Friday, August 13, 2010

Stamp duty

The stamp duty chargeable on transactions on the stock market of Bursa Malaysia is:

RM1.00 for RM1000.00 or fractional part of value of securities (payable by both buyer and seller), and effective 17 March 2003, the stamp duty shall be remitted to the maximum of RM200. (Source: klse.com.my)

Contract value is RM 1 to RM 1,000; Stamp duty is RM 1
Contract value is RM 1,001 to RM 2,000; Stamp duty is RM 2
Contract value is RM 2,001 to RM 3,000; Stamp duty is RM 3
Contract value of RM 200,000 and above; Stamp duty is RM 200

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