The Stamp Duties Act was amended in the last quarter of 2018 and gives legislative effect to various categories of changes.
These include the levying of stamp duty on electronic instruments that effect a transaction relating to immovable properties and shares, providing stamp duty relief for an instrument that attracts additional conveyance duty on conversion of a firm to a limited liability partnership, and the recovery of interest from taxpayers who fail to comply with the conditions in respect of upfront stamp duty reduction or remission that had been granted to them.
