Stamp Duty Changes

ByWTA

Stamp Duty Changes

With effect from 1 October 2016, stamp duty is reduced as follows:
1. Share transfer- from 0.3 percent to 0.1 percent
2. Loan agreement- from 1.5 percent to 0.5 percent
3. Lease agreement for more than 3 years- 3 percent to 2 percent of average annual rent
4. Transfer deed of immovable property- 3+2 = 5 percent to 2+2= 4 percent. Please see the following.

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