Govt To Implement Self-Assessment Stamp Duty System In Phases Starting 2026 - MoF

KUALA LUMPUR, Oct 18 (Bernama) -- The government has proposed implementing the Self-Assessment Stamp Duty System (SASDS) in phases based on the type of document or transaction, according to the Ministry of Finance (MoF).

In an appendix released alongside the presentation of the Budget 2025 today, MoF stated that the proposal aims to make the self-assessment and payment system more efficient while also enhancing compliance.

"Under SASDS, the duty payer or their appointed agent must upload information into the Stamp Assessment and Payment System (STAMPS), self-assess the stamp duty value for the document or agreement, and make the payment within the specified timeframe," said MoF.

According to the ministry, the first phase of SASDS will take effect on Jan 1, 2026, covering documents or agreements related to rental or lease, general encumbrance, and security. The second phase, beginning on Jan 1, 2027, will apply to property transfer documents.

The third phase will begin on Jan 1, 2028, covering documents or agreements not included in the first two phases.

The ministry noted that before 2021, documents could be stamped manually via the Digital Franking System (SFD), or online using STAMPS. However, SFD was terminated on June 30, 2021, making STAMPS the primary system for online stamping.

"Although STAMPS is fully implemented and duty payers enter stamp duty information themselves, the assessment of stamp duty remains the responsibility of the Inland Revenue Board of Malaysia (IRB)," it said.

"The payer will make the stamp duty payment based on the assessment notice issued by LHDN via the STAMPS system," it said.

-- BERNAMA