KUALA LUMPUR: The government has proposed a full stamp duty exemption on loan or financing agreements undertaken by micro, small, and medium enterprises (MSMEs) with investors through the Initial Exchange Offering (IEO) platform from Jan 1, 2025, to Dec 31, 2026.
While presenting Budget 2025 in Parliament today, Prime Minister Datuk Seri Anwar Ibrahim said this move aims to expand MSMEs’ access to alternative loans or financing.
Additionally, he announced that the loan or financing limit under the Micro Financing Scheme for stamp duty exemption will be raised to RM100,000 from RM50,000 starting Jan 1, 2025.
The Prime Minister also highlighted the government's ongoing support for cooperative business activities, including the provision of working capital.
Anwar also added that a financing fund of up to RM100 million will be made available under the Malaysia Co-operative Societies Commission. - Bernama
