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. An unstamped or insufficiently stamped instrument is not admissible as evidence before the courts, nor is it used by a public servant. If the instrument is not buffered within the time limit, a penalty is imposed. 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 the automation and digitisation of SMEs , the agri-financial mechanism and the micro-enterprise scheme. 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 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. 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. 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.
Stamp duty assessment and payment can be made electronically through the domestic income assessment and payment stamps (STAMPS) system. Up to 300,000 (Transfer and Loan Agreement) (Note 1) RM3 for each RM1,000 or a fraction of it depending on the consideration or value, depending on the most important value.