JM · AmericasMY · Asia
Jamaica vs Malaysia: tax rates compared
Jamaica's income tax rate is identical to Malaysia's — both sit at 30%. The 200-country average is 28%: both sit above it. Jamaica's figure is dated 2025-12-31 and Malaysia's 2026-06-16, so the two rates come from different data vintages.
Verified data covers four of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | JM | MY | Difference |
|---|---|---|---|
| Income Tax | 30% | 30% | match |
| Corporate Tax | 25% | 24% | JM +1 pplargest gap |
| Capital Gains Tax | 0% | 0% | match |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Jamaica | 30% | Source: PWC Worldwide Tax Summaries — Jamaica (Individual, Taxes on personal income) · as of 2025-12-31 |
| Malaysia | 30% | Source: PWC Worldwide Tax Summaries — Malaysia (Individual, Taxes on personal income) · as of 2026-06-16 |
| Difference | 0 pp | displayed rates match |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Jamaica | 25% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Malaysia | 24% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +1 pp | Jamaica higher |
Jamaica's corporate tax rate is 1pp higher than Malaysia's (25% vs 24%). The 201-country average is 22.6%: both sit above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Jamaica | 0% | Source: PWC Worldwide Tax Summaries — Jamaica (Individual, Income determination) · as of 2025-12-31 |
| Malaysia | 0% | Source: PwC Worldwide Tax Summaries — Malaysia (Individual, Income determination) · as of 2026-06-16 |
| Difference | 0 pp | displayed rates match |
Jamaica's capital gains tax rate is identical to Malaysia's — both sit at 0%. The 175-country average is 10.3%: both sit below it. Jamaica's figure is dated 2025-12-31 and Malaysia's 2026-06-16, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Jamaica | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2025-12-31 |
| Malaysia | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2026-06-16 |
| Difference | 0 pp | displayed rates match |
Jamaica's wealth tax rate is identical to Malaysia's — both sit at 0%. The 193-country average is 0.1%: both sit below it. Jamaica's figure is dated 2025-12-31 and Malaysia's 2026-06-16, so the two rates come from different data vintages.
Not covered for both countries yet: VAT, Crypto Tax.