Are the Copies of Papers Prepared More Than One Subject to Stamp Tax?

19.08.2017

The first sub clause of the first clause of article 5 of the Stamp Tax Law numbered 488 has been amended as “If a paper prepared more than one copy is subject to fixed tax, each copy is subject to stamp tax. If a paper prepared more than one copy is subject to proportional tax, only one of its copy is subject to stamp tax” with article 23 of the law numbered 6728 enacted 09.08.2016.

Before the amendment of the law, the copies of papers (subject to either fixed tax or proportional tax) were separately subject to both proportional tax and stamp tax.

In accordance with the amendment, if the taxable event occurs after the effective date (09.08.2016), only one copy of the paper prepared more than one copy and being subject to proportional tax will be subject to stamp tax.

For the papers being subject to fixed tax, each copy will be subject to tax.

Source: Stamp Tax Law