The Malaysian Intellectual Property Office will increase the tax rate to 8% starting from March 1, 2024

MyIPO tax rate will increase to 8% starting from March 1, 2024

Starting from March 1, 2024, Malaysia will implement a new tax rate standard in accordance with the relevant provisions of the Service Tax Law 2018. The new tax rate will be increased from the previous 6% to 8% and will be applicable on or after March 1, 2024. All taxable services produced.