(a) non-governmental contract (i.e. between private companies and service providers) exemption from stamp duty on instruments implemented by a contractor or developer, i.e. a contractor or developer who has been charged or authorized by the Minister of Housing and Local Government for the renovation of 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. Ringgit Malaysia loan contracts are generally taxed with a stamp duty of 0.5%. 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 (Note 1) 300,001 – 500,000 – On the first 300,000 – 300,001 to 500,000 (Transfer and loan instrument) (Note 1) Stamp tax of 0.5% on the value of services / loans. However, stamp duty can be paid at more than 0.1% for the following instruments: b) government contract (i.e.: exemption from stamp duty on the transfer instrument and loan agreement for the purchase of homes worth 300,001 to RM2.500,000 by Malaysian citizens under the Home Ownership Campaign 20 20/2021: Total exemption from stamp duty 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 rental-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 subject to the implementation of the following agreements between 1 January 2020 and 31 December 2022, namely.dem purchase and sale contract between FI and the RTO agreement between FI and the Malaysian citizen. Stamp duty on foreign currency credit contracts is generally capped at RM 2,000. 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. 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. 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. . Note 1 Purchase of a first residence by a Malaysian citizen Instruments exported to Malaysia and taxed must be stamped within 30 days of the date of execution.
If the instruments are performed outside Malaysia, they must be stamped within 30 days of their first reception in Malaysia. Examples of reliefs, remissions or reliefs exempt from stamp duty are: – listed on the stock market of an admitted stock exchange; or stamp duty on all instruments of an asset lease between a client and a financier between a client and a financier, which are provided 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 relating to the existing Islamic instrument