Revenue Stamp Accounting Definition

What does revenue stamp mean.

Revenue stamp accounting definition. An adhesive label that is attached to an item to indicate that government tax has been. Typically businesses purchase the stamps from the government and attach them to taxed items as part of putting the items on sale or in the case of documents as part of filling out the form. Information and translations of revenue stamp in the most comprehensive dictionary definitions resource on the web. Revenue stamp definition a stamp showing that a governmental tax has been paid.

Stamp duty is the tax governments place on legal documents usually in the transfer of assets or property. Stamps affixed to deeds and some other real estate documents as evidence of payment of the appropriate recording or transfer taxes. A revenue stamp tax stamp duty stamp or fiscal stamp is a adhesive label used to collect taxes or fees on documents tobacco alcoholic drinks drugs and medicines playing cards hunting licenses firearm registration and many other things. Revenue stamp definition is a stamp as on a cigar box for use as evidence of payment of a tax.

Revenue stamps often look very similar to.