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Stamp Duty Exemption

Reference to Stamp Duty (Exemption) (No.15) Order 2021
and Stamp Duty (Exemption) (No.16) Order 2021
 

The stamp duty exemption is applicable for:-

  1. Individual with an annual premium not exceeding RM150
  2. Micro Enterprise or Small and Medium Enterprise with an annual premium not exceeding RM250*

The exemption of the stamp duty shall apply for policies issued  on or after 1st January 2022  but not later than 31st December 2025 for the following products:

  1. Fire Insurance
  2. Fire Business Interruption Insurance (Fire Consequential Loss Insurance)
  3. Personal Accident Insurance
  4. Travel Insurance
  5. Liability Insurance
  6. Engineering Insurance

*Notes

Upon renewal Policyholder need to provide valid SME registration certificate issued by SME Corp Malaysia