All job contracts must be stamped from next year: Tax Man

Starting Jan 1, 2026, all employment contracts in Malaysia must be stamped, the Inland Revenue Board (LHDN) announced. This move aligns with the phased rollout of the Stamp Duty Self-Assessment System under Budget 2025. A stamp duty of RM10 will apply per contract, as required under the Stamp Act 1949. Contracts signed before Jan 1, 2024, are exempt. Those signed between Jan 1 and Dec 31, 2024, must still be stamped but will not incur late penalties if done before year-end. LHDN urges employers to review and update contracts to ensure compliance and avoid penalties.

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