#Malaysiaimmigration# Introduction Malaysia is a multi-ethnic and multi-cultural country. Malaysia has become a striking diversified emerging industrial country in Asia and an emerging market economy in the world. The following is a collection of taxes that immigrants in Malaysia 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 to Malaysia by resident and non-resident companies are tax-free (except for banks, insurance, shipping and air freight companies). A company will be deemed to be a resident company if it exercises business control and management in Malaysia.

The general income tax for foreign-funded enterprises is the same as that for domestic-funded enterprises, which is 28%. Enterprises with emerging industry status can enjoy preferential treatment according to relevant regulations. For companies engaged in oil production, the income tax rate is 38%.

2. Personal income tax

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

The following income earned by non-resident individuals during their stay in Malaysia shall be subject to special income tax in advance:

Use of movable property, provision of technical consulting services, provision of plant and machinery installation services, and provision of other intangible 10% of income from assets;

The prepayment tax rate for income from patents is 10%;

The prepayment tax rate for bank deposit interest income is 15%;

Corporate ***The prepayment tax rate on performance income is 15%.

3. Real estate gains tax

Income from the sale of real estate, land interests and real estate company shares in Malaysia is subject to real estate gains tax. The corresponding tax rates for Malaysian citizens and companies are as follows:

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

If the real estate (including related interests) is sold within If the real estate (including related interests) is sold within the fourth year of acquisition, the tax rate is 20%;

If the real estate (including related interests) is sold within the fourth year of acquisition, the tax rate is 15%;

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

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

Malaysian citizens and permanent residents can enjoy tax exemption of up to 5,000 ringgit or 10% of income.

Non-Malaysian citizens and residents who sell real estate and related interests within five years are subject to a tax rate of 30%, and after five years the tax rate is 5%, and they do not enjoy tax incentives or reductions.

4. Sales tax

Sales tax is a one-time ad valorem tax. All products and imported goods manufactured in Malaysia (except duty-free goods) are subject to sales tax at a rate of 0-25%, but raw materials and machinery used in the manufacture of taxable goods are usually exempt. Some non-staple foods and building materials are taxed at 5%, while tobacco and alcohol are taxed at 25% and 20% respectively. Certain raw material products, basic grains, construction materials, agricultural implements and heavy machinery used in the construction industry are exempt from tax. Some tourist and sporting goods, books, newspapers and books are also tax-free.

5. Service tax/consumption tax

Certain institutions need to pay service tax on specific goods (such as food, beverages, tobacco, etc.). ) and services, this may also be considered a consumption tax. When providing services or selling goods, the tax rate is usually 5% of the service fee or product price. Currently, 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 in and outside hotels are subject to service tax.

6. Domestic taxes

Some specific locally produced products are subject to domestic taxes, mainly including cigarettes, alcohol, playing cards, cars, etc.

7. Import tax

Most imported goods are subject to import tax, which is divided into value tax and specific tax rate. Import rates for VAT range from 2% to 300% (for assembled cars). In recent years, import duties on most raw materials, components and machinery have been eliminated. However, since the financial crisis in the second half of 1997, the Malaysian government has increased the import tax rate on some large machinery and equipment and high-end consumer goods to reduce foreign exchange expenditures by reducing imports. Among them, the import tax rate for luxury cars was increased from 200% to 300%.

8. Export tariffs

In addition to imposing export taxes on the export of certain resource commodities, Malaysia generally exempts the export of manufactured goods from export taxes. Taxable commodities subject to export taxes in Malaysia include resource commodities such as crude oil, logs, sawn timber and palm oil.

9. Stamp Duty

Stamp duty is levied on certain bills and documents, and different rates apply depending on the type of bill and document and the transaction involved. For businesses whose assets reach 100,000 ringgit for the first time, a stamp duty of 1% will be levied, and if the amount exceeds this amount, a stamp duty of 2% will be levied. For the transferable regime, the stamp duty rate is 0.3%. Certain instruments, such as bills of lading and instruments transferring interests, such as copyrights, patents and trademarks, are exempt from stamp duty.

Part 2 Advantages of Malaysian Red Card Immigration

1. Free entry and exit - no time or frequency restrictions, traveling between China and Malaysia;

2. Free of immigration prison - immigrate to Malaysia, free of immigration prison and no residence restrictions;

3. Enjoy national treatment for working and starting a business in Malaysia - holding MyPR does not require a work permit to engage in any work in Malaysia, and registration is required Malaysian companies do not have any restrictions;

4. No threshold restrictions on real estate purchase - there are no restrictions on the type and price of real estate in Malaysia, and real estate above 250,000 ringgit can be purchased at will;

5. Enjoy preferential loans and interest rates when purchasing real estate - unlimited purchases and limited loans for real estate in Malaysia. There is no limit to the number of properties you can buy, and you can enjoy a loan ratio of up to 90%, and the annual mortgage interest rate is only about 4%;

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

7. Unrestricted fertility - Not only does Malaysia have no family planning regulations, but the government encourages multiple and eugenics . Therefore, Malaysia is the first choice country for having children for those who like large families. You can have a baby if you want, without any restrictions;

8. Newborns can be directly naturalized in Malaysia - if a man has MyPR, no matter what his wife’s status is, a child born in Malaysia will automatically obtain Malaysian nationality. If one person invests, future generations will benefit for life.

9. Winning at the starting line - Malaysian babies can receive bilingual education in international classes in primary schools and middle schools in various cities in China that can enter without examination, allowing children to win at the starting line.

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

11. Quickly sign for a third country in Malaysia - Malaysia has visa-free access to more than 100 countries around the world. It will be very easy to go to a third country with MyPR. There is no need to go back to China, and it is efficient and fast to apply for a visa to Canada, New Zealand and other Commonwealth member states directly in Malaysia;

12. Dual identity, freedom of movement - no need to give up your original nationality, and it will not affect your ability to travel abroad Career and life in China; with MyPR at the same time, except for the Malaysian passport, voting rights and government-funded medical services, you enjoy the same national treatment as local citizens.

Extended reading: Malaysian immigration process

Step one: Submit the application form "Malaysia Second Home Program" service agreement in advance

Step 2: Submit the following information

1. One Malaysia My Second Home application form

2. Three social visit pass forms (one original and two photocopies)

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

4. A copy of the main applicant’s resume, including Educational qualifications, work experience, skills or expertise

5. Five color passport-sized photos (white background)

6. Certified copies of passport/travel documents (all pages) < /p>

7. A personal deposit form

8. The applicant’s criminal record certificate (notarization required)

9. The health status of the applicant and his family members Self-declaration form

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

11. Certified copy of birth certificate/legal document of dependents (if child/adopted) Children/continued children/accompanied by parents), confirmation letter from medical expert/general practitioner (if accompanied by a disabled child over 21 years old)

12. Verification of bank statements for the last 3 months Copies

13. Certified copies of salary slips/profit and loss statements/pension for the past three months

Step 3: Provided by the Immigration Department unit - My Second Home Center Applicant Approval Letter

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

1. At any store in Malaysia Insurance companies purchase medical insurance applicable to Malaysia

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

3. Open any registered private hospital in Malaysia Or the clinic to obtain the medical report

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

1. Submit the time deposit certificate

2. Submit medical insurance policy

3. Submit medical report

Step 6: The applicant successfully joins the Malaysia My Second Home program