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Discontinuance of the use of adhesive stamps (revenue stamps) and postal franking machines from 1 January 2024
On 21 August 2023, the IRB announced that the use of adhesive stamps (revenue stamps) and postal franking machines as a method of stamping documents or agreements will be discontinued from 1 January 2024. Applications for the stamping and payment of stamp duty can be made through the Stamp Duty Assessment and Payment System (STAMPS) portal.
Duty payers are advised to use up their remaining revenue stamps by 31 December 2023, as no refunds will be provided for any unused stamps.
Mandatory use of e-Services
On 22 August 2023, the IRB announced that the use of e-Services through the MyTax portal will be made compulsory in stages, from 1 September 2023. The use of the e-Services is expected to be fully implemented by 1 January 2024. A list of the e-Services provided by the IRB is available via this link.