taxsphere2026-07-033 min read
Special Voluntary Disclosure Programme (SVDP) for Stamp Duty Extended to 31 December 2026
The Inland Revenue Board of Malaysia (IRBM) has announced an extension of the SVDP for Stamp Duty by a further six (6) months, from 1 July 2026 to 31 December 2026. This extension presents a valuable opportunity for businesses and individuals to regularize any outstanding stamp duty obligations without incurring penalties.
Background
The initial SVDP window ran from 1 January 2026 to 30 June 2026. The IRBM has now extended this programme for a further six (6) months, recognizing that many taxpayers and businesses may still require additional time to identify and regularize unstamped documents.
Key Features of the SVDP
- Eligible Instruments: All instruments (agreements, contracts and documents) executed between 1 January 2023 to 31 December 2025.
- Programme Period: Stamping and payment of the outstanding stamp duty must be completed between 1 January 2026 to 31 December 2026.
- Full Penalty Waiver: A 100% waiver of late stamping penalties is granted upon payment of the stamp duty due.
- Audit Protection: Instruments stamped under the SVDP will not be subject to future audit by the IRBM. However, please note that other unstamped instruments not covered by the programme remain subject to audit.
Why This Matters
Stamp duty is an upcoming key audit focus area of the IRBM. Any failure to stamp chargeable instruments can expose businesses and individuals to significant penalties, in addition to the original duty amount. The SVDP extension provides a critical window to address historical non-compliance at no additional cost beyond the duty itself.
Recommended Action
We strongly encourage our clients to conduct a comprehensive review of all agreements, contracts and documents executed between 1 January 2023 to 31 December 2025 to identify any instruments that have not been stamped.
The deadline of 31 December 2026 is firm. Documents submitted after this date will not qualify for the penalty waiver and will be subject to full late stamping penalties under the Stamp Act 1949 and Stamp Duty Audit Framework.
Should you require any assistance in reviewing your stamp duty obligations or submitting documents under the SVDP, please do not hesitate to contact our office.