Stamp duty exemption for instruments executed by a contractor or developer, i.e. a contractor or developer who has been commissioned or authorized by the Minister of Housing and Municipal Government to carry out renovations to an abandoned project. The instruments are loan agreements approved by the approved beneficiary and transmission instruments to transfer revitalized residential real estate related to the abandoned project. This applies to instruments implemented by emergency services or promoters on January 1, 2013 or after January 1, 2013 and no later than December 31, 2020, until December 31, 2025. The payment of stamp duty can be made by the following method. Stamp duty exemption for lending or financing agreements implemented from 27 February 2020 to 31 December 2020 for the financing mechanism for small and medium-sized enterprises (SMEs) approved by Negara Bank Malaysia, namely the aid mechanism for aid organisations, the mechanism for all economic sectors, the mechanism for automation and digitisation of SMEs, the agro-financial mechanism and the micro-enterprise scheme. Stamp duty on foreign currency credit contracts is generally capped at RM 2,000. There are two types of stamp duty, ad valorem Duty and Fixed Duty. For value tax, the amount payable varies depending on the nature and value of the instruments. The two stamp duty exemptions mentioned above apply only: if: the exemption from stamp duty on the transfer and loan authorisation instrument for the acquisition of a dwelling worth 300,001 to 2,500.500.01 RM by Malaysian citizens under the Home Ownership Campaign 2020/2021: an instrument not stamped or insufficiently stamped is not considered evidence in court and is also not authorised by a public official. 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. Tariff rates vary depending on the nature of the instruments and the values implemented.
Exemption of stamp duty on all instruments of an asset-agreement – Asset Lease Agreement implemented between the client and the financier between the client and the financier, as well as the Syariah law for the renewal of an Islamic revolving financing facility, provided that the instrument of the existing facility is duly stamped. Gem der Stamp Duty (Exemption) (No. 3) Order 2020, any loan contract to finance the acquisition of a residential property worth more than RM 300,000, but no more than RM2,500,000 under the 2020/2021 Housing Campaign (“HOC”), executed between an individual and a licensed lender, is exempt from stamp tax. Stamp duty assessment and payment can be made electronically through the domestic income assessment and payment stamps (STAMPS) system. (a) non-governmental contract (i.e. between private companies and service providers) Stamp duty (exempt) (No. 4) Regulation 2020 provides that any transmission instrument for the acquisition of a dwelling worth more than RM 300,000, but no more than RM2,500,000 under the HOC, is also exempt from the stamp tax for the first RM1; 000,000 or less of the value of the residential property and the stamp duty of RM3.00 are levied for each RM100 of the balance of the value of the residential property greater than 1,000,000 RM. Stamp duty on all instruments of an asset lease between a client and a financier between a client and a financier, which are carried out in accordance with Syariah`s principles for the rescheduling or restructuring of an existing Islamic financing facility, is paid up to the amount of tax payable on the balance of the existing Islamic financing facility, provided that the instrument of the existing Islamic financing facility has been duly labelled.
RM3 for each RM1,000 or a fraction of it depending on the counterparty or value, depending on the highest value.