Retrospective Stamp Duty Exemptions for Loan and Finance Agreements

In November 2024, the Government had enacted several retrospective orders for exemptions of stamp duty payments in relation to loans and other facilities between small and medium enterprises and participating financial institutions.

For you to qualify for the stamp duty exemptions, the letters of offer from the financial institution must have been issued between 1 January 2022 and 31 December 2023.

The funds or facilities under which the stamp duty exemption applies are:

1. the Disaster Relief Facility 2022 or a Disaster Relief Facility;

2. the PENJANA Tourism Financing Facility;

3. the Targeted Relief and Recovery Facility;

4. the High Tech and Green Facility approved;

5. the:

   • All Economic Sectors Facility; or

   • Small and Medium Enterprises Automation and Digitalisation Facility; or

   • Agrofood Facility.

Although there is no timeline, the LHDN stamps duty paid will be subject to a reassessment notice to be issued by LHDN. Once the notice is issued, you must apply for refund.