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Malaysia issued its first general duty revenue stamps in 1975, inscribed Hasil Malaysia (Revenue Malaysia) and depicting the country's coat of arms. Three values of $25, $100 and $250 were issued. In 1982, the coat of arms was changed slightly so the set was reissued with the new version. This time $500 and $1000 values were added.
Singapore also issued various entertainments duty stamps to pay the tax on cinema tickets between 1955 and 1965. Singapore left Malaysia in 1965 and continued to issue its own revenue stamps independently until they were withdrawn in 1999.
Toggle Customs Duty subsection. ... 1869 - Revenue stamps of Malaysia; Foreign Office ... 1948-c.1990 - Revenue stamps of Singapore; Somalia, 1943-1990s;
The same applied at state level where each state in Malaysia were led by a Director of Customs. In addition, the department also had a station in Singapore administered by a Federation Customs Tax Collector. In 1983, history was made when, for the first time ever, the Royal Malaysian Customs and Excise Department celebrated World Customs Day.
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.
Singapore issued several stamps to pay the tax on theatre and cinema tickets. The first series was issued from 1955 to 1965 and they bore the symbol of the Straits Settlements. Various surcharges on these were issued until the 1970s. Two other types showing the new coat of arms were issued in 1971 and 1976 as well.
The Budget in 2017 abolished stamp duty for first-time home buyers in England and Wales purchasing homes up to £300,000, saving first-time buyers up to £5,000. Additionally, first-time buyers spending up to £500,000 will only pay stamp duty at 5% on the amount in excess of £300,000. Those spending over £500,000 will pay full stamp duty. [17]
The Singapore Customs is a law enforcement government agency under the Ministry of Finance of the Government of Singapore. Singapore Customs was reconstituted on 1 April 2003, after the Customs and Excise Department and the Trade Facilitation Division and Statistics Audit Unit of International Enterprise Singapore (IE Singapore) were merged. [ 1 ]