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The first series of revenue stamps have two distinctive design types with each stamp designating the tax 'duty'. Designs for denominations 1-cent through 20-cents were simple, bearing a portrait of George Washington, while stamps with denominations 25-cents through 1-dollar are larger and have a more elaborate design and also designate the tax duty in a lower banner.
Stamp duty is a tax that is levied on single property purchases or documents (including, historically, the majority of legal documents such as cheques, receipts, military commissions, marriage licences and land transactions). A physical revenue stamp had to be attached to or impressed upon the document to show that stamp duty had been paid ...
As an effort to raise money, 2500 sets of revenue stamps were sold to collectors by the Authority in 2012. [citation needed] Other types Entertainments 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.
Following self-government in 1959, the Inland Revenue Department was formed in 1960 when various revenues administered and collected by a number of separate agencies were brought together. When Singapore attained independence on 9 August 1965, substantial changes were made to the Income Tax Act, which came into effect on 1 January 1966.
History. 1892 Straits Settlements stamp. A postal service had been available in Singapore since the contemporary city was founded by Stamford Raffles in 1819. Postal services were first directly organised in Singapore in 1826, and from 1829 rectangular postmarks began to be used on local correspondence.
An 1898 £1 revenue stamp of Western Australia Revenue stamps on smuggled tobacco seized by the British tax authorities.. A revenue stamp, tax stamp, duty stamp or fiscal stamp is a (usually) adhesive label used to designate collected taxes or fees on documents, tobacco, alcoholic drinks, drugs and medicines, playing cards, hunting licenses, firearm registration, and many other things.
The cancellations used were B/109 at Malacca, B/147 at Penang, and B/172 at Singapore. 1883 Straits Settlements 4c stamp. First stamps 1892 "key plate" stamp of Straits Settlements. When the Settlements became a crown colony in 1867, they began issuing their own stamps, not least because they adopted a currency based on 96 cents to a silver dollar.
Contents. List of most expensive philatelic items. This is a list of the highest known prices paid for philatelic items, including stamps and covers. The current record price for a single stamp is US$ 9,480,000 paid for the British Guiana 1c magenta. [1] [2] This list is ordered by consumer price index inflation-adjusted value (in bold) in ...