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.
