PEMUNGUT DUTI SETEM v GTP Network Sdn Bhd

b-01ncvca-687-11-2024 Court of Appeal (Mahkamah Rayuan) 17 June 2026 • B-01(NCvC)(A)-687-11/2024 • 35 min read

9 cases cited (0 SG, 9 foreign)

Catchwords

Revenue Law – Stamp Duty – Asset Purchase Agreement – Telecommunication Towers – Conveyance on Sale – Ad Valorem Duty – Section 21(1), Stamp Act 1949 – Item 32(a), First Schedule – Whether agreement for sale of 16 telecommunication towers and associated assets constituted a “conveyance on sale” – Whether telecommunication towers were “goods, wares or merchandise” within statutory exception – Effect of future completion and transfer of legal title – Applicability of Havi Logistics (M) Sdn Bhd v Pemungut Duti Setem – Whether ad valorem duty chargeable notwithstanding further acts required for completion – Appeal allowed; High Court decision set aside; assessment under Item 32(a) upheld.

Practice Areas

Judges (3)

Lim Chong Fong Coram Mohd Firuz bin Jaffril Delivered Nadzarin bin Wok Nordin Coram

Counsel (7)

Lembaga Hasil Dalam Negeri (LHDN) Firm Shearn Delamore & Co. Firm Anand Raj Counsel Respondent Azleena binti Md Khairuddin Counsel Appellant Chantal Leann Barnabas Counsel Respondent Foong Pui Chi Counsel Respondent Marina binti Ibrahim Counsel Appellant

Parties (2)

GTP Network Sdn Bhd Respondent Pemungut Duti Setem Appellant

Statutes Cited

Banking and Financial Institutions Act 1989

s 2

Civil Law Act 1956

s 11

Stamp Act

s 21(1)

Stamp Act 1949 (Cap 378)

UK Stamp Act 1891

s 59

Cases Cited (9)

UK (1)

[1992] 3 All ER 737

MY (8)

[1976] 2 MLJ 188 [2005] 3 CLJ 1 [2005] 4 MLJ 589 [2008] 2 MLJ 348 [2010] 5 CLJ 109 [2012] 1 MLJ 825 [2022] 6 MLJ 45 [2025] 2 MLJ 845

Judgment

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Source: eJudgment (b-01ncvca-687-11-2024)