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A stamp act is any legislation that requires a tax to be paid on the transfer of certain documents. Those who pay the tax receive an official stamp on their documents, making them legal documents.
Stamp duty (meterai) is in use in Indonesia on a variety of legal documents. It continues to be necessary to stamp a document which is used to describe a civil instance or as evidence in court according to Law No. 10/2020 on Stamp Duty (UU No. 10 Tahun 2020 Tentang Bea Meterai). Electronic stamp duty from Indonesia
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Stamp duty is levied in the UK on the purchase of shares and securities, the issue of bearer instruments, and certain partnership transactions. Its modern derivatives, stamp duty reserve tax and stamp duty land tax, are respectively charged on transactions involving securities and land. Stamp duty has the effect of discouraging speculative ...
Impressed duty stamp for 11s/3d, circa 1907. Western Australia also had many impressed duty stamps. They started in 1881 and were initially colourless, with the embossing just leaving an impression on the document. Colourless embossed duty stamps remained in use for many years, and in the 1960s similar imprints denominated in cents were used.
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The first revenue stamps in the United States were used briefly during colonial times, among the most notable usage involved the Stamp Act.Long after independence, the first revenue stamps printed by the United States government were issued in the midst of the American Civil War, prompted by the urgent need to raise revenue to pay for the great costs it incurred.
The Stamp Act says we shall have no commerce, make no exchange of property with each other, neither purchase nor grant, nor recover debts; we shall neither marry nor make our wills, unless we pay such and such sums; and thus it is intended to extort our money from us or ruin us by the consequence of refusing to pay it." [47]