Knowing your Taxes in Kuala Lumpur

 

 

Property and Investment Tax Investment for Individuals

Capital gains are usually not subject to tax in Malaysia. However, Real Property Gains Tax is levied on profits derived from the disposal of real property situated in Malaysia. This also applies to interest, options or other rights in or over land as well as the disposal of shares in real property companies. The rates of tax are as follows:

Disposal within two years

30%

Disposal in the 3rd year              

20%

Disposal in the 4th year 

15%

Disposal in the 5th year            

5%

Disposal in the 6th year and thereafter

5%

Individuals          

NIL

Local tax office

Inland Revenue Board Malaysia (Lembaga Hasil Dalam Negeri Malaysia)

Pusat Khidmat Pelanggan

Jabatan Pemprosesan

Aras 12, Menara C

Persiaran MPAJ

Jalan Pandan Utama, Pandan Indah

55100 Kuala Lumpur

Toll Free Line: 1300 88 3010

E-Filing Helpline: 03 4289 3535

International Line: (603) 4289 3500