Special Voluntary Disclosure Programme (SVDP) for Stamp Duty Extended to 31 December 2026
- 2 days ago
- 1 min read
Updated: 15 hours ago
IRBM has extended the Stamp Duty SVDP to 31 December 2026, allowing taxpayers more time to regularise unstamped instruments and enjoy a 100% waiver of late stamping penalties. To qualify, both the stamping process and payment of the applicable stamp duty must be completed by 31 December 2026.
The key conditions of the programme remain unchanged:
Eligible instruments: Documents executed between 1 January 2023 and 31 December 2025.
Deadline: Stamping and payment of stamp duty must be completed by 31 December 2026.
Automatic penalty remission: The waiver of late stamping penalties is granted automatically upon payment of the stamp duty—no separate appeal is required.
No fraud cases: The SVDP does not apply to cases involving fraud or deliberate misrepresentation.
Audit concession: Instruments executed during the eligible period and regularised under the SVDP will not be selected for audit.
Limited scope: The SVDP does not prevent IRBM from auditing instruments executed outside the eligible period.
Commentary: Businesses should take advantage of this extended window to review agreements executed between 2023 and 2025 and regularise any unstamped instruments before the deadline. This can significantly reduce future compliance risks under the new Stamp Duty Self-Assessment System (SDSAS).
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