Stamp Tax


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Stamp Tax

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.

References in periodicals archive ?
A stamp tax is paid by everyone - residents and non-residents, individuals and institutional investors - on every transfer of ownership of a security issued by the state or an institution in the state.
02 in 2009 to apply the Florida documentary stamp tax to the sale of ownership interests in an entity that owns Florida real property where such real property was conveyed to the entity within three years of sale.
On Tuesday, it was reported that China was planning to triple its stamp tax on securities trading from 0.
Florida law allows persons who average less than five taxable documentary stamp tax transactions per month to remit tax by the 20th of the month following the taxable transaction.
Not only did federal lawmakers do away with the tax on cosmetics, leather goods, furs and jewelry, they eliminated numerous other excise taxes, including the stamp tax on playing cards.
31%) of collections of the state documentary stamp tax, which is levied primarily on real estate transfers, after payment of an 8% general fund administrative fee and $10 million in collection/enforcement fees.
In January, the BIR already issued the RRs for the increase in excise taxes on minerals, cigarettes, and vehicles as well as documentary stamp tax rates under the TRAIN Law.
The law made several amendments to the National Internal Revenue Code of 1997 (Tax Code), specifically on personal-income taxation, passive income, estate tax, donor's tax, value-added tax, excise tax and documentary stamp tax.
In June, the Egyptian government applied the stamp tax on EGX transactions.
The government is reconsidering the stamp tax imposed on transactions in the stock exchange, the Minister of Investment, Osama Saleh said today.
The energy tax will generate extra tax income of NT$80-90 billion a year, which will be used in tax reduction entirely, including raising the tax exemption amount for personal income tax, elimination of commodity tax for electric appliances and some other products, cancellation of stamp tax for entertainment, energy subsidy for low-income families, and subsidy for mass transportation system.
Ten years ago, the Treasury received pounds 45m revenue from the stamp tax paid by home buyers in the North West, but that figure has now shot up to pounds 330m.