Stamp duty for transfer of shares Malaysia

Stamp duty for transfer of shares Malaysia

Section 105(1) of the Companies Act 2016 required any shareholder or debenture holder may transfer all or any of his shares or debentures in the company by a duly executed and stamped instrument of transfer and shall lodge the transfer with the company.

What is IRB’s STAMPS?

Stamps is an Electronic Stamp Duty Assessment and Payment System via internet.

STAMPS will be replacing the manual franking system in LHDNM’s counter with effect from 01/07/2021.

Who can register for STAMPS ?
1. Company
2. Agent (Lawyer, Real-properties Agent, etc)

Stamp duty computation

According to the item 32(b) First Schedule of Stamp Act 1949:

“On sale of any stock, shares or marketable securities, to be computed on the price or value thereof on the date of transfer, whichever is the greater –

For every RM1,000 or fractional part of RM1,000 RM3.00

Method #1 – Net Tangible Asset (NTA)
Formula:
= Total Asset – Intangible Asset – Total Liability

NTA per share
= NTA  / Number of shares issued

Method #2 – Consideration

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