Stamp Duties Act 1929 · 2021 Revised Edition · Part 2 · Provisions Applicable to Instruments Generally
13. Currency and securities
Feedback & supportWhere an instrument is chargeable with ad valorem duty in respect of —
any money expressed in any currency other than that of Singapore; or
any stock or marketable or other security,the duty is to be calculated on the value, on the day of the date of the instrument, of the money in the currency of Singapore according to the current rate of exchange, or of the stock or security according to the average price of the stock or security or, if there is no price, according to the value of the stock or security.
Where an instrument contains a statement of current rate of exchange or average price (as the case may require) and is stamped in accordance with that statement, the instrument, so far as regards the subject matter of the statement, is presumed, until the contrary is proved, to be duly stamped.
duly stamped
“duly stamped”, as applied to an instrument chargeable with duty, means —(a)that the instrument bears an adhesive or impressed stamp of not less than the proper amount, and that stamp has been affixed in accordance with the provisions of this Act for the time being in force at the time of stamping; or(b)that the instrument, if stamped using the E‑Stamping system, has attached to it a stamp certificate issued for the instrument by the Commissioner in accordance with the provisions of this Act for the time being in force at the time of stamping;