2026 Budget: SMEs, microbusinesses to benefit from stamp duty relief, RM1bil digital financing

KUALA LUMPUR: The government will raise the salary threshold for employment contracts exempted from stamp duty — from RM300 to RM3,000 per month — effective Jan 1, 2026.

The move, announced under the 2026 Budget by Prime Minister Datuk Seri Anwar Ibrahim in Parliament, aims to further ease the cost of doing business by reducing administrative costs for employers and providing greater relief to small and medium enterprises (SMEs) and microbusinesses.

In line with efforts to boost business efficiency, development financial institutions (DFIs) will also provide nearly RM1 billion in financing and grants to support business process automation and digital operations.

The Malaysian Communications and Multimedia Commission (MCMC) will meanwhile allocate RM350 million to strengthen its National Information Dissemination Centres (NADI) nationwide, including mentoring rural entrepreneurs to increase their income through online businesses.

New Straits Times. (2025, October). 2026 Budget: SMEs, microbusinesses to benefit from stamp duty relief, RM1bil digital financing https://www.nst.com.my/news/nation/2025/10/1291643/2026-budget-smes-microbusinesses-benefit-stamp-duty-relief-rm1bil

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