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Non Citizen Shareholder (Sdn Bhd) / Partner (LLP)

Updated: Mar 25, 2023

If your company (Sdn. Bhd. or LLP) has non-Citizen shareholder, you may need to watch out for this "new" (Budget 2023) changes.

Follow the Budget 2023, Finance Bill 2023 is now presented to Parlimen - First Reading. One item worth highlight here...

Not entitle for SME rate (i.e. 15% or 17%) if the company (Sdn Bhd, as well as LLP) has 20% shareholdings/interest by non citizen of Malaysia. i.e. will be taxed at 24%

For Sdn. Bhd. - 20% of the paid up capital

For LLP - 20% of the capital contribution

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