Stamp tax


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Stamp tax

Stamp Duty

A tax placed on legal documents upon transfer. For example, a stamp duty may be assessed on the deed to a house when it is sold before the deed can pass from the seller to the buyer. The term comes from the fact that governments used to place physical stamps on the legal documents as proof that the duty had been paid, but this practice is fairly uncommon now. Stamp duties are most common in some Commonwealth of Nations countries, such as Singapore and Australia, as well as in some U.S. states.
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Florida imposes a documentary stamp tax on transfers of real estate by deed at a rate of $.
Also available is a Florida's documentary stamp tax brochure, which reflects law changes that were made during the 2002 legislative session.
The documentary stamp tax revenue that secures the bonds is derived primarily from real estate activity, with additional revenues coming from other transactions such as car loans.
The stamp tax, which started to be collected in May, is imposed on transactions on the stock market by 1 per thousand, which is incurred by both seller and buyer as well as on loans, advances and credit facilities provided by banks.
dollar briefly fell into the lower 121 yen zone Wednesday in Tokyo, with investors cautious about a plunge in Chinese stocks triggered by a hike in China's stamp tax on securities trading.
2005), holding that a transfer of real estate from a parent transferor to its wholly owned transferee, absent any exchange of value, is not subject to the Florida documentary stamp tax on deeds.
The Department of Revenue has published a free brochure designed to help citizens understand the requirements of Florida's Documentary Stamp Tax Law.
In so doing, it ruled that although the gains tax bears some resemblance to a stamp tax, it is not a "stamp tax or similar tax" within the Bankruptcy Code.
Under the Tax Reform for Acceleration and Inclusion (TRAIN) Law, documentary stamp tax or tax imposed on documents and instruments had gone up.
11 and 12 prior to the issuance various revenue regulations on income tax, withholding tax, value added tax, excise tax on petroleum, excise tax on automobiles, excise tax on mineral products, excise tax on tobacco, excise tax on sweetened beverage, cosmetic procedures, estate and donor's tax, percentage tax, and documentary stamp tax as well as a revenue memorandum order (RMO) on the VAT refund system.
Just as the EGX awaited a decision on the stamp tax last week, the traders are now awaiting the decision of the Central Bank of Egypt's (CBE) Monetary Policy Committee (MPC) on Sunday.
The proposed tax is patterned after the special stamp tax on realty in Hong Kong and Singapore, two areas experiencing the largest realty price hike in recent year, unveiled in February and November this year, respectively.