Penalty For Late Payment Of Stamp Duty

All instruments in which stamp duty is required to be paid must be presented within thirty days of its execution.

The FINANCE (No.2 Bill) 2000 has amended the Stamp Act to provide for greater penalties for late presentation of instruments.

a) If the instrument is not presented within the first three months then the instruments attracts a penalty duty of RM25 or 50 % of the amount, whichever is higher.

b)If not presented within three to six months then the instruments attracts a penalty of RM50 or 100% of the duty.

c) If presented later then six months then it attracts a penalty duty of RM100 or 200 %.