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Extension of Stamp Duty Exemption on Restructuring or Rescheduling of Loan/Financing Agreement

Updated: Oct 12, 2022

To Download Budget 2023 Speech and some other related publications -

Current Position

On the restructuring or rescheduling of a loan or financing arrangement between borrowers and financial institutions that is executed from January 1, 2022 to December 31, 2022, a full exemption from stamp duty is granted, provided that the following conditions are met:

  1. the original loan/financing agreement has been duly stamped; and

  2. restructuring or rescheduling of the loan/financing agreement does not have the element of additional value to the original amount of loan/ financing.


It has been suggested that the full stamp duty exemption on restructuring or rescheduling of the loan or financing arrangement be extended for a period of 2 years.

This would help to lower the cost of borrowing and would improve the cash flow of borrowers.

Effective Date

For restructuring or rescheduling of loan/financing agreement executed from 1 January 2023 until 31 December 2024.

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