Stamp Amendment Act 2016 Malaysia

Property and share sale and purchase agreements subject to ad valorem stamp duty it has been proposed ad valorem duty will be charged on any contract or agreement made in malaysia for the sale of any estate equitable estate or interest in any property including stock.

Stamp amendment act 2016 malaysia. The bill proposes significant amendments to the current stamp act 1949. 01 of 2016 act to further amend the indian stamp act 1899 in its applications to the state of uttarakhand. 1 this act may be called the. 1 this act may be cited as the stamp act 1949.

Peninsular malaysia 5 december 1949. 2 this act comes into operation on a date to be appointed by the minister by notification in the gazette. It is hereby in acted by the uttarakhand legislative assembly in the sixty sixth year of the republic of india as follow short title extent and commencement amendment of section 2 2. Taxavvy stamp act amendment bill careers career opportunities experienced hires internships graduates and non graduates work life pwc malaysia today s issues budget 2020 catching the fintech wave food supply and integrity services indirect tax sustainability and climate change trust our perspective blog pwc insights new world.

13 of 2014 to vary stamp duty charged on certain instruments under the act. 26 april 2017. Sabah and sarawak 1 october 1989 p u. Matia kasaija mp minister of finance planning and economic development.

Our client alert dated 5 january 2017 see here discusses the significant amendments to the stamp act 1949 stamp act proposed by the stamp amendment bill 2016 stamp bill. Short title and commencement 1. Enacted by the parliament of malaysia as follows. The stamp amendment bill 2016 the bill was tabled for first reading in the dewan rakyat lower house of parliament on 23 november 2016.

Amendment of section 2 2. 1 this act may be cited as the stamp amendment act 2016. An act to amend the stamp act 1949. Key highlights of the stamp amendment bill 2016.

2 this act shall apply throughout malaysia. 5 stamp duty amendment bill 2016 the stamp duty amendment bill 2016 memorandum the object of this bill is to amend schedule 2 to the stamp duty act 2014 act no. The bill for the stamp amendment act 2016 amendment act tabled before parliament late last year 1 seeks to introduce substantial changes to the stamp act 1949 2 when passed by parliament the date of the coming into operation of the amendment act will be appointed by the minister by notification in the gazette 3 the bill. Coming into operation of the stamp amendment act the amendment act.

Briefly the enactment of the stamp bill would have resulted in amongst others the following changes. The stamp act 1949 act 378. Laws of malaysia act 378 stamp act 1949 an act relating to stamp duties.