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Insight

Stamp Duty

  • Stamp Duty exemption for insurance and takaful with premiums less than RM150 for individuals.

 

  • For insurance policies or takaful certificates issued from 1 January 2022 to 31 December 2025.

 

  • Beginning January 2022, the rate of stamp duty on contract notes will be increased to 0.15% and the stamp duty limit of RM200 for each related contract note is abolished.

 

  • Extension of 100% stamp duty exemption on restructuring or rescheduling of loan/financing agreement executed from 1 January 2022 to 31 December 2022.

 

  • One year extension of stamp duty exemption for instruments related to merger and acquisition approved by the Ministry of Entrepreneur Development and Cooperatives.
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Author(s)

Mohd Faried Jamil
Executive Director,

Tax


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