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Ministry of Finance (MOF)
Public Consultations

Summary of Responses - Public Consultation on Draft Stamp Duties (Amendment) Bill 2011

20 December 2011

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MOF ACCEPTS THREE OF FIVE SUGGESTIONS RECEIVED ON THE DRAFT STAMP DUTIES (AMENDMENT) BILL 2011

  1. The Ministry of Finance accepts 3 of the 5 suggestions received during a public consultation exercise from 3 to 23 August 2011 on the draft Stamp Duties (Amendment) Bill 2011. The feedback will be incorporated into the revised Stamp Duty (Amendment) Bill 2011 or its subsidiary legislations. The remaining 2 suggestions were not accepted for implementation as they are not consistent with the policy objectives for the proposed legislative changes.

Draft Stamp Duty (Amendment) Bill 2011

  1. The draft Stamp Duty (Amendment) Bill 2011 proposed legislation to put into effect stamp duty changes announced in Budget 2011, as well as changes arising from the periodic review of the stamp duty tax system. The main amendments in the draft Stamp Duties (Amendment) Bill 2011 are as follows:

Public Participation in the Consultation Exercise

  1. A summary of the 5 comments received on the draft Stamp Duties (Amendment) Bill 2011 and MOF’s responses are as follows:

  2. MOF would like to thank all respondents for their suggestions.

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