KUALA LUMPUR, Oct 12 (Bernama) -- Stamp duty remission exceeding RM10 has been proposed for second-tier agreements between mid-tier companies (MTCs) and financial institutions involving excess credit facilities extended to micro, small and medium enterprises (MSMEs), for the period from Jan 1, 2027 to Dec 31, 2030.
Business : Budget 2027: Stamp Duty Remission For Mid-tier Companies' Financing Proposed
Budget 2027, Ministry of Finance, stamp duty, MSME
Key points
- Currently, loan or financing agreements are subject to ad valorem stamp duty at a rate of 0.5 per cent.
- Stamp duty exemption is also granted on principal factoring or invoice financing agreements executed by MSMEs with factoring companies registered with MoF and Malaysia Factoring Association members.
- Both agreements must be executed between the MTC and a financial institution and are subject to ad valorem stamp duty at a rate of 0.5 per cent.
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