Stamp duty

Businessman and wooden blocks with the word Stamp duty and house

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.