BUSINESS

Complications arising from new stamp duty rules

Business, Lawalliance Limited Company, Published on 26/07/2016

» While stamp duty is a type of nuisance tax that tends to be forgotten, failing to comply with its requirements could have distressing consequences. An instrument that is not properly affixed with stamp duty may be subject to surcharges that could climb as high as 600% of the original duty. As well, it could be prohibited from being used as evidence in a court of law.