Stamping agreements is a legal requirement in Malaysia. It is a process that authenticates a document and makes it legally binding. When you create an agreement, especially those related to property, it is essential to understand how to get the document stamped. In this article, we will cover the process of stamping agreements in Malaysia.

Step 1: Determine the type of agreement

The first step is to identify the type of agreement that you are looking to get stamped. Agreements related to property, employment, and other legal matters require stamping.

Step 2: Calculate the stamp duty

Once you have identified the type of agreement, the next step is to calculate the stamp duty. The stamp duty is a tax that is levied on certain legal documents in Malaysia. The amount of stamp duty varies depending on the value and nature of the agreement. You can calculate the stamp duty using the Stamp Duty Calculator provided by the Inland Revenue Board of Malaysia (IRB).

Step 3: Purchase the stamp

After you have calculated the stamp duty, the next step is to purchase the stamp. You can either buy the stamp from the IRB or from licensed stamp vendors. The stamp is affixed to the document, and the amount of stamp duty paid is indicated on the stamp.

Step 4: Get the document stamped

The final step is to get the document stamped. You can do this by taking the document along with the purchased stamp to the nearest Stamp Office. The staff at the Stamp Office will verify the authenticity of the stamp and the payment of the stamp duty. Once they are satisfied, they will stamp the document, indicating that it has been legally stamped.

In conclusion, stamping agreements is an essential requirement in Malaysia. It is a process that ensures the legal validity of a document. To stamp an agreement, you need to identify the type of agreement, calculate the stamp duty, purchase the stamp, and get the document stamped at the nearest Stamp Office. By following these steps, you can ensure that your document is legally valid and binding.