1. What Is Stamp Duty In Malaysia?

Stamp Duty is a tax levied on legal documents, especially those related to property transfers and certain agreements in Malaysia. It is governed by the Stamp Act 1949 and is payable to the Inland Revenue Board of Malaysia (LHDN).

2. How Does The Calculator Work?

The calculator uses the Stamp Duty formula:

Where:

• \( Value \) — Transaction value in Malaysian Ringgit (RM)
• \( MY Rate \) — Applicable stamp duty rate in percentage

Explanation: The calculation multiplies the transaction value by the applicable stamp duty rate to determine the amount payable.

3. Importance Of Stamp Duty Calculation

Details: Accurate stamp duty calculation is essential for property transactions, legal agreements, and financial planning to ensure compliance with Malaysian tax regulations.

4. Using The Calculator

Tips: Enter the transaction value in RM and the applicable stamp duty rate as a percentage. Both values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: What documents require stamp duty in Malaysia?
A: Common documents include property transfer agreements, tenancy agreements, loan agreements, and share transfer documents.

Q2: Are there different stamp duty rates in Malaysia?
A: Yes, stamp duty rates vary depending on the type of document and transaction value. Property transactions have progressive rates.

Q3: When is stamp duty payable?
A: Stamp duty must be paid within 30 days of executing the document in Malaysia, or 30 days after receiving the document if executed overseas.

Q4: Are there any stamp duty exemptions?
A: Yes, certain transactions may qualify for exemptions or reliefs, such as first-time home buyers for properties below a certain value.

Q5: Where can I get official stamp duty information?
A: The Inland Revenue Board of Malaysia (LHDN) website provides the most current information on stamp duty rates and regulations.