TAX QUESTIONS? YOU ASK LAH!

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Q: Is the income of a deceased estate taxed at individual tax rates or any other tax rates?

A: It depends on whether the estate is domiciled or not domiciled in Malaysia. If it is domiciled in Malaysia, it will be taxed at the individual scale rates. However, if it is not domiciled in Malaysia, it will be taxed at the tax rate same as the corporate tax rate.