Malaysia-Forged Acknowledgment of Payment of Stamp Duty

Forged Acknowledgment of Payment of Stamp Duty






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Circular No 059/2014
Dated 18 Mar 2014
To Members of the Malaysian Bar
Forged Acknowledgment of Payment of Stamp Duty
We refer to Circular No 151/2012 dated 11 July 2012, Circular No 164/2012 dated 30 July 2012 and Circular No 179/2012 dated 14 Aug 2012. 
It has been brought to the attention of the Bar Council that:
(1) some Members of the Bar have been victims of forged stamps.   Stamp duty has allegedly been paid and documents stamped by means of forged digital franks or forged stamp certificates; and
(2) bank drafts purchased, and cheques issued, by law firms for the payment of stamp duty have been fraudulently misused by a third party.  For example, a bank draft purchased by Firm A had been used to pay for stamp duty for instruments presented for stamping by Firm B (Firm B had paid cash to its clerk to stamp its instruments).  
Members are advised to conduct an online verification of all stamp certificates and all impressions indicating the payment of stamp duty made by digital franking.  For more details on how to do so, kindly refer to Circular No 151/2012 dated 11 July 2012.

To reduce the risk of bank drafts or cheques being matched with cash payments, the Bar Council encourages its Members to follow the three-day guideline, whereby any bank drafts or cheques payable to the Inland Revenue Board ("IRB") should be presented to the IRB for payment of stamp duty within three working days of its issuance.

Please contact Chuah Ying Ying, Executive Officer, by telephone at 03-2050 2106, or by email at yingying@malaysianbar.org.my, should you have any enquiries.
Thank you.
Tony Woon Yeow Thong
Chairperson
Conveyancing Practice Committee
If you are a registered user of the Malaysian Bar website, you may click here to access this circular.


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