Thumbs up for reinstating shares stamp duty cap

On Dec 30, 2021, the Finance Ministry (pic) announced that a stamp duty of 0.15% would be imposed on share contract notes, up to a maximum of RM1,000. It said stamp duty amounts exceeding RM1,000 would be remitted and that this remittance would apply to all contract notes from Jan 1, 2022 until Dec 31, 2026.

PETALING JAYA: Investors will enjoy lower transaction costs following the Finance Ministry’s decision to reinstate the cap on stamp duties for the trading of shares on Bursa Malaysia.

In welcoming the move, CGS-CIMB Research said it will make the Malaysian stock exchange more competitive regionally.