Malaysia legislation
Section 28
of MEASURES FOR THE COLLECTION, ADMINISTRATION AND ENFORCEMENT OF TAX ACT 2024
Section 28
New sections 35a and 35b
The principal Act is amended by inserting before section 36
the following sections:
“Return 35a. (1) Every person, other than an authorized person under section 9, shall furnish to the Collector a return in the prescribed form together with an instrument which is executed and chargeable with duty by an electronic medium in accordance with section 77a.
(2)
For the purposes of this section, a return for a year of assessment shall—
(a)
specify the description of instrument and the amount of duty with which the instrument is chargeable;
and
(b)
contain such particulars as may be required by the Collector.
Act 863
Duty to keep record 35b.
Where an instrument is chargeable with duty, the person who is liable to pay the duty chargeable on such instrument shall keep the instrument and all relevant documents in connection with such instrument for a period of seven years from the date the duty is paid for the purpose of ascertaining that the proper amount of stamp duty has been paid on the instrument.”.
Amendment of section 36