The Inland Revenue Board of Malaysia (IRBM) has published updated guidelines on the stamp duty relief for the transfer of assets between qualifying associated companies, including the conditions for the relief and the application procedure. Some of the main conditions for the relief include:
- The transferor and transferee company are associated for the purpose of the relief, meaning:
- the transferor or transferee holds at least 90% of the other company's issued share capital; or
- the issued sh…