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Extension of stamp duty exemption relating to the restructuring or rescheduling of a business loan or financing agreement executed between a borrower or customer and a financial institution (FI)
In Budget 2023, it was proposed that the stamp duty exemption on the instrument of loan or financing agreement relating to the restructuring or rescheduling of a loan or financing agreement between a borrower or customer and an FI, be further extended for another two years (see Take 5: Malaysia Budget 2023).
To legislate this, the Stamp Duty (Exemption) (No. 11) 2021 (Amendment) Order 2023 [P.U.(A) 141] was gazetted on 2 May 2023. The Amendment Order provides that the exemption will now apply to the above-mentioned instruments of loan or financing agreements executed until 31 December 2024 (previously 31 December 2022).
The Amendment Order comes into operation on 1 January 2023.