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Introduction
Identify the Document, Apply the Right Rate & Calculate the Duty
Stamp duty covers much more than employment contracts, and LHDN is now taking enforcement more seriously. This one-day practical course is for anyone who prepares, signs or handles business documents, whether in HR, admin, finance or management. It also covers the basic use of AI to record and monitor stamping.
OBJECTIVE:
To help participants handle stamp duty on everyday business documents correctly, from knowing which documents need stamping to calculating and paying the duty, and to use AI to monitor and control stamping
Module 1: Introduction to Stamp Duty
- What stamp duty is and why it matters to every business today
- Other business documents that need stamping, besides employment contracts
- Who pays, when to stamp and penalties for late stamping
Module 2: Identifying Documents & Fixed Rate Duty
- The difference between fixed rate and ad valorem rate
- Common fixed rate documents, including employment contracts
- Letters of offer, MOUs and side letters: do they need stamping?
- Practical exercise: identifying the document and applying the right rate
Module 3: Ad Valorem Documents (Duty Based on Value)
- Tenancy and lease, loan and financing and service agreements
- Overview of property and share transfers
- Practical exercise: calculating stamp duty using the template provided (e.g. a three-year office tenancy)
Module 4: Exemptions, How to Stamp & Using AI to Monitor
- Exemptions and remissions available, and how to claim them
- Common stamping mistakes and how to avoid them
- Live demo: stamping a document on myTax e-Duti Setem (STAMPS)
- Basic use of AI to record, monitor and control stamping (stamping tracker and deadline reminders)
- Q&A Session