What tax rates do Singapore and Malaysia charge companies in 2025?

Singapore uses a 17% base rate with 50% discount for YA 2025 (maximum SGD 40,000). Malaysia uses a 24% base rate, but small companies pay 15% on their first MYR 150,000 and 17% from MYR 450,000 - MYR 600,000. Singapore costs less for big companies, Malaysia saves money for small firms.

How will the new 15% worldwide tax minimum change things in both lands?

Both adopt the minimum in 2025, touching only company groups making over EUR 750 million yearly. Singapore shows clear plans now, while Malaysia readies a tax credit plan to lessen costs. Smaller firms need not worry about these rules in either country.

What should people know about income taxes when picking Singapore or Malaysia?

Singapore keeps rates low (0-24%) and adds a 60% cut for YA 2025, as Malaysia climbs steeply (1-30%) but offers many cost claims. People making USD 74,000+ pay approximately 5.8% in Singapore versus approximately 17.5% in Malaysia, making high earners better off in Singapore.

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