Stamp Duty Exemption for Employment Contracts Executed Before 1 January 2025
Employment contracts are instruments chargeable with stamp duty at RM10 per instrument pursuant to Item 4, First Schedule of the Stamp Act 1949. Recent stamp duty audit and compliance operations by the Malaysian Inland Revenue Board revealed that one of the major non-compliance revolves around unstamped employment contracts.
In view of the above, the Ministry of Finance has made the following decision to alleviate the compliance burden on employers:
Petaling Jaya Office
Soh Lian Seng
Partner - Head of Tax and Tax Dispute Resolution
lsoh@kpmg.com.my
+ 603 7721 7019
Ng Sue Lynn
Partner - Head of Indirect Tax
suelynnng@kpmg.com.my
+ 603 7721 7271
Tai Lai Kok
Partner - Head of Corporate Tax
ltai1@kpmg.com.my
+ 603 7721 7020
Bob Kee
Partner - Head of Transfer Pricing
bkee@kpmg.com.my
+ 603 7721 7029
Long Yen Ping
Partner - Head of Global Mobility Services yenpinglong@kpmg.com.my
+ 603 7721 7018
Outstation Offices
Penang
Evelyn Lee
Partner
evewflee@kpmg.com.my
+603 7721 2399
Ipoh
Crystal Chuah Yoke Chin
Associate Director
ycchuah@kpmg.com.my
+603 7721 2714
Kuching & Miri
Regina Lau
Partner
reglau@kpmg.com.my
+603 7721 2188
Kota Kinabalu
Titus Tseu
Executive Director
titustseu@kpmg.com.my
+603 7721 2822
Johor
Ng Fie Lih
Partner
flng@kpmg.com.my
+603 7721 2514