B Gains profit from employment. On the First 2500. Understanding Tax Smeinfo Portal Taxable income band MYR. . Tax Rates for Individual Assessment Year 2020. C Dividends interest or discounts. Additionally the tax rate on those earning more than RM2 million per year has been increased from 28 to 30. Therefore if youre a very busy person. 13 rows 30. A non-resident individual is taxed at a flat rate of. Assessment Year 2020 Individual Taxable Income for the first RM35000 is RM900 and calculate on 10 for the next RM15000 of total income. Based on this amount your tax rate is 8 and the total income tax that you must pay amounts to RM1640 RM600 RM1040. On the First 5000 Next 15000. Taxable income band MYR. On the First 5000. Malaysia has a territorial tax. Foreigners with a non-resident status are subjected to a flat taxation rate of 28 this means that the tax percentage will ...