||Hong Kong.<br>0% where it is incorporated outside Hong Kong and<br>maintains its share register outside Hong Kong<br>||||
|---|---|---|---|---|
|**Indonesia**|**Stamp Duty Rate (effective 1 May 2000):**<br>1. Contract and other documents for legal purpose,<br>common letter for court purpose, deeds and their<br>copies = Rp 6,000.<br>2. Documents that contain amount of money,<br>promissory notes, and acceptance letters:<br>Less than Rp 250,000=0<br>Rp 250,000-Rp 1,000,000=Rp3,000<br>More than Rp 1,000,000=Rp6,000<br>3. Cash check and uncashed check=Rp 3,000<br>4. Securities either individual or collective:<br>Face value less than Rp 1,000,000 = Rp3,000<br>More than Rp 1,000,000 = Rp6,000<sup>1)</sup><br>**Property Transfer Tax on Land and Buildings**<br>**(effective 1 January 2001):**<br>Based on transaction value or market price=<br>5%.<sup>7)</sup>The amount of exemptions is authority of<br>local government. It varies from Rp 10 million<br>to 60 million.|**Old Rate:**<br>Stamp duty rate (effective 21<br>April 1995 until 30 April 2000):<br>1. Contract and other<br>documents for legal purpose,<br>common letter for court<br>purpose, deeds and their<br>copies = Rp 2,000.<br>2. Documents that contain<br>amount of money, promissory<br>notes, and acceptance letters:<br>Less than Rp 250,000=0<br>Rp 250,000-Rp<br>1,000,000=Rp1,000<br>More than Rp<br>1,000,000=Rp2,000<br>3. Cash check an uncashed<br>check= Rp1,000<br>4. Securities:<br>Face value less than Rp<br>1,000,000 = Rp 0<br>More than Rp 1,000,000 =<br>Rp2,000<sup>2)</sup><br>**Property Transfer Tax on**<br>**Land and Buildings (effective**<br>**1 January 1998 until 31**<br>**December 2000):**<br>Based on transaction value or<br>market price.<br>Less than Rp 30 million = 0%<br>More than Rp 30 million =<br>5%.<sup>5)</sup><br>This tax will be shared to lower<br>level government after<br>decentralization 20% for<br>central govt. 80% for local<br>governments<sup>6)</sup>|Stock issuers changed their<br>paper stocks to electronic stocks<br>to avoid stamp duty from new<br>regulation.<sup>3)</sup>Stamp duty<br>increased significantly in three<br>recent years, from Rp0.6 trillion<br>(0.05 % of GDP) in fiscal year<br>1999/2000 to Rp0.9 trillion (0.09<br>% GDP) in 2000, and estimated<br>to Rp1.9 trillion(0.1% of GDP) in<br>2001.<sup>4)</sup>Many people in<br>Kecamatan Serdang might not<br>get their land certificate since<br>they were not able to pay the<br>high property transfer tax<sup>8)</sup>.|1)http://kambing.vlsm.org/bebas/v01/<br>RI/pp/2000/pp-2000-024.txt<br>2)http://www.theceli.com/dokumen/pr<br>oduk/pp/1995/7-1995.htm<br>3)http://www.ksei.co.id/Fokuss/Edisi<br>%207/BEA%20MATERAI%20YANG<br>%20MEMBEBANKAN%20ITU.htm<br>_4)http://www.fiskal.depkeu.go.id/nk2_<br>_002.asp?kd=43_<br>5)http://www.theceli.com/dokumen/pr<br>oduk/1997/uu21-1997.htm<br>6)http://www.theceli.com/dokumen/pr<br>oduk/pp/1997/33-1997.htm<br>7)http://www.suaramerdeka.com/hari<br>an/0308/19/eko11.htm<br>8)http://www.kompas.com/kompas-<br>cetak/0309/18/metro/569305.htm|
|**Ireland**|There are no sub-national taxes in Ireland.<br>Stamp duty imposed on:<br>•Transfer (including gift) of shares and securities<br>at 1%.<br>•Transfer of most other Irish assets (where<br>ownership passes by legal instrument) at rates|<br>**Change in Territorial Scope of**<br>**Capital Acquisitions Tax or**<br>**CAT (include Stamp Duty)**<br>**Former**<br>**regime**<br>**(before**<br>**1**<br>**December 1999):**<br>•Gift<br>received<br>from<br>an|**Implications of New Regime:**<br>The territorial scope of CAT has<br>been significantly expanded to<br>the extent that gifts, inheritances<br>and benefits from trust received<br>by individuals who are resident|1) Ward, John, “Fiscal Politics for<br>the Economic Enterprise in Ireland”<br>IBFD February 2000.<br>2) http://www.philiporeilly.com/taxce<br>ntre/StampDuty.htm#residential|

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