A SME boss once asked me nervously,

“Eh… if I don’t prepare employment contracts, how would LHDN know?”
“What if I collect rental without stamping tenancy agreement?”
“I lent RM200k to my brother’s company — no agreement. OK ah?”

I smiled and replied,
“Bro, IRB officers don’t live on trees anymore.”

We laughed. But it’s not a joke.

Welcome to Self-Assessment … where you are responsible to calculate your tax, claim reliefs, file your return, and now, stamp duty too. We have started self assessment on company and individual 25 years ago.

From 2025 onwards, employment contracts, tenancy agreements, and related-party loans must be stamped.

No one will remind you. But if you miss it … penalty applies.

And now with e-Invoicing, everything becomes real-time and traceable. Sales, purchases, and payments. LHDN sees it all.

No more under-declared income or backdated documents.

Keep your records. Stamp what needs stamping.

Because in this new era, compliance is your best defence.

Mission Impossible quote
“O̵n̵e̵ ̵m̵a̵n̵ IRB has one chance to do the impossible.”😝😛😜