Malaysia Tax Calculator
Top income tax rate: 30% • Corporate: 24% • VAT: 8%
Income Tax Calculator
Total Tax
RM 9K
Take-Home Pay
RM 91K
Effective Rate
9.4%
Marginal Rate
19%
Bracket Breakdown
| Bracket | Rate | Taxable | Tax |
|---|---|---|---|
| RM 0 – RM 5K | 0% | RM 5K | RM 0 |
| RM 5K – RM 20K | 1% | RM 15K | RM 150 |
| RM 20K – RM 35K | 3% | RM 15K | RM 450 |
| RM 35K – RM 50K | 6% | RM 15K | RM 900 |
| RM 50K – RM 70K | 11% | RM 20K | RM 2K |
| RM 70K – RM 100K | 19% | RM 30K | RM 6K |
This calculator provides estimates based on Malaysia's standard income tax brackets. Actual tax liability may vary based on deductions, credits, filing status, and other factors. Consult a tax professional for advice.
Crypto Tax Calculator
Capital Gain/Loss
RM 15K
Tax Rate
10%
short-term
Tax Owed
RM 2K
Net Profit
RM 14K
Tax Treatment in Malaysia
Malaysia does not impose a specific cryptocurrency tax. The Inland Revenue Board has clarified that cryptocurrency is not legal tender and that profits from crypto trading by individuals are generally not subject to income tax as they are capital gains (which were historically not taxed). However, individuals actively trading crypto as a business may be subject to income tax on profits. Companies including crypto gains in assessable income would pay the standard 24% rate.
This calculator provides estimates for Malaysia. Actual crypto tax may vary depending on your specific circumstances, additional income, and applicable exemptions. Consult a tax professional.