Stamp Duty (Remission) (No. 2) Order 2009

Stamp Duty (Remission) (No. 2) Order 2009

In exercise of the powers conferred by subsection 80(2) of the Stamp Act 1949 [Act 378], the Minister makes the following order:

Citation and commencement

1. (1) This order may be cited as the Stamp Duty (Remission) (No. 2) Order 2009.

(2) This Order shall have effect from 1 January 2010 until 31 December 2015.

Remission

2. Twenty percent of the stamp duty payable and chargeable on the principal or primary instrument of financing made according to the Syariah principles pursuant to subsubparagraph 22(1)(a) or subparagraph 27(a) of the First Schedule of the Act is remitted subject to the condition that the instrument is approved by the Syariah Advisory Council of Bank Negara Malaysia or the Securities Commission, as the case may be.


Made 23 November 2009

[Perb. CR(8.09)294/6/4-9(SJ. 9)(2010); LHDN. 01/35/(S)/42/51/231-17.11;
PN(PU2)159/XXXV]

Dato’ Seri Haji Ahmad Husni bin Mohamad Hanadzlah
Second Minister of Finance