PUTRAJAYA: The Inland Revenue Board (LHDN) will not impose penalties during the first year of the Self-Assessment Stamp Duty System (STSDS) for applications submitted from Jan 1 to Dec 31, 2026, in efforts to ease duty payers into the new regime.
In a statement on Sunday (Dec 21), LHDN said the concession covers errors in Stamp Duty Return Form (BNDS) submissions, inaccurate information affecting stamp duty assessment, and offences identified under subsection 72D(2) of the Stamp Act 1949.
"The measure is intended to ease duty payers into the new system, encourage voluntary compliance and allow time to familiarise themselves with electronic self-stamping," it added.
The e-Stamp Duty System has been opened for early access via the MyTax portal to facilitate testing and preparation.
Assistance is available via the HASiL Contact Centre at 03-8911 1000 or +603-8911 1000 (overseas), HASiL Live Chat, or the feedback form at maklumbalaspelanggan.hasil.gov.my/Public/ on LHDN's official portal. - Bernama
