Stamp Duty Rate For Tenancy Agreement Malaysia

As of January 1, 2018, rental income generated in Malaysia will be valued at a progressive rate of 0% to 30%. Rental income is calculated on a net basis, which means that the final amount of rental income is deducted after deduction of the expenses incurred. You are entitled to an exemption from rental income tax as long as you meet the following criteria: The tax rate imposed for the instrument insuring the annual rent via RM2.400 is as follows: Subject to the terms of the rental agreement, the tenant would have the right to recover the rental deposit from the lessor and may be allowed to sue the lessor for infringement. The third list of the Stamp Act of 1949 defines the types of instruments and the subject to stamps. Liability for discharged taxes is provided for in section 33 of the Stamp Act 1949.