Bursa Malaysia stamp duty rate to be reduced to 0.1% from July - PM

KUALA LUMPUR: The stamp duty rate for shares traded on Bursa Malaysia will be reduced from the current 0.15% to 0.1% of the contract value from July 2023 onwards, subject to a maximum cap of RM1,000 per contract.

Speaking at the launch of the Securities Commission's (SC) capital market graduate programme, Prime Minister Datuk Seri Anwar Ibrahim said the reduction in trading cost is aimed at directly reducing the cost of securities transactions to make the Malaysian stock market more competitive.