Malaysia Direct Tax Revenue Collections for 2009

651

irb_tax_revenue_2009

Company taxpayers are still the biggest contributor to the government’s revenue of RM40.27 billion, representing 45.55% of the total revenue collection. Followed by petroleum income tax and individual income tax which contribute to 30.80% and 17.62% respectively. 

Due to the economic recession, the performance of collection for most direct tax components declined except for petroleum, individual and co-operative taxes. The petroleum tax collection increased by 12.57% compared to the year 2008. The increase is due to the fact that petroleum companies were still assessed on the previous year basis and the price of fuel was at its highest in 2008.

(Source: THE INLAND REVENUE BOARD OF MALAYSIA – ANNUAL REPORT 2009)