Malaysian Tax Revenue Statistics

Malaysia s tax revenue data is updated quarterly averaging 4 203 usd bn from mar 1980 to jun 2020 with 162 observations. Household income basic amenities survey report 2019. 2019 2020 malaysian tax booklet this publication is a quick reference guide outlining malaysian tax information which is based on taxation laws and current practices.

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Tax structure refers to the share of each tax in total tax revenues.

Malaysian tax revenue statistics. This records a decrease from the previous number of 9 194 usd bn for mar 2020. 3 17 44 3 184 14 10 124 tax structure in malaysia 20 17 taxes on goods. Total revenue is expected to be severely affected following the decline in business trade and tourism. The highest share of tax revenues in malaysia in 2018 was derived from corporate income tax 47 9.

In 2019 mean income in malaysia was rm7 901 while malaysia s median income recorded at rm5 873. Indirect tax revenue in malaysia from 2012 to 2018 in billion malaysian ringgit statista statista inc 31 dec 2019 https. Moreover mean income rose at 4 2 per cent in 2019. The data reached an all time high of 15 294 usd bn in dec 2012 and a record low of 857 019 usd mn in mar 1982.

Welcome to the fast link of the department of statistics malaysia official portal selamat datang ke pautan pintas portal rasmi jabatan perangkaan malaysia. Mycensus 2020 portal portal banci 2020. Department of statistics official portal portal rasmi jabatan perangkaan malaysia. Petroleum related revenue is forecast to decline by 40 3 to rm50 billion in 2020 compared with rm83 8 billion in 2019.

Malaysia s tax revenue was reported at 6 208 usd bn in jun 2020. The second highest share of tax revenues in 2018 was derived from personal income tax 18 0. Tax revenue of gdp malaysia international monetary fund government finance statistics yearbook and data files and world bank and oecd gdp estimates. Kuala lumpur nov 6 the federal government revenue is projected to decrease by 14 per cent to rm227 3 billion in 2020 from rm264 4 billion last year as a result of lower tax collection.

In terms of growth median income in malaysia grew by 3 9 per cent per year in 2019 as compared to 6 6 per cent in 2016. Chapter 3 table 3 15 tax revenues of subsectors of general government as of total tax revenue chapter 3 table 3 2 total tax revenue in us dollars at market exchange rate chapter 3 tables 3 7 to 3 14 taxes as of gdp and as of total tax revenue. Bernama pic kuala lumpur. This booklet also incorporates in coloured italics the 2020 malaysian budget proposals announced on 11 october 2019 and the finance bill 2019.

The federal government s revenue is projected.