Malaysia gazettes Stamp Act 1949 amendments, laying groundwork for self-assessment regime

25 March 2025

On 31 December 2024, the Finance Bill 2024 and Measures for the Collection, Administration and Enforcement of Tax Bill 2024 (collectively, “Bills”) were gazetted following their passage in the Malaysian Senate (Dewan Negara) on 16 December 2024. These Bills contain amendments to various tax legislation including but not limited to the Income Tax Act 1967, Real Property Gains Tax Act 1976, and Stamp Act 1949 (“Stamp Act”).

This article by our associate firm in Malaysia, Rahmat Lim & Partners, focuses on the amendments made to the Stamp Act and summarises some of the key changes, including an increase in penalties and the introduction of a self-assessment regime. It is available on their website.