If you are a tenant or landlord in Malaysia, you may be familiar with the requirement to pay stamp duty on tenancy agreements. The stamp duty is a fee that is imposed by the government as a way to legalize the agreement between the tenant and the landlord. The amount of stamp duty you will pay on your tenancy agreement will depend on various factors, including the rental amount, the length of the tenancy, and the type of property.
To calculate the stamp duty payable on your tenancy agreement, you can use the LHDN Tenancy Agreement Stamp Duty Calculator. LHDN, or the Inland Revenue Board of Malaysia, is responsible for collecting the stamp duty on behalf of the government.
Using the LHDN Stamp Duty Calculator is easy and straightforward. Here`s how to use it:
1. Go to the LHDN website and find the “Stamp Duty” section.
2. Look for the “Tenancy Agreement” option and click on it.
3. You will see a form asking for information on your tenancy agreement. You will need to provide details such as the rental amount, the lease period, and the type of property.
4. Once you have filled in all the necessary information, click on the “Calculate” button.
5. The calculator will give you the total amount of stamp duty payable for your tenancy agreement.
It is important to note that the LHDN Tenancy Agreement Stamp Duty Calculator only provides an estimate. The actual amount of stamp duty payable may differ depending on various factors. Therefore, it is always advisable to consult with a legal expert or accountant to ensure that you are complying with the law and paying the correct amount of stamp duty.
In conclusion, paying stamp duty on your tenancy agreement is a legal requirement in Malaysia. The LHDN Tenancy Agreement Stamp Duty Calculator is a helpful tool that can save you time and effort in calculating the stamp duty payable. However, it is always wise to seek professional advice to ensure that you are complying with the law and protecting your interests as a tenant or landlord.
