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  1. Mar 18, 2024 · Rental income in Malaysia is taxed on a progressive tax rate from 0% to 30%. The rental income commencement date starts on the first day the property is rented out, whereas the actual rental income itself is assessed on a receipt basis.

    • Investors

      Rental Income Tax 2024 in Malaysia, And Other Tax Reliefs...

  2. Feb 22, 2024 · Residents are taxed from 0% to 30% based on a progressive rate of your rental income. Non-residents are subjected to a fixed tax rate of 30% on your rental income. The calculation starts from the first day your property is rented out. It is calculated based on net income (minus deductible expenses).

  3. Special relief of RM2,000 will be given to tax payers earning on income of up to RM8,000 per month (aggregate income of up to RM96,000 annually). This relief is applicable for Year Assessment 2013 and 2015 only.

  4. Dec 21, 2023 · If you are wondering how to determine whether you qualify as a taxpayer and whether is it necessary for you to pay income tax for any rental income you receive, fret not as we have compiled a step-by-step guide to help you figure this out and file your taxes properly. 1. First of all – is your income taxable?

  5. Mar 6, 2024 · What are the YA 2023 tax reliefs? What are tax rebates for YA 2023? Real Property Tax Gains (RPGT) for property owners. Capital allowance for property and business owners. Do I have to pay tax for my rental income? Do gig economy workers get any income tax relief?

  6. The following Amendment Rules were gazetted on 27 December 2021, to legislate the Budget 2022 proposal that the special deduction given to property owners who provide rental reductions of at least 30% to their tenants be extended for another six months, until June 2022 (see Tax Alert No. 1/2022):

  7. Amount of taxable rental income. Rental expenses. Expenses incurred solely for producing the rental income and during the period of tenancy may be claimed as tax deduction. Property owners who lease their residential properties can now enjoy the convenience of pre-filled rental expenses.