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Stamp Tax

   Also found in: Dictionary/thesaurus, Financial, Encyclopedia, Wikipedia 0.01 sec.

A pecuniary charge imposed upon certain transactions.

A stamp tax is, for example, levied when ownership of real property is transferred. The tax is paid either by purchasing stamps that are then glued to the deed or by the use of metering machines that imprint the stamps on the deed.



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From the second year, the government will scrap stamp tax, entertainment tax, and commodity tax on electrical appliances, beverages, glass panels, and rubber tires, in addition to subsidizing passengers of mass-transportation systems.
Stamp tax on property purchases and value-added tax of land on property sales was lifted from November 2008 and minimum deposits for first-time home buyers was also slashed.
Stamp tax on property purchases and value-added tax of land on property sales was lifted from November 2008 and minimum deposits for first-time home buyers was also slashed.
 
 
 
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