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E-Stamping Services in Malaysia
Package Fee for E-Stamping Services
Package Available | Fee subjected to Service Tax |
Stamping of Agreement | From RM200 processing fee* |
* from RM200 processing fee is chargeable for stamping of each agreement (excluding stamping fees).
@ You must subscribe to our annual secretarial service before we can assist in e stamping services
Please note that an application for adjudication to IRB will only be submitted upon payment of processing fee & estimated stamping fee together with all the documents i.e. agreements.
Processing Fee is not refundable if you decide to not to stamp the agreement/instrument after the received adjudication results to IRB.
Stamp duty is chargeable on certain instruments or documents. The rate of duty varies according to the nature of the instruments/documents and transacted values. Exemption of stamp duty is given on certain instruments and documents. Please click here, for further information.
An instrument may be stamped within 30 days of its execution if executed within Malaysia or within 30 days after it has been first received in Malaysia if it has been executed outside Malaysia.
If it is not stamped within the period stipulated, the penalty below may be imposed:-
- RM25.00 or 5% of the deficient duty, whichever is the greater, if stamped within 3 months after the time for stamping;
- RM50.00 or 10% of the deficient duty, whichever is the greater, if stamped after 3 months but not later than 6 months after the time for stamping;
- RM100.00 or 20% of the deficient duty, whichever is the greater, if stamped after 6 months from the time for stamping;
The purpose of stamping the agreement(s) is to protect the parties to the contract in respect of the admissibility of the instrument as evidence in court during a civil proceeding. An instrument which is not duly stamped is not admissible in court as evidence.
Adjudication of Instruments
All instruments chargeable with duty and executed by any person in Malaysia shall be brought to the Collector who shall assess the duty chargeable. For this purpose, the Collector may require the instrument to be fully furnished with all other necessary or supporting documents of evidence. The Collector may refuse to proceed upon any such application until all documents have been furnished to him accordingly.
All application for adjudication can be submitted at any Inland Revenue Board (IRB) counter in Stamp Branch Offices, Revenue Service Centres and District Offices or online through STAMPS website at https://stamps.hasil.gov.my
Why use STAMPS ?
- Easy to retrieve anywhere and anytime
- Save time in processing instruments/documents
- Systematic and expedite processing
- Data safety guaranteed
- Reduce cost
- Status verification at any time
No sure how to use STAMPS, no worries !!!
3E Accounting could help you at from RM200 processing fee for each agreement (excluding stamping fees). Just email us at info@3ecpa.com.my with a copy of the agreement/instrument together with all other relevant supporting documents) such as evidence of documents received in Malaysia e.g. courier slip). Please note that we will submit an application for adjudication to IRB upon payment of processing fee & estimated stamping fee. Processing Fee is not refundable if you decide to not to stamp the agreement/instrument after the received adjudication results to IRB.
3E could also provide professional advices on stamp duty matters and application for stamp duty exemption. Please Contact us today at info@3ecpa.com.my for a no-obligation consultation!