Ad Valorem Duty The rate of duty varies according to the nature of the instruments and the consideration stipulated in the instruments or the market value of the property. The imposition of ad valorem duty that is, according to the value is on: Instruments of transfer implementing a sale or gift of property including marketable securities meaning loan stocks and shares of public companies listed on the Bursa Malaysia Berhad , shares of other companies and of non-tangible property e.
Instruments creating interests in property e. Contract Notes 2. Fixed Duty Duty is imposed without any relation to the consideration paid or amount stated in the instrument.
The imposition of fixed duty is on: A number of other legal, commercial, mercantile or capital market instruments e. Power or Letter of Attorney, Articles of Association of a Company, Promissory Notes, Policy of Insurance etc ; and A duplicate or a subsidiary or a collateral instrument when it can be shown that the original or principal or primary instrument has been duly stamped.
Hit s : , Updated : : Visitor s : Online : Privacy Policy. Security Policy. The duty is chargeable on the contract note that is executed in Malaysia between the local broker and the investor in accordance with the Stamp Act, There is a maximum cap of MYR on transactions executed for the account of foreign investors.
It is standard market practice for the broker to charge such stamp duty on behalf of the Malaysian Inland Revenue Department by including it in the settlement countervalue. Accordingly, as the counterparties to a trade are directly liable to the Malaysian Inland Revenue Department for the payment of such duty, Clearstream Banking requires no specific information on payment in the customer's settlement instruction and does not assist in this regard.
Customers transferring securities to another custodian or agent are required to indicate the NCBO status in the transfer instructions submitted to Clearstream Banking.
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