On the 15th of July 2022, the YAB Prime Minister Datuk Seri Ismail Sabri Yaakob (“YAB Prime Minister”) had announced that:[1] 2. Property priced between RM500K to RM 1 million There was an earlier House Ownership Campaign (“HOC”) initiative by the government that allows property owner to enjoy stamp duty exemption under the HOC 2020 which […]
Introduction to HOC House Ownership Campaign (HOC) is a government initiative/policy to allow the purchaser/borrower to enjoy tax exemption in the form of stamp duty exemption. It comes in two form – stamp duty exemption for the transfer of title (MOT) and also the stamp duty exemption for the stamping of loan. This means that […]
Authored by Dylan Chong. You may email him at dc@jc-law.my Stamp Duty for Memorandum of Transfer Stamp Duty is imposed on the instrument to transfer such as property and share. The instrument of transfer can be the share transfer form or Memorandum of Transfer. The stamp duty assessment will be based on the value of […]
Authored by Dylan Chong Income tax assessment In Malaysia, the tax system is run by the Inland Revenue Board. Individual practices self-assessment regime, this means that every year by the end of April, the individual has to submit their tax return to the Inland Revenue Board either manually or through the online system. The tax […]
Authored by Dylan Chong. You may email him at dc@jc-law.my Introduction Youtuber or Social Media Influencer (the “creator”) posts picture or video on youtube and their social media platform to get views. If the creator has a lot of followers and their video has high viewership, share, engagement in comment section and get re-posted in […]
