At present, where a loan is a foreign currency loan, the stamp duty payable on the loan agreement is RM 5.00 for every RM 1,000.00 or part thereof but the total duty payable shall not exceed RM 500.00.
It is proposed that this be increased to RM 2,000.00.
This amendment is expected to come into operation on 1 January, 2020.
Vijey M. Krishnan (Partner)
(T): 603 – 2632 9868
William Wong (Senior Associate)
(T): 603 – 2632 9905
Nicholas Mark Pereira (Senior Associate)
(T): 603 – 2632 9911