Malaysia Gazettes Order Introducing New Rules for Taxing Dividend Income

The Malaysian Official Gazette May 7 published Order No. P.U. (A) 148/2025, introducing the Income Tax (Determination of Chargeable Income of an Individual in Respect of Dividend) Rules, effective for 2025 and subsequent years. The order includes measures: 1) providing a calculation method for taxable income of residents and nonresidents using a specific formula if they earn more than 100,000 Malaysian ringgit (US$23,359) from dividends and other sources; 2) clarifying that in the case of a combined assessment, the aggregate income includes earnings from both the husband and wife; and 3) defining the terms “dividend” and “individual.” [Malaysia, Official Gazette, ...