PETALING JAYA: Raising the salary threshold for exemption of stamp duty for employment contracts from RM300 to RM3,000, will help reduce operating costs for businesses, say employer groups.
“This is a timely and progressive measure that will help reduce business operating costs, particularly for employers in labour intensive sectors such as manufacturing, retail, agriculture and services, where large numbers of employees earn below RM3,000 per month,” said Malaysian Employers Federation (MEF) president Datuk Dr Syed Hussain Syed Husman.
