WorldTax Compareโ† All Comparisons

Malaysia vs Trinidad and Tobago
Tax Rate Comparison

Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.

๐Ÿ‡ฒ๐Ÿ‡พ Malaysia
vs
๐Ÿ‡น๐Ÿ‡น Trinidad and Tobago
Tax Year:

๐Ÿ’ฐ Personal Income Tax Calculator

Enter your income to see your estimated annual tax liability in each country โ€” side by side.

Enter your annual income above to see your personal tax comparison โ†’
Individual Income Tax (Top Marginal Rate)
Top Income Tax Rate
0โ€“30%
30% top rate; Pillar Two compliance measures
No change
25โ€“30%
30% top; energy transition planning
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
10%
Service tax 8% maintained; GST return unlikely
No change
12.5%
12.5% maintained
No change
Corporate Tax Rate
Corporate Tax Rate
24%
24% stable; potential reduction discussed for competitiveness
No change
25โ€“35%
CIT stable; LNG sector key
No change
Capital Gains Tax
Capital Gains Tax
10โ€“30%
CGT on unlisted shares fully embedded in system
No change
0%
No CGT
No change
Social Security & Payroll
Social Security / Payroll
~23%
EPF reviewing contribution rates and fund adequacy
No change
~13.2%
NIS reform ongoing
No change
State, Regional & Local Taxes

๐Ÿ‡ฒ๐Ÿ‡พ Malaysia โ€” State & Local Authority Taxes

Malaysia's 13 states and 3 federal territories have limited independent taxing powers. States levy quit rent (cukai tanah) on land, assessment rates (cukai pintu/taksiran) on property through local councils, and royalties on natural resources. Petroleum royalties are a major state revenue in Sabah, Sarawak, and Terengganu. Local councils (majlis perbandaran) levy property assessment at 6%โ€“12% of estimated annual rental value. No state income taxes exist โ€” this is federal.

๐Ÿ‡น๐Ÿ‡น Trinidad and Tobago โ€” Municipal & Regional Corporations

Trinidad and Tobago's 14 regional/municipal corporations (including Port of Spain City Corporation) levy property taxes and business licence fees. T&T is a significant energy producer in the Caribbean โ€” natural gas and oil revenues are major fiscal pillars. The country uses a Business Levy (0.6% of gross sales as minimum tax) and a Green Fund Levy (0.3%). T&T has the highest per-capita income in the Caribbean and a well-developed financial services sector.

โš ๏ธ Disclaimer: Rates shown are standard top/headline rates for informational purposes. Actual tax liability depends on income level, residency, deductions, and tax treaties. 2025โ€“2026 data reflects announced or enacted rates and may be subject to change. Not financial or legal advice.

Malaysia vs Trinidad and Tobago: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: Malaysia and Trinidad and Tobago have similar top income tax rates (0โ€“30% vs 25โ€“30%).

๐Ÿ›’ VAT/Sales Tax: Trinidad and Tobago has a higher consumption tax (10% vs 12.5%).

๐Ÿข Corporate Tax: ๐Ÿ‡ฒ๐Ÿ‡พ Malaysia offers a lower corporate rate (24% vs 35%), which can influence business location decisions.

๐Ÿ“ˆ Capital Gains: ๐Ÿ‡น๐Ÿ‡น Trinidad and Tobago taxes investment gains at a lower rate (0% vs 30%), benefiting investors.

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