What Is Stamp Tax?

What is Stamp Tax?

Stamp tax is regulated under the Stamp Tax Law numbered 488 ("Law"). The conditions under which this tax is deemed to have arisen are regulated under Article 1 of the Law. Pursuant to the relevant provision, it is stated in the table numbered (1) attached to the said Law which papers are subject to stamp tax at which rate or amount. In the table numbered (2) annexed to the Law, the papers exempt from stamp tax are stated. The term "papers" stated under the Law refers to the documents that are issued by writing and signing or putting a signature or a mark substitute for a signature and that can be submitted to prove or determine any matter, and the documents created in magnetic media and electronic data form by using electronic signature.