Stamp Duty For License Agreement In Malaysia

The payment of stamp duty can be made by the following method. An instrument must be stamped within 30 days of its execution if it is executed inside Malaysia. If the instrument is performed outside Malaysia, it must be stamped within 30 days of the first reception in Malaysia. There are two types of stamp duty, ad valorem Duty and Fixed Duty. For value tax, the amount payable varies depending on the nature and value of the instruments. In Malaysia, stamp duty is a tax levied on a large number of written instruments defined in the First Schedule of Stamp Duty Act of 1949. Stamp duty is generally levied on legal instruments, trading instruments and financial instruments. If the instrument is not stamped within the time limit, a penalty is imposed by..