PUTRAJAYA: The implementation period of the 2026 Stamp Duty Special Voluntary Disclosure Programme (PKPS) has been extended by six months, says the Inland Revenue Board (LHDN).
The period is from July 1 until Dec 31, 2026 and is intended to encourage voluntary compliance in stamp duty declarations while providing additional time for duty payers to adapt to the new system.
The agency said the initiative is also expected to reduce non-compliance under the Stamp Act and further strengthen overall compliance levels.
“Duty payers are advised to ensure that stamping and payment of stamp duty are completed within the extended PKPS period. Under the programme, all instruments executed between Jan 1, 2023 and Dec 31, 2025, are eligible for exemption from penalties,” the LHDN said yesterday.
The exemption is based on the powers granted to the Stamp Duty Collector under Subsection 47A(2) of the Stamp Act 1949, the statement added.
The agency explained that stamping applications and stamp duty payments must be completed between Jan 1 and Dec 31, 2026.
No separate appeal for penalty remission is required, as penalties will be automatically waived once the stamp duty payment is made.
However, the PKPS does not apply to cases involving fraud, LHDN noted.
It also said instruments executed between Jan 1, 2023 and Dec 31, 2025 and declared under the 2026 Stamp Duty PKPS will not be subject to audit.
