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Stamp duty
 

 

Various deeds and documents have to bear a stamp, often impressed, indicating that the duty payable to the State to validate the item has been paid. Stamp duty is payable on transfers of stocks and shares, with the exception of government; stocks and certain overseas securities, and on a variety of documents ranging from the filing of a company’s annual return to e granting of a power of attorney. The duty payable may be fixed, as with a change of business name, or ad valorem, as with the transfer of shares in a public company. The government obtains considerable revenue from stamp duties.

 

Reference: The Penguin Business Dictionary, 3rd edt.