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A beer duty stamp from 1892. The first beer duty stamps were issued for beer in kegs in 1880, and like issues for the other Australian states, most were damaged or destroyed in use so most existing examples are in mint condition. The second issue was in 1881, and stamps in similar designs for use on kegs or bottles were issued until 1906.
Stamp duty was formerly a graduated progressive tax with the more expensive the house bought the greater the stamp duty rate. The top rate slowly increased from 0.5% in 1882 to 3% in 1947, 5% in 1973, 6% in 1975, reaching its peak at 9% in 1997. [ 7 ]
In India states earn revenue through own taxes, central taxes, non-taxes and central grants. [1] For most states, own taxes form the largest part of the total state revenue. [1] Taxes as per the state list includes land revenue, taxes on agricultural income, electricity duty, luxury tax, entertainment tax and stamp duty. [2]
The Goods and Services Tax is a value-added tax of 10% on most goods and services sold in Australia. It was introduced by the Howard Government on 1 July 2000, replacing the previous federal wholesale sales tax system and designed to phase out the various state and territory taxes such as banking taxes, stamp duty and land value tax. While this ...
The Postage Act 1883 made postage, duty, and fee stamps interchangeable, and as a result, the government decided to issue only one type of stamp subsequently. More types of duty stamp dies were available than any other, so from that point new issues were all inscribed "STAMP DUTY".
revenue collection for Victoria, including stamp duty, payroll tax, financial institutions duty and land tax; borrowing, investment and financial arrangements to hedge, protect or manage the State's financial interests; promoting economic growth across Victoria; and
The Indian Stamp Act of 1899 (2 of 1899), is an in-force Act of the Government of India for the charging of stamp duty on instruments recording transactions. [ 1 ] A India Rs. 2 stamped paper charged under the act in 1952
The term is often used to describe a tax on certain items purchased abroad. [1] A duty is levied on specific commodities, financial transactions, estates, etc. rather than being a direct imposition on individuals or corporations such income or property taxes. Examples include customs duty, excise duty, stamp duty, estate duty, and gift duty.