STAMP DUTY EXEMPTION ORDERS CERTAIN INSURANCE POLICIES GAZETTED
With reference to the Stamp Duty (Exemption) (No. 15) and (No. 16) Order 2021 that came into effect on 1 January 2022 where stamp duty exemption is given to individuals and micro-enterprise or small and medium enterprises for the purchase of the following insurance policies:
Eligible Person | Type of Insurance | Value of the Annual Premium |
Individuals |
| Not Exceeding RM150 |
Micro enterprise or small and medium enterprises | Not Exceeding RM250 |
If you have paid the RM10 stamp duty for any of the exempted policies above, please provide your bank account details to us within fourteen (14) days from this letter. Failure to do so will result in the transfer of the said amount to unclaimed money. Please follow the steps below to proceed with the refund :-
- Download and fill up the form here.
- Enclose the top portion of your bank statement/banking passbook displaying your name and bank account details. Berjaya Sompo will perform the necessary validation using the information provided to process the refund.
- Submit the form and bank details to stampduty_refund@bsompo.com.my
For micro enterprise or small and medium enterprises, please fill up the declaration form here and provide the following supporting documents to be eligible for the stamp duty refund.
- Audited Financial Statement or SSM Company Profile as proof of annual sales turnover OR
- KWSP Form A as proof of number of employees.
Please do not hesitate to email us at customer@bsompo.com.my if you need clarification.