Guides
Company Tax Rates in Malaysia: PMKS & Other Companies
Updated: 8 November 2026 Independently fact-checked.
# Company Tax Rates in Malaysia: PMKS & Other Companies
Companies with paid-up capital not exceeding RM2.5 million AND gross business income not exceeding RM50 million enjoy preferential rates. This article explains the rates for PMKS and other companies.
Updated: 8 November 2026 — Independently fact-checked.
- Review date: 8 November 2026
- Year of assessment: YA 2023–2024 (official HASiL tab) / YA 2025–2026 (target)
- Status: Published
PMKS rates (micro, small & medium enterprises)
Companies with paid-up capital not exceeding RM2.5 million AND gross business income not exceeding RM50 million enjoy preferential rates:
| Chargeable income | Rate |
|---|---|
| First RM150,000 | 15% |
| RM150,001 to RM600,000 | 17% |
| RM600,001 and above | 24% |
Source: HASiL — Company Tax Rates, YA 2023–2024 tab (see Official sources section).
Other companies
Companies other than the above category are charged at 24%.
Source: HASiL — Company Tax Rates, YA 2023–2024 tab (see Official sources section).
PMKS eligibility conditions
Both conditions must be met at the same time:
- paid-up capital ≤ RM2.5 million; AND
- gross business income ≤ RM50 million.
If either condition fails, the full rate of 24% applies. Practical eligibility details for new companies (capital at the start of the basis period) on this matter still await official HASiL confirmation — re-check with HASiL before making decisions.
Rate history (context)
- YA 2020–2022: first RM600,000 at 17%, balance at 24%.
- YA 2019: first RM500,000 at 17%, balance at 24%.
- YA 2017–2018: 18%.
- YA 2016: 19%.
Source: HASiL — Company Tax Rates, history tab (see Official sources section).
Warning: current YA tab status
At the review of 2026-11-08, the HASiL page displayed tabs only up to YA 2023–2024; there is no YA 2025/2026 tab. There are no rate amendments in the Dewan Rakyat bill list as of the review (no Finance Bill 2026), but verify the YA 2026 tab before publishing.
Rates applicable to YA 2025 and YA 2026 on this matter still await official HASiL confirmation — re-check with HASiL before making decisions.
Difference from other rates
- Do not mix company rates with individual rates (separate guide) or cooperative rates (separate Schedule).
- Filing link: companies file through Form C within 7 months after the accounting year-end date (see the Form C guide).
Official sources
All sources below were reviewed on 8 November 2026. Official HASiL pages and documents: