We will ensure the extent to which the company complies with the regulations on stamp tax and advise the company. Review the contracts concluded by the company and assess its compliance with the Stamp Tax Law and its regulations Defend the company in internal committees, appeal committees and before the courts when necessary.
Stamp Tax: A stamp tax, also known as stamp duty, is a government-imposed levy on specific documents or transactions.
How it Works
- Taxable Documents: Governments typically impose stamp taxes on documents related to property transfers, financial instruments, contracts, and other legal agreements.
- Calculation: The tax amount is usually based on the value of the transaction or the document itself.
- Purpose: Revenue generation is the primary goal, but stamp taxes can also serve as a regulatory tool to track certain transactions.
Common Examples
- Property Transactions: Stamp taxes are frequently levied on the purchase of real estate, with the amount varying based on the property’s value.
- Financial Instruments: Stock transfers, bond issues, and other financial transactions often incur stamp duties.
- Legal Contracts: Some contracts, such as loan agreements or insurance policies, might be subject to stamp taxes.