Focus

Use of revenue stamps, franking machines to end on Jan 1 next year, says IRB

21 Aug 2023 03:16pm
Applications for stamping and payment of stamp duty can be made online through the Stamp Duty Assessment and Payment System (STAMPS) portal at the link https://stamps.hasil.gov.my without having to attend the stamp duty counter
Applications for stamping and payment of stamp duty can be made online through the Stamp Duty Assessment and Payment System (STAMPS) portal at the link https://stamps.hasil.gov.my without having to attend the stamp duty counter
A
A
A

KUALA LUMPUR The use of adhesive stamps (revenue stamps) and postal franking machines as a method of stamping documents or agreements will be terminated beginning Jan 1, 2024.

In a statement today, the Inland Revenue Board (IRB) said that duty payers are only allowed to use revenue stamps for document or agreement sealing until Dec 31, 2023.

Taxpayers are also advised to use up any remaining revenue stamps in their possession.

"No refunds or cash substitutions are permitted for any unused revenue stamps.

"Applications for stamping and payment of stamp duty can be made online through the Stamp Duty Assessment and Payment System (STAMPS) portal at the link https://stamps.hasil.gov.my without having to attend the stamp duty counter,” according to the statement.

It said that Malaysian citizens and permanent residents who have an income tax file can register their STAMPS User ID, submit an assessment request, and make a stamp duty payment online through the STAMPS portal.

Individual tax file registration can be done through e-Daftar at the link https://edaftar.hasil.gov.my, according to the IRB. - BERNAMA

Related Articles:
irb
revenue stamps
duty
end
adhesive stamps
More Like This
Photo for illustrative purposes only.
Photo for illustrative purposes only.
National First Malaysian study centre in Japan opens to boost research
Its opening coincided with the objectives of the Malaysia-Japan Strategic and Comprehensive Partnership announced by the leaders of the two countries.
Uyghur-French author Sr Guzelya Marisova wrote the book as a way to express the pain in her heart following Israel's unrelenting offensive on the Palestinian enclave since Oct 7. - Photo by Bernama
Uyghur-French author Sr Guzelya Marisova wrote the book as a way to express the pain in her heart following Israel's unrelenting offensive on the Palestinian enclave since Oct 7. - Photo by Bernama
National Discover Palestine through children's book 'Story of the Stolen Homes'
Uyghur-French author Sr Guzelya Marisova penned the book as a way to express the pain in her heart following Israel's unrelenting attacks on the Palestinian enclave.
La House Bahulu Norela Abdul Rahim founder (right) with her worker preparing bahulu gulung. Photo by Bernama
La House Bahulu Norela Abdul Rahim founder (right) with her worker preparing bahulu gulung. Photo by Bernama
National ‘Bahulu gulung' made by mothers enjoying brisk sales
KUALA LUMPUR - When homemaker Norela Abdul Rahim embarked on expanding her bahulu gulung business, she made it a point to hire only mothers to assist her in making the delicacy. Why mothers? "Not only are mothers hardworking but they can also perform difficult and challenging tasks efficiently,”...
Finas chief executive officer Datuk Azmir Saifuddin Mutalib - Photo by Bernama
Finas chief executive officer Datuk Azmir Saifuddin Mutalib - Photo by Bernama
National Finas collaborating with MyIPO for more intellectual property registration among artistes
KUALA LUMPUR - The National Film Development Corporation (Finas) will collaborate with the Malaysian Intellectual Property Corporation (MyIPO) in an effort to increase intellectual property (IP) registration among the country's actors and art practitioners. Finas chief executive officer Datuk...