{"id":571,"date":"2024-01-10T09:46:00","date_gmt":"2024-01-10T09:46:00","guid":{"rendered":"https:\/\/atsymgmt.com\/?p=571"},"modified":"2024-01-08T13:06:12","modified_gmt":"2024-01-08T13:06:12","slug":"updates-of-company-tax-rate-wef-2024","status":"publish","type":"post","link":"https:\/\/atsymgmt.com\/zh\/2024\/01\/10\/updates-of-company-tax-rate-wef-2024\/","title":{"rendered":"Updates of Company tax rate wef 2024"},"content":{"rendered":"<p class=\"wp-block-paragraph\">Do you know that the privileges of SME status company will no longer be enjoyed by Company which is being owned by Company incorporated outside Malaysia or owned by a non Malaysian Citizen with effect from YA2024? Foreign owned company is being defined as <strong>20% of shareholding is being owned by Company incorporated outside Malaysia \/ non Malaysian Citizen<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Lets us recall what is the tax  privileges that being enjoyed by a SME in Malaysia<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><\/td><td><strong>SME<\/strong><\/td><td><strong>Non-SME<\/strong><\/td><\/tr><tr><td>Tax rate<\/td><td>First RM150,000 &#8211; 15%<br>Next RM150,001 &#8211; RM600,000 &#8211; 17%<br>Next RM600,001 &#8211; 24%<\/td><td>Tax at 24%<\/td><\/tr><tr><td><a href=\"https:\/\/atsymgmt.com\/zh\/2023\/08\/22\/aca-for-small-value-assets\/\">Small Value assets<\/a> (SVA)<\/td><td>No restriction on SVA, enjoy 100% CA rate for SVA &lt;RM2,000<\/td><td>SVA restricted to RM20,000 per YA<\/td><\/tr><tr><td><a href=\"https:\/\/atsymgmt.com\/zh\/2022\/11\/22\/%e4%bb%80%e4%b9%88%e6%98%afcp204\/\">CP204<\/a> <\/td><td>Enjoy exemption for first 2 YAs upon commencement date<\/td><td>No exemption available.<br>Need to submit CP204 within 3 month from Commencement date<\/td><\/tr><\/tbody><\/table><\/figure>","protected":false},"excerpt":{"rendered":"<p>Do you know that the privileges of SME status company will no longer be enjoyed by Company which is being owned by Company incorporated outside Malaysia or owned by a [&hellip;]<\/p>","protected":false},"author":1,"featured_media":576,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":false,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-571","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tax"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/atsymgmt.com\/wp-content\/uploads\/2024\/01\/Insta-post-ATSY-News-2.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/atsymgmt.com\/zh\/wp-json\/wp\/v2\/posts\/571","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/atsymgmt.com\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/atsymgmt.com\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/atsymgmt.com\/zh\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/atsymgmt.com\/zh\/wp-json\/wp\/v2\/comments?post=571"}],"version-history":[{"count":2,"href":"https:\/\/atsymgmt.com\/zh\/wp-json\/wp\/v2\/posts\/571\/revisions"}],"predecessor-version":[{"id":577,"href":"https:\/\/atsymgmt.com\/zh\/wp-json\/wp\/v2\/posts\/571\/revisions\/577"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/atsymgmt.com\/zh\/wp-json\/wp\/v2\/media\/576"}],"wp:attachment":[{"href":"https:\/\/atsymgmt.com\/zh\/wp-json\/wp\/v2\/media?parent=571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/atsymgmt.com\/zh\/wp-json\/wp\/v2\/categories?post=571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/atsymgmt.com\/zh\/wp-json\/wp\/v2\/tags?post=571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}