21 February 2013

The Stamp Duties (Amendment) Act 2013, first published on 19 February 2013, was passed by Parliament on 14 January 2013 and assented to by the President on 13 February 2013.

With the exception of section 2, which is deemed to have come into operation on 1 April 2010, the effective dates of the provisions will be specified by the Minister by way of Notification in the Gazette.

The Act puts into effect the enhancement of the stamp duty concession under the Mergers and Acquisitions (M&A) Scheme announced in the Budget 2012, as well as changes arising from the periodic review of the stamp duty tax system to improve legislative clarity or stamp duty administration.

Source: Government Gazette and Ministry of Finance