Stamp duty is levied on instruments and not on transactions. If a transaction can be carried out without the creation of a transmission instrument, no tax is due. RM3 for each RM1,000 or a fraction of it depending on the counterparty or value, depending on the highest value. The Stamp Board generally applies one of three methods of assessing common shares for stamp duty purposes: examples of exemptions, remissions or tax breaks are: stamp duty exemption for loans or financing agreements implemented from 27 February 2020 to 31 December 2020 for the financing facility for small and medium-sized enterprises (SMEs) approved by Negara Bank Malaysia. , i.e. the aid scheme for humanitarian organisations, the mechanism for all sectors of activity, the mechanism for the automation of SMEs and digitisation, the agri-food system and micro-enterprises. The penalty for delayed stamps varies depending on the delay period. The maximum fine is RM100 or 20% of the duty obligation, depending on the highest amount. An unstamped or insufficiently stamped instrument is not admissible as evidence before the courts, nor is it used by a public servant. Instruments exported to Malaysia and subject to customs duties must be stamped within 30 days of the execution date. If the instruments are performed outside Malaysia, they must be stamped within 30 days of their first reception in Malaysia. Exemption of stamp duty on all instruments related to the acquisition of real estate by a financier for rental purposes in accordance with the principles of Syariah or an instrument by which the financier assumes the contractual obligations of a client in the context of a main sale and sale contract.
Up to 300,000 (instrument of the transfer and loan contract) (Note 1) Exemption of stamp duty on all instruments of an agreement of disposal of assets and assets between the client and the financier between the law syariah for the renewal of an Islamic revolving financing facility, provided that the instrument of the existing facility is duly stamped. Total stamp duty exemption for the transmission instrument in connection with the acquisition by a Malaysian citizen of the first residential property worth no more than RM 500,000 under the National Housing Department`s rent-to-own (RTO) system. The exemption is made in two stages of the transfer, i.e. from the real estate developer (PD) to a qualified financial institution (FI) and from the IF to the Malaysian citizen. The exemption is conditional on the implementation of the following agreements during the period from January 1, 2020 to December 31, 2022, namely: