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.
It said the concession covers errors in Stamp Duty Return Form submissions, inaccurate information affecting stamp duty assessment, and offences identified under subsection 72D(2) of the Stamp Act.
“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 said in a statement, Bernama reported.
