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Special Voluntary Disclosure Programme for Stamp Duty Extended to 31 December 2026

30 June 2026

The Inland Revenue Board of Malaysia (“IRBM”) announced on 26 June 2026 that the Special Voluntary Disclosure Programme for Stamp Duty (“SVDP 2026”) which is due to expire on 30 June 2026 has been extended to 31 December 2026.1
 
The SVDP 2026 exempts instruments executed from 1 January 2023 to 31 December 2025 (“eligible instruments”) from payment of penalty for late stamping under section 47A of the Stamp Act 1949, subject (among others) to the condition that the eligible instruments are presented for stamping and have been duly stamped within the duration of the SVDP 2026.
 
According to the IRBM, the extension of the SVDP 2026 is part of the Government’s efforts to encourage compliance with voluntary stamping, while giving time to duty payers who are still in the process of familiarising themselves with the Stamp Duty Self-Assessment System (STSDS).
 
In connection with the extension of the SVDP 2026, the IRBM reiterated that duty payers must ensure that the process of stamping and payment of stamp duty are completed within the extended time frame of the SVDP 2026, subject to the following conditions: 
  1. All eligible instruments, i.e. those executed from 1 January 2023 until 31 December 2025, are eligible for exemption from payment of penalty for late stamping; 
  2. Stamping and payment of stamp duty on the eligible instruments must be carried out between 1 January 2026 to 31 December 2026; 
  3. Duty payers are not required to apply for waiver of penalty as the penalty will be automatically waived upon payment of the stamp duty; 
  4. The SVDP 2026 does not apply to cases involving fraud; 
  5. All eligible instruments which are stamped under the SVDP 2026 will not be audited. However, the SVDP 2026 will not exempt tax payers from being audited on other instruments which are not stamped under the SVDP 2026. 
The IRBM has advised duty payers to submit applications for stamping as soon as possible to ensure that the notice of assessment can be issued within the period of the SVDP 2026 and stamp duty is paid within the time frame that is allowed.
 
Comments
 
The extension of the deadline of the SVDP 2026 from 30 June 2026 to 31 December 2026 is welcomed. Except for the extension of the duration of the SVDP 2026 to 31 December 2026 and the extension of the deadline for payment of stamp duty on eligible instruments under the SVDP 2026 to 31 December 2026, the terms and conditions of the extended SVDP 2026 are identical to those under the programme when it was first announced on 28 January 2026.
 
Our write-up on the SVDP 2026 that was published upon the initial launch of SDVP 2026 can be read here.
 
 
Article by Sheba Gumis (Partner) and Joey Tiw (Senior Associate) of the Tax Practice of Skrine.
 
 
 
1 The IRBM’s media statement (in Bahasa Malaysia) can be accessed here.

This article/alert contains general information only. It does not constitute legal advice nor an expression of legal opinion and should not be relied upon as such. For further information, kindly contact skrine@skrine.com.

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