Section Code: 0103

Revenue Code
Stamp Duty

Chapter VI

Section 103

In this Chapter, unless the context otherwise requires:

  • "Instrument" means any document liable to duty under this Chapter.
  • "Paper" includes parchment or any other material used for writing an instrument.
  • "Stamp" means an adhesive stamp or a stamp impressed on paper, and the latter shall also include a stamp printed on paper as prescribed by a ministerial regulation.
  • "Execute" when used with respect to an instrument, means giving a signature in accordance with the provisions of the Civil and Commercial Code.
  • "Stamped" means affixing an adhesive stamp on a paper or having a stamp impressed on a paper.
  • "Cancelled" means an act to prevent further use of a stamp by; in the case of an adhesive stamp, giving a signature or a firm’s name on the stamp, or crossing the stamp for cancellation as well as giving the date of such acts; and in the case of an impressed stamp, writing on an instrument or submitting an instrument to an official to impress the stamp such that the impressed stamp appears on the front side of such instrument.
  • "Duty stamped" means
    • in the case of an adhesive stamp, payment of duty is made by affixing a stamp on the paper, before or immediately when an instrument is executed, in an amount not less than the duty payable, and canceling such stamp; or
    • in the case of an impressed stamp, payment of duty is made by using a paper with an impressed stamp in an amount not less than the duty payable and canceling such stamp, or by submitting an instrument to an official to impress the stamp and paying an amount not less than the duty payable and canceling such stamp; or
    • in the case of payment by cash, payment of duty is made in cash in an amount not less than the duty payable in accordance with the provisions of this Chapter or in accordance with a regulation prescribed by the Director-General with the Minister’s approval. In stamping duty as prescribed under (1) and (2), the Director-General shall have the power to order the compliance in accordance with (3) instead.
  • "Receipt" means
    • (a) any note or writing shown as evidence that money or a bill has been received, deposited or paid; or
    • (b) any note or writing shown as evidence that a debt or debt-claim has been settled or discharged. It is not important whether or not the above mentioned note or writing has a signature of any person.
  • "Official" means an official appointed by the Minister.
  • "Inspector" means an official appointed by the Minister.

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