IRB Offers Stamp Duty Penalty Waiver for Documents Executed Between 2023–2025

The Inland Revenue Board of Malaysia (IRB) has announced a special penalty waiver programme under the Stamp Duty Special Voluntary Disclosure Programme (PKPS) 2026 for unstamped or late-stamped documents executed between 1 January 2023 and 31 December 2025. Under this programme, eligible instruments can be submitted for stamping and payment of stamp duty from 1 January 2026 to 30 June 2026 without incurring any late-payment penalties, provided there is no fraud involved.

During the PKPS 2026 period, all qualified instruments that are stamped will not be subject to audit, giving taxpayers a clear incentive to rectify past non-compliances. Any penalty amounts appearing on forms or assessment notices will be automatically waived at the point of payment, with no further action required from the payer. Taxpayers are encouraged to submit their applications early to ensure completion within the PKPS window and take full advantage of the penalty waiver.

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