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Stamp Duty (Remission) (No. 3) Order 2023

In accordance with the power vested by subsection 80(2) of the Stamp Act 1949 [Act 378], the Minister has issued Stamp Duty (Remission) (No. 3) Order 2023 [P.U (A) 208/2023].

Under this Order, the Minister hereby grants remission for stamp duty, as specified in sub-subitem 31(a) of the First Schedule to the Act, in excess of 0.1% of the stamp duty payable on all instruments of contract notes about the sale of shares or stock listed on a stock market of a stock exchange approved under subsection 8(2) of the Capital Markets and Services Act 2007 [Act 671].

Additionally, the Minister remits the stamp duty payable after the remission as per subparagraph 2(1) if it exceeds one thousand ringgit.

This remission, as outlined in this Order, shall apply exclusively to instruments of contract notes executed on or after July 13, 2023, but not later than July 12, 2028.

As a result, the Stamp Duty (Remission) Order 2022 [P.U. (A) 112/2022] is hereby revoked.

221.1 [P.U (A) 208_2023] Stamp Duty (Remission) (No. 3) Order 2023
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