Exemption of Stamp Duty for Instruments Relating to Mergers or Acquisitions of SMEs Extended

The Stamp Duty (Exemption) (No. 18) Order 2021 [P.U.(A) 502/2021] (“E.O. 18/2021”) which exempts from stamp duty specified instruments relating to mergers or acquisitions executed by small and medium enterprises (“SMEs”) was gazetted on 31 December 2021 and is deemed to have come into operation on 1 July 2021.

E.O. 18/2021 exempts from stamp duty the following “instruments in…