Stamp duty is the tax placed on legal documents, usually in the transfer of assets or property
These legal instruments subjec to to stamp duty include:
For a full list see schedule 1 to the Stamp duty Act
For a full list see section 4 of the Stamp Duty Act
Applicable to natural persons:
| Amount (NAD) | Rate |
|---|---|
| 0 to 600,000 | Exempt |
| Above 600,000 but not more than 1,000,000 | 1% of the value above 600,000 |
| Above 1,000,000 but more than 2,000,000 | 4 000 plus 5% of the value above 1,000,000 |
| Above 2 000 000 | 54,000 plus 8% of the value above 2,000, 000 |
All other persons, not natural persons, pay transfer duty at a rate of 12%
To consolidate and adjust the law relating to stamp duties.
Stamp Duties Act 15 of 1993Regulations concerning the Demonetization and Withdrawal of a Particular Issue of Stamps
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