Stamp duty on contract notes for trading in shares to be capped at RM1,000

KUALA LUMPUR: Bursa Malaysia Bhd has lauded the Ministry of Finance's (MoF) decision with regards to the remittance of stamp duty on contract notes for the trading of listed shares on Bursa Malaysia, which will be capped at RM1,000.

The exchange operator said MoF recently announced that the stamp duty is set at RM1.50 for every RM1,000 or fractional part of RM1,000 of the value of the contract note of any shares or stock and that the stamp duty is to be capped at RM1,000.