Stamp duty on contract notes for trading in shares to be capped at RM1,000
KUALA LUMPUR: Bursa Malaysia Bhd has lauded the Ministry of Finance's (MoF) decision with regards to the remittance of stamp duty on contract notes for the trading of listed shares on Bursa Malaysia, which will be capped at RM1,000.
The exchange operator said MoF recently announced that the stamp duty is set at RM1.50 for every RM1,000 or fractional part of RM1,000 of the value of the contract note of any shares or stock and that the stamp duty is to be capped at RM1,000.
The policy decision shall be valid from Jan 1, 2022 to Dec 31, 2026.
Bursa Malaysia chief executive officer Datuk Muhamad Umar Swift said the ministry’s agility in responding to market operating conditions is very much appreciated.
"This moderated approach to the changes on stamp duty exemplifies the government’s attentiveness to industry feedback, and in managing the delicate balance between tax collection and nurturing growth in our capital market,” he said.
Meanwhile, chairman Tan Sri Abdul Wahid Omar said as a market regulator, Bursa Malaysia is committed to continuously engage and collaborate with all market participants, towards creating an attractive, vibrant, and sustainable marketplace.
"The move by MoF maintains our market’s regional competitiveness and attractiveness. The exchange together with the MoF will continuously ensure that our marketplace remains an attractive destination for investors and issuers to invest and raise funds,” he said.
Bursa Malaysia added that participating organisations have been informed about the matter and investors are advised to consult their brokers if they have questions on the new stamp duty amendments. - Bernama
https://www.thestar.com.my/business/business-news/2021/12/30/stamp-duty-on-contract-notes-for-trading-in-shares-to-be-capped-at-rm1000
Singapore Investment
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Portfolio Summary for June 20252 days ago
-
-
Portfolio Update Q2 20252 days ago
-
-
-
Portfolio (June 30, 2025)2 days ago
-
Portfolio (June 30, 2025)2 days ago
-
-
Portfolio Update June 20252 days ago
-
-
-
-
-
Month of June 20252 days ago
-
June 2025 Updates2 days ago
-
-
-
-
-
-
-
Batisht crazy!5 days ago
-
-
Will SORA crash to 1 per cent?5 days ago
-
-
-
Hello world!1 week ago
-
-
Cut back some exposure1 week ago
-
-
-
-
-
-
8 tips for house moving1 week ago
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
May 2025 Portfolio4 weeks ago
-
-
-
Thakral - Gem life deal finally coming?5 weeks ago
-
-
-
-
-
Clarity1 month ago
-
The Trump Tariffs1 month ago
-
Selling HRnet and Fiverr1 month ago
-
-
-
-
Ignore the noise and be calm2 months ago
-
-
-
-
FAQ on Quantitative Investing Part 22 months ago
-
-
-
-
Crossing the 300k Mark [in a volatile period]2 months ago
-
-
-
-
-
-
-
-
-
ETF vs Mutual Fund: Which is Better?5 months ago
-
-
-
-
-
-
Arigato Everyone! A Decade of Blogging!6 months ago
-
Top 10 Highlights of 20246 months ago
-
-
-
Union Square Residences8 months ago
-
-
-
STI ETF9 months ago
-
-
-
Unibet Casino Bonus Codes 20249 months ago
-
-
-
-
The Stigma against Early Retirement (FIRE)11 months ago
-
Monthly IBKR Update – June 202411 months ago
-
-
-
-
-
-
-
-
-
Feb 2024 Expenditure1 year ago
-
-
-
-
-
-
-
Monthly Summary of November 20231 year ago
-
Migration of website1 year ago
-
-
-
-
-
-
Hello SP Group, I'm Back!2 years ago
-
-
-
A New Light2 years ago
-
-
-
-
-
2022 Thoughts, Hello 2023!2 years ago
-
Series of Defaults for Maple Finance2 years ago
-
Takeaways from “Sea Change”2 years ago
-
Greed is Coming Back2 years ago
-
-
-
-
-
-
-
-
What is Overemployment3 years ago
-
Terra Hill Condo (former Flynn Park)3 years ago
-
Alibaba VS Tencent: The Battle Royale3 years ago
-
-
-
-
-
-
-
-
-
-
-
-
-