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Malaysia vs Singapore: tax rates compared
Malaysia's income tax rate is 6pp higher than Singapore's (30% vs 24%). The 200-country average is 28%: Malaysia sits above it, Singapore sits below it.
Verified data covers five of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | MY | SG | Difference |
|---|---|---|---|
| Income Tax | 30% | 24% | MY +6 pp |
| Corporate Tax | 24% | 17% | MY +7 pplargest gap |
| Capital Gains Tax | 0% | 0% | match |
| Crypto Tax | 0% | 0% | match |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Malaysia | 30% | Source: PWC Worldwide Tax Summaries — Malaysia (Individual, Taxes on personal income) · as of 2026-06-16 |
| Singapore | 24% | Source: Inland Revenue Authority of Singapore (IRAS) — Individual Income Tax rates · as of 2026-04-27 |
| Difference | +6 pp | Malaysia higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Malaysia | 24% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Singapore | 17% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +7 pp | Malaysia higher |
Malaysia's corporate tax rate is 7pp higher than Singapore's (24% vs 17%). The 201-country average is 22.6%: Malaysia sits above it, Singapore sits below it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Malaysia | 0% | Source: PwC Worldwide Tax Summaries — Malaysia (Individual, Income determination) · as of 2026-06-16 |
| Singapore | 0% | Source: PWC Worldwide Tax Summaries — Singapore (Individual, Other taxes) · as of 2026-07-02 |
| Difference | 0 pp | displayed rates match |
Malaysia's capital gains tax rate is identical to Singapore's — both sit at 0%. The 175-country average is 10.3%: both sit below it.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Malaysia | 0% | Source: Inland Revenue Board of Malaysia (LHDN) — Guidelines on Tax Treatment on Digital Currency Transaction (2nd Edition) · as of 2025-12-05 |
| Singapore | 0% | Source: IRAS e-Tax Guide — Income Tax Treatment of Digital Tokens · as of 2026-01-30 |
| Difference | 0 pp | displayed rates match |
Malaysia's crypto tax rate is identical to Singapore's — both sit at 0%. The 88-country average is 13%: both sit below it. Malaysia's figure is dated 2025-12-05 and Singapore's 2026-01-30, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Malaysia | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2026-06-16 |
| Singapore | 0% | Source: PWC Worldwide Tax Summaries — Singapore (Individual, Other taxes) · as of 2026-07-02 |
| Difference | 0 pp | displayed rates match |
Malaysia's wealth tax rate is identical to Singapore's — both sit at 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: VAT.