Tenancy agreements are essential documents that outline the terms and conditions of a rental agreement between a landlord and a tenant. In Malaysia, it is a legal requirement for tenancy agreements to be stamped by the Inland Revenue Board of Malaysia (IRBM). This process is known as Tenancy Agreement Stamp Duty, and it is calculated based on the rental amount and the duration of the tenancy agreement. In this article, we will discuss the Tenancy Agreement Stamp Duty Calculator in Malaysia.

What is Tenancy Agreement Stamp Duty Calculator?

Tenancy Agreement Stamp Duty Calculator is an online tool that calculates the stamp duty payable for a tenancy agreement in Malaysia. This tool is essential for landlords and tenants who want to determine the stamp duty payable before registering their tenancy agreements with the IRBM. The calculator is easy to use and provides quick results, making it an essential tool for all parties involved in a rental agreement.

How to use Tenancy Agreement Stamp Duty Calculator?

Using the Tenancy Agreement Stamp Duty Calculator is easy and straightforward. Follow the steps below to calculate your stamp duty payable:

Step 1: Go to the Tenancy Agreement Stamp Duty Calculator website.

Step 2: Enter the rental amount and the duration of the tenancy agreement.

Step 3: Click on the “Calculate” button.

Step 4: The calculator will display the stamp duty payable based on the information you entered.

It is important to note that the stamp duty payable varies based on the rental amount and the duration of the tenancy agreement. The stamp duty rate for tenancy agreements in Malaysia is as follows:

– Rental amount less than RM2,500: RM1 for every RM100 of annual rental

– Rental amount between RM2,500 and RM5,000: RM2 for every RM100 of annual rental

– Rental amount above RM5,000: RM3 for every RM100 of annual rental

Benefits of using Tenancy Agreement Stamp Duty Calculator

Using the Tenancy Agreement Stamp Duty Calculator has several benefits for landlords and tenants, as outlined below:

1. Saves time: The calculator provides quick results, allowing landlords and tenants to calculate their stamp duty payable in a matter of seconds.

2. Accurate results: The calculator ensures that the stamp duty payable is accurate, reducing the risk of errors and penalties.

3. Cost-effective: The Tenancy Agreement Stamp Duty Calculator is a free online tool, making it cost-effective for landlords and tenants.

4. Easy to use: The calculator is user-friendly, making it easy for landlords and tenants to use, even if they have no prior experience with stamp duty calculations.

Conclusion

Tenancy Agreement Stamp Duty is a legal requirement in Malaysia, and failure to pay stamp duty can result in penalties. The Tenancy Agreement Stamp Duty Calculator is an essential tool that provides quick and accurate results, saving landlords and tenants time and money. By using the calculator, landlords and tenants can ensure that they pay the correct stamp duty amount and avoid any penalties or legal issues.