Taxes on goods and services in Malaysia
Malaysia: Taxes on goods and services was 22.6% in 2024. ▼ Falling
Taxes on goods and services in Malaysia, 1996–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
Malaysia recorded 22.6% for taxes on goods and services in 2024.
That represents a change of up 14.1% on the previous year and up 51.4% over ten years.
Over the whole period, taxes on goods and services in Malaysia peaked at 29.0% in 2016 and was at its lowest, 14.5%, in 2013.
That places Malaysia 121st out of 156 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 29 years of available data.
Taxes on goods and services in Malaysia, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1996 | 27.0% | — |
| 1997 | 26.7% | -1.4% |
| 1998 | 22.4% | -16.0% |
| 1999 | 24.6% | +9.9% |
| 2000 | 24.8% | +0.9% |
| 2001 | 22.4% | -9.6% |
| 2002 | 21.6% | -3.7% |
| 2003 | 18.1% | -16.0% |
| 2004 | 18.0% | -0.9% |
| 2005 | 20.3% | +12.9% |
| 2006 | 16.2% | -20.2% |
| 2007 | 15.0% | -7.2% |
| 2008 | 15.9% | +5.5% |
| 2009 | 15.7% | -1.2% |
| 2010 | 16.7% | +6.8% |
| 2011 | 15.4% | -8.1% |
| 2012 | 14.6% | -4.8% |
| 2013 | 14.5% | -0.9% |
| 2014 | 14.9% | +2.7% |
| 2015 | 22.8% | +52.7% |
| 2016 | 29.0% | +27.2% |
| 2017 | 28.7% | -1.1% |
| 2018 | 19.5% | -32.1% |
| 2019 | 18.2% | -6.4% |
| 2020 | 19.7% | +8.0% |
| 2021 | 19.3% | -1.7% |
| 2022 | 19.5% | +1.0% |
| 2023 | 19.8% | +1.3% |
| 2024 | 22.6% | +14.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 25.2% | 22.4% | 27.0% | 4 |
| 2000s | 18.8% | 15.0% | 24.8% | 10 |
| 2010s | 19.4% | 14.5% | 29.0% | 10 |
| 2020s | 20.2% | 19.3% | 22.6% | 5 |
Countries ranked near Malaysia
More public sector data for Malaysia
- Arms imports 7.00 million SIPRI trend indicator values (2023)
- Arms imports (SIPRI trend indicator values), per capita 0.1993 SIPRI trend indicator values per person (2023)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0 SIPRI trend indicator values per US$ of GDP (2023)
- Arms imports (SIPRI trend indicator values), annual growth rate -90.14 % change on previous year (2023)
- Arms imports (SIPRI trend indicator values), gaps filled 7.00 million SIPRI trend indicator values (2023)
- Military expenditure (current USD), per capita 121.29 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0102 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 9.87 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 4.31 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 21.31 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is taxes on goods and services in Malaysia?
- Taxes on goods and services in Malaysia was 22.6% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in Malaysia?
- The highest recorded value was 29.0% in 2016.
- What is the lowest taxes on goods and services recorded in Malaysia?
- The lowest recorded value was 14.5% in 2013.
- How does Malaysia rank for taxes on goods and services?
- Malaysia ranks 121st out of 156 countries with data for 2024.
- Is taxes on goods and services rising or falling in Malaysia?
- Over the last ten years it is up 51.4%. The long-run trend across the full record is falling.
- Where does this Malaysia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Taxes on goods and services (% of revenue). Statizoid updates them automatically from the source API.
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About this data
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.