The government also proposed a one-off windfall tax called Cukai Makmur, and higher stamp duty for stock trading on Bursa Malaysia, to raise its revenue. In addition, the government will remove the RM200 stamp duty cap and increase the stamp duty rate to 0.15% from 0.1% for stock trading. Higher cost to trade stocks in 2022For many years, Bursa Malaysia has experienced low retail participation in the stock market. “This is likely to be negative for stockbrokers in Malaysia and Bursa Malaysia,” she adds. However, he says the impact of higher stamp duty will be significant for high frequency and proprietary or “prop” traders.
