The Unexpected Shift: From Fully Exempt Dividends to a 2% Tax in Malaysia MADANI Budget 2025
The 2% tax on dividend income exceeding RM100,000 annually, introduced in Budget 2025 on 18 October 2024, has come as a surprise to many investors. For years, dividends in Malaysia were completely exempt from personal tax, allowing shareholders to receive their full dividend payments without paying any additional tax. …