The remission order relating to stamp duty on service agreements has been updated with the issuance of the
Stamp Duty (Remission) Order 2021 [P.U.(A) 428/2021] (‘
the 2021 Remission Order’) on 25 November 2021.
The 2021 Remission Order is deemed to have come into operation on 28 December 2018 and revokes the Stamp Duty (Remission) (No. 4) Order 2010 [P.U.(A) 476/2010] (‘
the 2010 Remission Order No. 4’).
Arising from an amendment to the Stamp Act 1949 (‘
the Act’) pursuant to the Finance Act 2018, the appropriate head of charge applicable to stamp duty on a service agreement was amended from item 22(1)(b) to
item 22(1)(a) of the First Schedule to the Act commencing from
28 December 2018. Accordingly, the 2021 Remission Order reflects these amendments and provides,
inter alia, that: