To recap, last year, the government removed the RM200 stamp duty cap on contract notes for trading of listed shares, and increased the rate to 0.15%, from 0.1%. Concurrently, sales tax is exempted from brokerage activities for the trading of listed shares. This was announced by Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz at Dewan Rakyat during the 2022 budget speech on Oct 29, 2021.
The Malaysian government has reduced the stamp duty for shares traded on Bursa Malaysia, lowering it to 0.10% from 0.15% of contract value, subject to a maximum cap of RM1,000 ($289.61) per contract, effective July 2023.
This was announced by Prime Minister Datuk Seri Anwar Ibrahim at the launch of Capital Market Talent programme for graduates on Monday (June 19).
