KTP & Company PLT

Boss, this is your last clean up window for stamp duty.

Many SMEs think stamp duty is only for property or big loan agreement.

Wrong. Everyday documents (written instructment) also can trigger stamp duty. Service agreement, rental, lease, NDA, sales contract, even addendum.

The duty may be small. But the penalty is the killer. One RM10 document can become RM100 penalty. Multiply by dozens or hundreds of agreements, suddenly it becomes a serious bill.

IRBM now gives a one time chance : Stamp Duty Voluntary Disclosure Programme (SDVDP).

If your documents were signed between 1 Jan 2023 to 31 Dec 2025, you can disclose, submit and pay by 30 June 2026 and enjoy 100% penalty waiver. You pay duty only, no penalty.

But please remember. Submit only is not enough. Payment must be completed by 30 June 2026.

Our advice : Do not wait until June. Start now. Collect your agreements from Sales, HR, Procurement, Operations. Many documents are not even kept by accounts.

KTP can help you do a fast stamp duty health check, identify which documents qualify, and guide your MyTax submission. If you want to sleep better, PM us.

Read the full content in our blog
https://www.ktp.com.my/blog/stamp-duty-voluntary-disclosure-programme/5feb2026

Leave a comment

I’m Koh Teck Peng

Welcome to my blog, I’m the founder and principal of KTP & Company PLT. My journey in the accounting profession has been driven by a passion for numbers and a dedication to helping businesses succeed. With over 25 years of experience, I’ve had the privilege of working with a wide range of clients, from small startups to large corporations, providing them with the financial insight and strategic guidance they need to thrive.

Let’s connect

Design a site like this with WordPress.com
Get started