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Stamp duty exemption for loan agreements for purchase of home between RM300,000 and RM2.5 million effective for sales and purchase agreements signed from 1 June 2020 to 31 May 2021. Real property gains tax exemption for disposal of up to three properties from 1 June 2020 to 31 December 2021.
In Malaysia, federal budgets are presented annually by the Government of Malaysia to identify proposed government revenues and spending and forecast economic conditions for the upcoming year, and its fiscal policy for the forward years. The federal budget includes the government's estimates of revenue and spending and may outline new policy ...
The government to extend the 50 per cent stamp duty exemption on instruments of transfer and loan agreement until December 2016; The government to raise the ceiling price of "Skim Rumah Pertamaku" to RM500,000; Age of borrowers to qualify for the scheme will be increased to 40 years from 35 years
It was introduced by the Howard Government on 1 July 2000, replacing the previous federal wholesale sales tax system and designed to phase out the various state and territory taxes such as banking taxes, stamp duty and land value tax. While this was the stated intent at the time, the States still charge duty on a various transactions, including ...
In 1972, a revenue legislation called the Sales Tax Act 1972 was declared in the Government Gazette as Malaysia Law Act 64 and implemented on 29 February 1972. This tax, known as Sales Tax, was imposed on all imported and local products, except those exempted under Sales Tax (Exemption) Order 1972, or were produced by manufacturers exempted ...
Indian laws require stamp duty payments on a limited category of transaction documents. Broadly, documents affecting rights and titles to property require stamp duties to be paid. The central government requires stamp duty to be paid on several classes of transaction documents, primarily focused on securities, under the Indian Stamp Act, 1899. [5]
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Assignment of Export Duty (Mineral Ores) Act 1964: 396 In force Assignment of Revenue (Export Duty on Iron Ore) Act 1962: 395 In force Atomic Energy Licensing Act 1984: 304 In force Attestation of Registrable Instruments (Mining) Act 1960: 387 In force Audit Act 1957: 62 In force Aviation Offences Act 1984: 307 In force Banishment Act 1959: 79