Malaysia VAT Calculator 2024
The Malaysia VAT Calculator is designed to allow free online calculations for goods, services and products which are subject to VAT (Value Added Tax) in Malaysia in 2024, if you would like to calculate VAT in Malaysia for a different tax year then please select the relevant year from the available VAT calculators. The calculator allows quick VAT calculations and more detailed VAT calculations with multiple items, product/service descriptions with a running total so you can see the VAT due on each product/service and the total VAT due in Malaysia in 2024. Once you have calculated the VAT due, you can print the document or email the VAT document to yourself for later reference.
Quick Malaysia VAT Calculation | | Product/Service Price |
| + | | VAT Due |
|
| = | | Total Price inc. VAT |
Malaysia VAT Table| Description | Price | Rate | VAT | Total | Delete |
|---|
|
| Total | Price | | VAT | Total |
|---|
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How to calculate VAT in Malaysia in 2024
You can calculate VAT in Malaysia by multiplying the product or service price by the appropriate VAT rate. We have included the VAT formula for Malaysia so that you can calculate the VAT manually or update your systems with the relevent VAT rates in Malaysia. The latest VAT rates in Malaysia for 2024 are displayed in the table below the VAT formula. For those who prefer to use the Malaysia VAT Calculator rather than calculate VAT manually, we have included a step-by-step guide to using the calculator for quick VAT calculations and more detailed VAT calculations which include multiple products and or services (see the guides under "How to use the Malaysia VAT Calculator").
VAT Tax Years available for Malaysia
We currently support the following tax years for VAT calculation in Malaysia, if you require additional tax years, please get in touch and we can add them to the list of available tax years.
Malaysia VAT formula
Value Added Tax in Malaysia is calculated using the following VAT formula:
VAT = a x (b / 100)
Where:
- a = The product/service that is subject to VAT in Malaysia.
- b = The relevenat rate of VAT in Malaysia associated with the product/service.
VAT Rates in Malaysia
The table below specifies the relevent VAT rates applicable in Malaysia, these were last updated in line with the published VAT rates in 2024.
Malaysia VAT Rates| VAT Rate | VAT Description |
|---|
| 5% | Reduced Rate |
| 6% | Standard Rate |
| 10% | Standard Rate |
How to use the Malaysia VAT Calculator
You can view the calculator inline or full screen. The inline view displays the calculator surrounded by the normal menus and links to other tools and supporting information. The full screen view removes or the unnecessary information so you can focus solely on using the Malaysia VAT Calculator. The following step-by-step guides to calculating VAT online with the Malaysia VAT Calculator covers all the functions within the VAT calculator:
How to complete a Quick VAT Calculation
- Select "Quick VAT Calculation".
- Enter the Product/Service Price.
- Enter the Appropriate VAT Rate.
- Press "Calculate VAT".
The Malaysia VAT Calculator will provide a table which specifies the product/service price, the product/service VAT amount due and the total cost of the product or service in Malaysia. You can print/email this table as required.
How to complete a Detailed VAT Calculation
- Select "Detailed VAT Calculation".
- [Optional] enter the name of the product or service for which you wish to calculate VAT.
- Enter the number of units being sold (3 bags, 5 pallets of goods, 2 new cars, 1 annual tax return etc.).
- Enter the price of the product / service detailed in step 3.
- Select the relevent VAT rate that applies to your goods, product or service in Malaysia
- Click "Add to VAT Table"
Malaysia VAT Calculator will add your product/service to the Malaysia VAT Table. You can then add more product and/or services as required. Each time you add new information, the total amount will be updated so you can see the total costs of goods, products and services in Malaysia inclusive and exclusive or VAT.
If you make a mistake or simply want to remove an entry from the Malaysia VAT Table, click on the "Del" button adjacent the line entry that you wish to remove. When items are removed from the VAT table, the calculator will automatically update the associated figures and recalculate VAT, total cost of goods etc.
Please note that the Malaysia VAT Calculator is designed to allow you to toggle between quick and Detailed calculations without losing any data that you add to the Detailed VAT Table. This is useful if you need to check the individual VAT amount on one unit (a single product or service) before adding it to the list of items in the VAT table.