by an individual or company in Malaysia from outside Malaysia (except in certain circumstances) is subject to income tax. The current corporate income tax rate is 25%. After the evaluation year of 20 16, the corporate income tax rate was reduced from 25% to 24%. For small and medium-sized companies with paid-in capital less than RM 2.5 million, the tax rate will be adjusted as follows:

(1) For companies with taxable income below RM500,000, the tax rate will be reduced from 20% to19%;

(2) For companies with other taxable income, the tax rate is reduced from 25% to 24%.

● Capital gains tax (real estate profit tax)

What deserves foreign investors' attention is that in order to avoid real estate speculation and curb the excessive growth of real estate prices, the Malaysian government established the Real Estate Income Tax (RPGT) and revised the collection standard in 20 14. 30% of the value-added part of the property held for sale within five years and 5% of the value-added part of the property sold for more than five years are collected from foreign investors.

● Stamp duty

Stamp duty payable when investing in or purchasing real estate is levied according to the higher of the cash value of real estate consideration and the fair market value of real estate, and the tax rate gradually decreases with the increase of real estate value, ranging from 1% to 0.4%. -Answers from overseas professional teams in Liang Ming.