Malaysia

Foreign tax relief

A tax resident is entitled to claim foreign tax credits against Malaysian tax. Where a treaty exists, the credit available is the whole of the foreign tax paid or the Malaysian tax levied, whichever is lower. In the absence of a tax treaty, the credit available is restricted to half of the foreign tax paid.

Tax treaties

Below is the list of countries with which Malaysia has a DTT:

Notes

1. Restricted to taxation of air and sea transport operations in international traffic.
2. Pending entry into force
3. Malaysia also has an Air Transport Agreement with Saudi Arabia.