Bursa Malaysia Berhad (“Bursa Malaysia”) lauds the recent statement from the Ministry of Finance, Government of Malaysia (“MOF”) with regards to the remittance of the stamp duty on contract notes for the trading of listed shares on Bursa Malaysia.
The policy decision as announced was:
1. Stamp duty set at RM1.50 for every RM1,000 or fractional part of RM 1,000 of the value of the contract note of any shares or stock;
2. The stamp duty is to be capped at RM1,000.
The above shall be valid from 1 January 2022 (1st trading day: 03 January 2022) to 31 December 2026.
In addition, as per MOF, the Sales & Services Tax on brokerage is removed.
|
Fees |
Current Rate |
New Rate (effective 01 January 2022, trade date 03 January 2022) |
|
Stamp Duty |
0.1% Maximum: MYR200 |
MYR1.5 for every MYR1,000, gross consideration round up to MYR1,000 (with max of MYR1,000) |
|
Sales & Services Tax |
6% on Commission |
Removed |
|
Clearing Fee |
0.03% Maximum: MYR1,000 |
No Change |
Should you have further queries, please contact your Account Manager or call our Customer Service Hotline at (852) 3555 7878 for immediate assistance.
Yuanta Securities (Hong Kong) Company Limited
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