Tax Stamps
Information On Goods And Services Tax
If you are one of the many who are wondering what Goods and Services Tax stand for, then it is about time to learn. This is simply a replacement of the Value Added Tax (VAT), excise duty tax, service tax, manufacturer's sales tax, and other tax schemes. It seeks to simplify all types of tax into one structure. The implementation of this tax structure differs in every country but with the sole purpose of helping the nation's budget. GST is commonly imposed on the goods and services sold to consumers.
Not all products are levied with GST. Some countries exempt essential goods and services from the GST. Every country with GST imposes the tax on different products. GST information on countries such as Canada, Singapore, Australia and New Zealand are listed below.
GST is introduced to Canada in January, 1991 by Prime Minister Brian Mulroney. The tax replaces the MST or Manufacturer's Sales Tax. The products that are exempted with the GS tax are residential rent, medical services and grocery items. Tourists are not obligated to pay the GST. When they enter the country and buy services and goods to be brought home, they get a refund on the GS tax added to it. They will just have to file for refund before they go home. The current GST rate of Canada is 5%.
In Singapore, GST is introduced on April, 1994 by the government upon the recommendation of the Economic Review Committee that Singapore must lower down their high rates of taxes. The GST tax is Singapore's Value Added Tax and the tax is levied on almost all goods and services except the residential property sales and rents. Export goods are also zero-rated to enhance Singapore's competitiveness in the global economy. The current GST rate of Singapore is at 7%.
On July 2000, the government of Howard in Australia introduced the GST to Australian citizens. The GST in Australia replaced the different tax forms used by the government such as Banking taxes, stamp duty and Federal sales tax system. It's also the value added tax of Australia and it is imposed on various products for consumers. Australia's GST is 10% at present.
In New Zealand, GST is introduced on October, 1986 by their government. It is their Value Added Tax and it is levied on all goods except rents on properties, financial services and donations. All exported goods and services from New Zealand are also tax-free.
Some individuals do not go for the Goods and Services Tax because of the burden it adds to the everyday expenses of the people. GST levied on products increases the prices of the products making it hard for people that earns below the minimum wage. Despite the controversies behind the GST, it is still being used for many years because it has benefited the government.
Disclaimer: This article is provided for educational and informational purposes only and should not be considered a substitute for professional and/or financial advice. The information found in this article is provided "AS IS", and all warranties, express or implied, are disclaimed by the author.
About the Author
To learn more about GST read the Canadian tax guide.
Vacuumatic Vicount 2 Disc - Tax Stamp Counting
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 Future Delivery Tax Revenue Stamp Scott RC19 $10.00 Time Remaining: 29d 11h 22m Buy It Now for only: $10.00 Buy It Now |
 OHIO Sales Tax stamps lot of 42 different mint $12.50 (5 Bids) Time Remaining: 17h 50m |
 US RG13 M LH VF Silver Tax SCV 45 $9.99 Time Remaining: 18h 25m |
 US RG123 Mint NH 400 Silver Tax Revenue 150 $13.50 (5 Bids) Time Remaining: 16h 9m |
 Oregon 2 Cent Cigarette Tax Stamp Block of 10 $3.75 Time Remaining: 28d 10h 56m Buy It Now for only: $3.75 Buy It Now |
 1940 IRS Tax Stamp for PRACTITIONER DISPENSING OPIUM COCA LEAVES ETC $5.20 (2 Bids) Time Remaining: 14h 34m |
 US RG17 M H F VF Silver Tax SCV 85 $24.95 Time Remaining: 18h 27m |
 1942 Tax Stamp 1 4 Barrel Mixed Flour $3.75 Time Remaining: 28d 10h 56m Buy It Now for only: $3.75 Buy It Now |
 Texas 1 Gram Marijuana Drug Tax Stamp Unused Shows DEATH Grim Reaper $5.50 (3 Bids) Time Remaining: 3d 21h 3m |
 2Full RC Cola 1958 60 West Virginia 12oz ACL Soda Bottle + Carton Tax Stamp $12.49 (1 Bid) Time Remaining: 3h 32m |
 Jordan 200f Fiscal tax Revenue Stamp 4m837 $11.95 Time Remaining: 29d 11h 19m Buy It Now for only: $11.95 Buy It Now |
 District of Columbia Beverage Tax Stamps 4 Different $3.75 (1 Bid) Time Remaining: 2d 17h 27m |
 Bone Dice set GR Crown Tax Stamp Revolutionary War 1775 1783 King George III $10.49 (2 Bids) Time Remaining: 3d 18h 19m |
 Trinidad GV 1915 35 fine used colln 29 stamps vals to 24c war tax issues $14.13 Time Remaining: 29d 14h 12m Buy It Now for only: $14.13 Buy It Now |
 Antique photographs CDVs 1 with tax stamp tintypes gems Cupids $16.39 (2 Bids) Time Remaining: 1d 10h 40m |
 Lot of 8 State of Indiana 1945 Intangibles Tax Revenue Stamps 5c 10c 25c 1 $2.95 (1 Bid) Time Remaining: 19h 18m |
 Italy Somalia better fiscal tax revenue Stamp 1v19 Lion higher value 4L $45.95 Time Remaining: 29d 11h 8m Buy It Now for only: $45.95 Buy It Now |
 Firearms Transfer Tax Stamp RY8 ATF NFA $75.00 Time Remaining: 2d 13h 9m |
 State Revenues 9 Tennessee Ammunition Tax Mint $15.51 (4 Bids) Time Remaining: 3d 10h 58m |
 State Revenues 2 California Liquor Tax STRIPS Mint $1.99 Time Remaining: 3d 10h 59m |
 Norway DocumTax Stamps 014 t2 40 oere brownviolet 1902 CB OG K 2JAN $7.20 Time Remaining: 28d 19h 28m Buy It Now for only: $7.20 Buy It Now |
 RUSSIA WAR TAX 1k SHEET OF 100 FEW SMALL FAULTS 233G $25.15 (6 Bids) Time Remaining: 2d 3h 13m |
 OHIO Sales Tax Stamps lot of 38 different $4.64 (3 Bids) Time Remaining: 17h 49m |
 Norway DocumTax Stamps 103 II t1 Kr 500 pair $16.00 Time Remaining: 28d 19h 55m Buy It Now for only: $16.00 Buy It Now |
 RUSSIA WAR TAX 7k SHEET OF 35 FEW SMALL FAULTS 230G $36.15 (9 Bids) Time Remaining: 2d 3h 7m |
 Rare and disc VERY OLD BARTON BONDED with tax stamp tennessee overprint $25.00 Time Remaining: 1d 20h 25m |
 Stock Transfer Tax Revenue Stamp Scott RD341 $2.75 Time Remaining: 28d 14h Buy It Now for only: $2.75 Buy It Now |
 RUSSIA WAR TAX 3k SHEET OF 50FEW SMALL FAULTS 232G $36.15 (8 Bids) Time Remaining: 2d 3h 11m |
 Massachusetts Marijuana Controlled Substances Drug Tax Stamp Revenue Fast Ship $9.99 Time Remaining: 16h 32m |
 Norway DocumTax Stamps 016 t2 250 kr grbrown 1902 BW 2500 $25.00 Time Remaining: 28d 19h 29m Buy It Now for only: $25.00 Buy It Now |
 RUSSIA WAR TAX MULTIPLES FEW FAULTS 228G $14.93 (7 Bids) Time Remaining: 2d 3h 3m |
 RUSSIA WAR TAX MULTIPLES FEW FAULTS 229G $21.22 (9 Bids) Time Remaining: 2d 3h 5m |
 Norway DocumTax Stamps 056 II 350 kr blgn 1917 18 BW 2000 $30.00 Time Remaining: 28d 20h 50m Buy It Now for only: $30.00 Buy It Now |
 CHINA UNIDENTIFIED TOBACCO TAX STAMP WITH PERFIN $1.89 (2 Bids) Time Remaining: 2d 11h 49m |
 2 Diff Full RC Cola 1958 58 West Virginia 10 12oz ACL Soda Bottle Tax Stamp $7.65 Time Remaining: 1d 10h 40m Buy It Now for only: $8.50 Buy It Now |
 GERMANY REVENUE STAMP dt reich nazi fiscal tax stempelmarke df53 $3.99 Time Remaining: 2h |
 Norway DocumTax Stamps 017 t1 300 kr orange 1902 AKTIE KREDITBANKEN SANDE $22.50 Time Remaining: 28d 21h 4m Buy It Now for only: $22.50 Buy It Now |
 Loudon County Virginia Motor Vehicle tax Windshield Stamp 1976 $2.99 (1 Bid) Time Remaining: 5d 18h 30m |
 State Revenues Louisiana Liquor Tax Booklet Pane Mint $7.50 (3 Bids) Time Remaining: 3d 11h 1m |
 Texas Marijuana Drug Tax Stamp Marihuana Stamps $24.99 Time Remaining: 28d 7h 32m Buy It Now for only: $24.99 Buy It Now |
 GERMANY REVENUE STAMP dt reich nazi fiscal tax stempelmarke df16 $3.99 (1 Bid) Time Remaining: 1h 17m |
 GERMANY REVENUE STAMP dt reich nazi fiscal tax stempelmarke df2 $3.99 Time Remaining: 1h 3m |
 CABO WABO SAMMY HAGAR TEQUILA Very Rare MILENIO ANEJO MEXICAN TAX STAMP $225.00 Time Remaining: 6d 6h 42m Buy It Now for only: $225.00 Buy It Now |
 GERMANY REVENUE STAMP dt reich nazi fiscal tax stempelmarke df4 $3.99 Time Remaining: 1h 4m |
 Idaho 1 Gram 350 Marijuana Drug Tax Stamp Unused $4.25 (2 Bids) Time Remaining: 3d 21h 1m |
 Norway DocumTax Stamps 022 t3 1000 kr orange 1902 10 lower than Kroner $15.00 Time Remaining: 28d 19h 27m Buy It Now for only: $15.00 Buy It Now |
 GERMANY REVENUE STAMP dt reich nazi fiscal tax stempelmarke df6 $3.99 (1 Bid) Time Remaining: 1h 6m |
 GERMANY REVENUE STAMP dt reich nazi fiscal tax stempelmarke df9 $3.99 (1 Bid) Time Remaining: 1h 11m |
 US Revenue 19 proof gallons tax paid alcohol 1934 $5.00 Time Remaining: 2d 11h 2m Buy It Now for only: $5.00 Buy It Now |
 GERMANY REVENUE STAMP dt reich nazi fiscal tax stempelmarke df3 $3.99 Time Remaining: 1h 3m |
 GERMANY REVENUE STAMP dt reich nazi fiscal tax stempelmarke df1 $3.99 Time Remaining: 1h 2m |
 Stamp Duty Land Tax (Law Practitioner Series) Sale Price: $182.00  Eligible for free shipping!Availability: Usually ships in 24 hours See Reviews For This Product DescriptionStamp Duty Land Tax ('SDLT') raises some £6 billion per annum - more revenue than inheritance tax and capital gains tax put together. Providing a much-needed, incisive and comprehensive commentary on every aspect of SDLT, this book will appeal to property lawyers, tax specialists, and anyone involved in land transactions...  |
 Avery 4018 Labels for matrix printers, removable, white, 3-1/2 x 15/16, 5000 labels List Price: Sale Price: $41.12 You save: $27.87 (40%) Eligible for free shipping!Availability: Usually ships in 24 hours See Reviews For This Product DescriptionBright white labels for sharper print quality. Perfect for professional-looking mailings, shipping, bar-coding and organizing. Rough texture backing for minimal slippage while printing. |
 Tax Stamps for the American Colonies from the Stamp Act of 1765 Giclee Poster Print, 9x12 Sale Price: $34.99 Eligible for free shipping!Availability: Usually ships in 2-3 business days See Reviews For This Product DescriptionTax Stamps for the American Colonies from the Stamp Act of 1765 is a limited edition fine art giclee print, which uses a specialized printer to deliver a fine stream of ink onto archival paper. It results in museum-quality art of incredibly vivid color, depth and resolution that captures the essence of the artist's intent... |
 The Least of These: A Novel List Price: See Reviews For This Product DescriptionIt's a frightening day for the United States of America...President Clark signs into law the Public Assistance Reform Act, removing all government assistance, because he has no other viable options. The economy of the most powerful country on earth has all but collapsed... |
 Postage Stamp Pendant Necklace Tax Stamp from Somalia Sale Price: $28.00 Eligible for free shipping!Availability: Usually ships in 3-4 business days See Reviews For This Product DescriptionVintage Somali Stamp Pendant Necklace by SilverChicks. The stamp is now a pendant of mosaic glass measuring approximately 1 x 1 inch and is hanging on a 16 inch black satin cord that is finished with a sterling silver clasp... |
 ACCO Tag or Label Wires, 12 Inches Long, 1000 Wires per Pack, A7074919 Sale Price: $12.49 Eligible for free shipping!Availability: Usually ships in 24 hours See Reviews For This Product DescriptionACCO tag wires are handy wires to help affix tags or labels on just about anything. Made in USA of corrosion-resistant steel. Great for inventory, labeling, all kinds of classification and organization projects. |
 State of New York Stock Transfer Tax (1) Stamp See Reviews For This Product DescriptionBEWARE OF PACKET SELLERS! There are no surprises from CoinsBarbiesBooksMore!! WE SHOW YOU WHAT WE ARE SELLING! The stamps in the scan are the actual ones you will receive! |
 Avery 30720 Pres-a-ply pin-fed computer labels, 3 1/2 x 15/16 inch, white, 5000 per box List Price: Sale Price: $16.73 You save: $13.76 (45%) Eligible for free shipping!Availability: Usually ships in 24 hours See Reviews For This Product DescriptionPerfect for bulk mailings. |
