For example, stamp duty on a transfer protocol for a property worth RM500,000 is calculated as follows: – Now you can create most of your legal documents yourself using our ready-to-use and customizable legal documents. To create a privacy agreement, select your state below and click “Create a document.” Your NDA is just a few clicks away! If you are a registered company, you can use the corporate letterhead as a substrate to print the contract. If you are an individual, use a stamp paper with a prescribed value in your country to execute this agreement. As a general rule, you are required to make clauses in the agreement that prohibit you from disclosing confidential information for a certain period after the termination of the contract. Be sure to read the conditions and act accordingly. However, if the buyer objects to the initial assessment, he is not exempt from paying the tax on the basis of the initial assessment within 30 days of the date of the initial notification. With regard to the declaration of transfer, it must be forwarded to the stamping authority for decision in order to determine whether stamp duty is levied on the basis of the contract price or the market value of the property. The transfer declaration is stamped within 30 days from the date of the evaluation. The author is a member of the Conveyancing Practice Committee, Bar Council, Malaysia www.malaysianbar.org.my. A BUYER of a property, in addition to paying legal fees to his lawyers, must pay the stamp duty collector on the purchase and sale contract; Transmission merandum; and when he borrows to finance the purchase of the property and charges the property as collateral, he must pay a stamp duty on the loan facility or contract and the Memorandum of Understanding. The purchase and sale contract, the loan or facility contract and the fees paid in Malaysia must be specified within 30 days of their completion. If the sales contract, credit or facility contract and fees are executed outside Malaysia, the stamp period is 30 days after their first receipt in Malaysia. It would therefore be desirable for the buyer to pay the opposition tax while following the objection.

The tax on the value of the main instrument of a loan is calculated with RM5 for each RM1,000 or part of it. If the loan is z.B RM 400,000, the stamp duty payable is calculated as follows:- If he succeeds in the objection, he can recover the excess stamp duty paid by the collector. If the buyer is not satisfied with the stamp duty collector`s verification, he or she can refer the result of the audit to the High Court within 21 days of the buyer`s written notification. This agreement is a legal contract between two or more parties that governs the sharing of confidential or proprietary information for purposes or in general.