BERJAYA SOMPO INSURANCE

STAMP DUTY EXEMPTION ORDERS FOR CERTAIN INSURANCE POLICIES GAZETTED


Pursuant to Budget 2022 that was tabled by the Minister of Finance in October 2021, the following subsidiary legislations were gazetted in late December 2021 where stamp duty exemption is given to individuals and micro-enterprise or small and medium enterprises for the purchase of the following insurance policies, effective 1 January 2022:
 
Subsidiary Legislation Eligible Person Type of Insurance Value of the Annual Premium
Stamp Duty (Exemption) (No. 16) Order 2021 Individuals  
  • Fire Insurance;
  • Fire Business Interruption Insurance;
  • Personal Accident Insurance;
  • Travel Insurance;
  • Liability Insurance; and
  • Engineering Insurance.  
 Not exceeding RM150
Stamp Duty (Exemption) (No. 15) Order 2021 Micro-enterprise or small and medium enterprises (as may be determined by the National Entrepreneur and Small and Medium Enterprises Development Council) Not exceeding RM250
 
 
If you have paid the RM10 stamp duty for any of the exempted policies above, please provide the required details and the refund will be effected within 30 days of receipt of your complete information.

Please do not hesitate to email us at customer@bsompo.com.my if you need clarification.

 
CLICK HERE If You Are Eligible