What is Stamp Duty?
The term Stamp Duty is used to denote the tax on certain instruments such as insurance policies, stock/share certificates, bank drafts and cheques.
Why is it call stamp duty?
The term “Stamp Duty” was first introduced in England in the year 1694 when a duty was imposed on all instruments which required a seal. Originally, this tax was for revenue purposes only but in 1712, it became a source of cash for King George
Which Countries have Stamp Duty
Stamp duty is used in a number of countries such as Singapore, Morocco, Italy, Belgium and England.