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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.
The government regularly updates its Stamp Duty laws and in addition to the above, several other amendments have now been published which are also aimed at cooling the property market. Third party calculators make it easier to understand the complex set of rules, making it easier to under the latest cost of buying or selling.
Malaysia issued its first general duty revenue stamps in 1975, inscribed Hasil Malaysia (Revenue Malaysia) and depicting the country's coat of arms. Three values of $25, $100 and $250 were issued. In 1982, the coat of arms was changed slightly so the set was reissued with the new version. This time $500 and $1000 values were added.
Royal Malaysian Customs Department (RMCD) role is to: Collect national revenue in the form of taxes and customs duties consisting of import duty, export duty, excise duty, sales tax, service tax, extraordinary profit levy, vehicle levy, departure levy, non-tax revenue, state revenue/trust money and tourism tax.
The Ministry of Housing and Local Government (Malay: Kementerian Perumahan dan Kerajaan Tempatan), abbreviated KPKT, is a ministry of the Government of Malaysia that is responsible for urban well-being, housing, local government, town planning, country planning, fire and rescue authority, landscape, solid waste management, strata management, moneylenders, pawnbrokers.
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The items may have to be physically stamped at approved government offices following payment of the duty, although methods involving annual payment of a fixed sum or purchase of adhesive stamps are more practical and common. This system of taxation was first devised in the Netherlands in 1624 after a public competition to find a new form of tax ...
8 June: Malaysia-Thailand Joint Issue (Marine Creatures) 25 June: Herons & Bitterns; 29 July: Pearls; 8 August: Joint Stamp Issue of ASEAN Community; 27 August: Mosques in Malaysia; 8 September: Panda Postal Card; 15 September: MALAYSIA #sehatisejiwa; 9 October: World Post Day; 27 October: Stamp & Philatelic Club - Stamp Week 2015