Welcome to Quantity Surveying and Construction Procurement

Assalamualaikum and dear all,

This blog compliments teaching and learning for courses that I facilitate at the International Islamic University Malaysia (IIUM). The contents serve to further 'connect' students to the 'real world' (quantity surveying, construction procurement and others). In trying to provide current information to students, I will be quoting or reproducing works of others and for this I am grateful. I will indicate clearly the source(s). I hope I will not offend anyone; and many will frequent this blog and benefit from its contents.

Thank you and wassalam.

Prof. Sr. Dr. Khairuddin Abdul Rashid

Tuesday, September 8, 2009

Stamp duty on contracts

Salam and dear all, The Malaysian Government has recently imposed ad valorem stamp duty of 0.5% for second-tier private as well as Government contracts. Previously the stamp duty was RM10 per document. This new move by the government would add costs to parties to a contract: contractors, consultants and developers. Already a contractor is having to pay the CIDB's levy of 0.125% of a construction contract and this levy is priced by the contractor usually in the preliminaries section of the contract. Students, pay attention to this new ruling and incorporate them into your estimating courses. Wassalam. http://www.treasury.gov.my http://thestar.com.my
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