Is PERINTAH DUTI SETEM (PENGECUALIAN) (NO.16) 2021 still in force?

Yes — PERINTAH DUTI SETEM (PENGECUALIAN) (NO.16) 2021 is currently in force.

When did PERINTAH DUTI SETEM (PENGECUALIAN) (NO.16) 2021 take effect?

PERINTAH DUTI SETEM (PENGECUALIAN) (NO.16) 2021 was first recorded in 2021.

How many sections does PERINTAH DUTI SETEM (PENGECUALIAN) (NO.16) 2021 have?

PERINTAH DUTI SETEM (PENGECUALIAN) (NO.16) 2021 contains 2 sections.

Where can I read the official version of PERINTAH DUTI SETEM (PENGECUALIAN) (NO.16) 2021?

The official text of PERINTAH DUTI SETEM (PENGECUALIAN) (NO.16) 2021 is published at lom.agc.gov.my.

/akn/my/act/pua/2021/465

PERINTAH DUTI SETEM (PENGECUALIAN) (NO.16) 2021

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Type: P.U. (A)
Status: In force
Enacted: 2021
Sections: 2

Quick answer

About this p.u. (a)

PERINTAH DUTI SETEM (PENGECUALIAN) (NO.16) 2021 is Malaysia P.U. (A), cited as P.U. (A) 465 2021, currently marked in force and first recorded in 2021.

Opening note

Preamble

PADA menjalankan kuasa yang diberikan oleh subseksyen 80(1) Akta Setem 1949 [Akta 378], Menteri membuat perintah yang berikut: Nama dan permulaan kuat kuasa

Seksyen 1

(1)

Perintah ini bolehlah dinamakan Perintah Duti Setem (Pengecualian)

(No. 16) 2021.

(2)

Perintah ini mula berkuat kuasa pada 1 Januari 2022.

Pengecualian

Seksyen 2

(1)

Mana-mana polisi insurans atau sijil takaful bagi produk yang dikeluarkan oleh penanggung insurans berlesen atau pengendali takaful berlesen kepada individu dengan nilai premium atau sumbangan takaful tahunan yang tidak melebihi satu ratus lima puluh ringgit dikecualikan daripada duti setem.

(2)

Pengecualian yang disebut dalam subperenggan (1) hendaklah terpakai bagi mana-mana polisi insurans atau sijil takaful yang dikeluarkan pada atau selepas 1 Januari 2022 tetapi tidak lewat daripada 31 Disember 2025.

(3)

Bagi maksud perenggan ini—

(a)

“penanggung insurans berlesen” mempunyai erti yang sama yang diberikan kepadanya dalam subseksyen 2(1) Akta Perkhidmatan

Kewangan 2013 [Akta 758];

(b)

“pengendali takaful berlesen” mempunyai erti yang sama yang diberikan kepadanya dalam subseksyen 2(1) Akta Perkhidmatan

Kewangan Islam 2013 [Akta 759]; dan

(c)

sebutan tentang produk dalam subperenggan (1) adalah sebutan

P.U. (A) 465 3

tentang produk insurans atau takaful yang telah diluluskan oleh

Bank Negara Malaysia untuk ditawarkan oleh penanggung insurans berlesen atau pengendali takaful berlesen seperti berikut:

(i)

insurans atau takaful kebakaran;

(ii)

insurans atau takaful gangguan perniagaan akibat kebakaran;

(iii)

insurans atau takaful kemalangan diri;

(iv)

insurans atau takaful perjalanan;

(v)

insurans atau takaful liabiliti;

(vi)

insurans atau takaful kejuruteraan.

Dibuat 21 Disember 2021

[MOF.TAX(S)700-1/3/11Jld.3; LHDN.AY.A.600-12/1/7(29)-164; PN(PU2)159/Jld.35]

TENGKU DATUK SERI UTAMA ZAFRUL BIN TENGKU ABDUL AZIZ

Menteri Kewangan

P.U. (A) 465 4

STAMP ACT 1949

STAMP DUTY (EXEMPTION) (NO.16) ORDER 2021

Opening note

Preamble

IN exercise of the powers conferred by subsection 80(1) of the Stamp Act 1949 [Act 378], the Minister makes the following order: Citation and commencement 1.

(1)

This order may be cited as the Stamp Duty (Exemption) (No.16)

Order 2021.

(2)

This Order comes into operation on 1 January 2022.

Exemption 2.

(1)

Any insurance policies or takaful certificates for product issued by a licensed insurer or a licensed takaful operator to an individual with an annual premium or takaful contribution not exceeding one hundred fifty ringgit are exempted from stamp duty.

(2)

The exemption referred to in subparagraph (1) shall apply to any insurance policies or takaful certificates issued on or after 1 January 2022 but not later than 31 December 2025.

(3)

For the purposes of this paragraph —

(a)

“licensed insurer” has the same meaning assigned to it in subsection 2(1) of the Financial Services Act 2013 [Act 758];

(b)

“licensed takaful operator” has the same meaning assigned to it in subsection 2(1) of the Islamic Financial Services Act 2013 [Act 759];

and

(c)

a reference to products in subparagraph (1) shall be a reference to

P.U. (A) 465 5

insurance or takaful products which have been approved by the

Central Bank of Malaysia to be offered by a licensed insurer or takaful operator as follows:

(i)

fire insurance or takaful;

(ii)

fire business interruption insurance or takaful;

(iii)

personal accident insurance or takaful;

(iv)

travel insurance or takaful;

(v)

liability insurance or takaful;

(vi)

engineering insurance or takaful.

Made 21 December 2021

[MOF.TAX(S)700-1/3/11Jld.3; LHDN.AY.A.600-12/1/7(29)-164; PN(PU2)159/Jld.35]

TENGKU DATUK SERI UTAMA ZAFRUL BIN TENGKU ABDUL AZIZ

Minister of Finance

Common questions

What is PERINTAH DUTI SETEM (PENGECUALIAN) (NO.16) 2021?: PERINTAH DUTI SETEM (PENGECUALIAN) (NO.16) 2021 is Malaysia P.U. (A), cited as P.U. (A) 465 2021, currently marked in force and first recorded in 2021.
Is PERINTAH DUTI SETEM (PENGECUALIAN) (NO.16) 2021 still in force?: Yes — PERINTAH DUTI SETEM (PENGECUALIAN) (NO.16) 2021 is currently in force.
When did PERINTAH DUTI SETEM (PENGECUALIAN) (NO.16) 2021 take effect?: PERINTAH DUTI SETEM (PENGECUALIAN) (NO.16) 2021 was first recorded in 2021.
How many sections does PERINTAH DUTI SETEM (PENGECUALIAN) (NO.16) 2021 have?: PERINTAH DUTI SETEM (PENGECUALIAN) (NO.16) 2021 contains 2 sections.
Where can I read the official version of PERINTAH DUTI SETEM (PENGECUALIAN) (NO.16) 2021?: The official text of PERINTAH DUTI SETEM (PENGECUALIAN) (NO.16) 2021 is published at lom.agc.gov.my.