KUALA LUMPUR (Sept 1): The Entrepreneur Development and Cooperatives Ministry (MEDAC) via SME Corp Malaysia will provide stamp duty exemption for small and medium enterprises (SMEs) on any instruments executed for merger and acquisition (M&A) activities aimed at enhancing their capacity. "The stamp duty exemption on M&A instruments covers the costs of the contract or agreement for the sale or lease of property (including land, buildings, machines and equipment); transfer and memorandum of understanding; loan or financing agreement; and first lease agreement. It also aims to give opportunities to new business entities to gain knowledge and skills as well as qualified staff, besides reducing costs. Application forms can be downloaded via SME Corp. Malaysia’s website at www.smecorp.gov.my, and should be submitted by July 31, 2021. For enquiries, call the MEDAC hotline at 1-300-88-1020 or SME Corp. Malaysia at 1-300-30-6000 or email [email protected].

Source: The Edge Markets September 01, 2020 05:37 UTC