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Malaysia issued its first general duty revenue stamps in 1975, inscribed Hasil Malaysia (Revenue Malaysia) and depicting the country's coat of arms. Three values of $25, $100 and $250 were issued. In 1982, the coat of arms was changed slightly so the set was reissued with the new version. This time $500 and $1000 values were added.
Stamp duty was formerly a graduated progressive tax with the more expensive the house bought the greater the stamp duty rate. The top rate slowly increased from 0.5% in 1882 to 3% in 1947, 5% in 1973, 6% in 1975, reaching its peak at 9% in 1997. [ 7 ]
Stamp duty exemption for transfer of property limited to the first RM1 million of home price. [8] Stamp duty exemption for loan agreements for purchase of home between RM300,000 and RM2.5 million effective for sales and purchase agreements signed from 1 June 2020 to 31 May 2021.
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The United States Postal Service (USPS) announced Friday it might increase stamp prices in 2024 for the second year in a row, citing pressures from inflation. If approved by the Postal Regulatory ...
14 September: 100th Anniversary of Malaysia Agriculture, Horticulture & Agro Tourism (MAHA) 16 September: Malaysia Day; 9 October: 150 Years of the Universal Postal Union (UPU) - World Post Day 2024; 10 November: Iconic Birds of Malaysia - Hornbill; 5 December: Stamp Week 2024
The proposition was based on the annual increase of import tax. Until the year 1932, Customs Tariff had already encompassed a majority of goods and preferential duty had to be created for goods coming from the British empire. The heavy reliance on import duty as a source of revenue for the Federated Malay States led Sir Cecil to opine:
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