QUOTE(stormer.lyn @ Dec 9 2024, 07:39 PM)
Let me get this straight.... You're saying that to back stamp the agreement will have to pay the stamping fee as well as a penalty, but the penalty is very small (how small?)
Why not just stamp it now and do things the proper way?
I cant do the link or share the screen shot due to restriction. Check out at LDHN website.
PENALTY
An instrument may be stamped within 30 days of its execution if executed within Malaysia or within 30 days after it has been first received in Malaysia, if it has been executed outside Malaysia.
If it is not stamped within the period stipulated, a penalty of
RM25.00 or 5% of the deficient duty, whichever is the greater, if stamped within 3 months after the time for stamping;
RM50.00 or 10% of the deficient duty, whichever is the greater, if stamped after 3 months but not later than 6 months after the time for stamping;
RM100.00 or 20% of the deficient duty, whichever is the greater, if stamped after 6 months from the time for stamping; may be imposed.
The above rates are effective from 1/1/2003
Some ppl just dont have time , some ppl just want to procastinate , some try to avoid record in LDHN 🫢, some just want to save the little money, etc
But one thing for sure, it can be stamp back dated with penalty.