stamp tax

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stamp tax,

method of collecting duties on certain transactions by means of a validating stamp attached to the taxable instrument, which may be a judicial act, a commercial document, a transfer of property, or law proceedings. Such a stamp is to be distinguished from a postage stamp, which is not a duty but a simple method of paying the government for a service rendered. Stamp taxes, apparently originating in the Netherlands, were introduced into England in 1694 and extended to the American colonies in 1765. Colonial opposition to stamp taxes contributed to the hostility against England that eventually resulted in the American Revolution. In the United States, stamp taxes, applying not only to legal and commercial acts but also to goods, were used to finance the Civil War and the Spanish-American War. Today the federal government imposes stamp taxes on the issue and transfer of stocks and bonds, on deeds, and on playing cards.


See J. Due, Government Finance (4th ed. 1968); J. W. Pyke, ed., An Alphabetical Guide to Stamp Duties (1968).

The Columbia Electronic Encyclopedia™ Copyright © 2013, Columbia University Press. Licensed from Columbia University Press. All rights reserved.
The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

Stamp Tax


a special government tax collected from individuals and organizations at the time of the official registration of documents concerning civil and legal transactions. The tax is collected through the sale of stamped blanks for drawing up documents or the sale of special stamps. It can be paid either as a set sum for each type of document (simple stamp tax) or in relation to the sum of the transaction decreed in the document (proportional stamp tax). The first stamp tax was introduced in the Netherlands in 1624. In Russia, a stamp tax was established by Peter I in 1699. In the Soviet Union, a stamp tax was collected after Feb. 16, 1922, and abolished by the tax reform of Oct. 1, 1930. A state tax is collected, however, when declarations are presented in juridical bodies.

The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.
References in periodicals archive ?
CMC recorded the deed and paid documentary stamp tax on the full value of the conveyance.
He pointed out that the market absorbed the impact of the stamp tax on the EGX.
The guarantee fund also benefits from limited ongoing state support through legislation that allows for drawing on a portion of future documentary stamp taxes allocated to the State Housing Trust Fund (SHTF).
As described in this article, the Crescent decision may result in the Florida documentary stamp tax applying to substantially fewer transfers of Florida real estate.
He said: "People need to weigh up their finances carefully and factor in stamp tax along with all the other bills such as electricity, gas and maintenance before they go house hunting.
When placing an order, request form number GT-800014, Documentary Stamp Tax Brochure.
6653 (failure to pay stamp tax), became subject to the Sec.
However, in a recent court decision, it was ruled that the gains tax imposed on the transfer of property was not a "stamp tax or similar tax" within the bankruptcy law and that the debtor is subject to the tax on the transfer of property.
'The largest gains were seen in tobacco excise, auto excise and documentary stamp tax collections.
Revenue Deputy Commissioner for Operations Arnel Guballa said applicants need not go to bank for the payment of registration fees as revenue collection officers are always available to accept all payments like registration and certification fees as well as payment for documentary stamp tax.
Mwilu was in August charged with abuse of office, failure to pay stamp tax, improperly obtaining Sh12 million from Imperial Bank, and obtaining security for a loan by false pretence.