“The cost of transactions on Bursa Malaysia was already among the highest in Asean prior to the Budget 2022 announcement. “Increasing the stamp duty rate makes us the most expensive market to trade in the region, as the removal of the sales and service tax is much smaller compared to the proposed increase in stamp duties,” the stock exchange told StarBiz in replies to questions posed.
PETALING JAYA: The proposed increase in stamp duty rates on contract notes will make the local stock exchange the most expensive market to trade in Asean, points out Bursa Malaysia.
“The cost of transactions on Bursa Malaysia was already among the highest in Asean prior to the Budget 2022 announcement.
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