PETALING JAYA: The Malay Chambers of Commerce (MCC) urges the government to review the Stamp Act 1949 before implementing stamp duty on workers' contracts following the Stamp Duty Audit Framework introduced by the Inland Revenue Board (LHDN) on Jan 1.
The trade group said the enforcement of the stamp duty affected micro traders, and small-scale industries as it outlines the rights and responsibilities of audit officers and duty payors, the types of duties and penalties.
