Multiple choice

Which of the following taxes is levied on documents?

  1. Service tax

  2. Corporate tax

  3. Tollway

  4. Estate tax

  5. Stamp duty

Reveal answer Fill a bubble to check yourself
E Correct answer
Explanation

It is correct. Stamp duty is a tax that is levied on documents. Historically, this included the majority of legal documents such as cheques, receipts, military commissions, marriage licences, and land transactions.