Malaysia or Thailand: which taxes less?

Both tax systems side by side, headline rates and the gap between them.

Level pegging: Malaysia and Thailand weigh about the same on the taxpayer.

Tax Malaysia Thailand Gap
Corporate income tax headline rate 24% 20% +4.0 points
Personal income tax top bracket 0% to 30% 0% to 35% −5.0 points
VAT standard rate 10% 7% +3.0 points

Detailed schedules

Corporate income tax

Malaysia

n/a

Thailand

General regime 20%
SMEs: profit up to THB 300,000 capital ≤ THB 5M, turnover ≤ THB 30M 0%
SMEs: THB 300,001 to 3,000,000 15%
Multinational groups revenue above €750M, since 2025 15%
See the Malaysia page See the Thailand page