Electronic Tax Stamp Issuance & Management
As digital transformation accelerates worldwide, nations and businesses are seeking innovative solutions to manage taxes, invoices, and contracts more efficiently. However, in some countries, such as Myanmar, contract and document management systems still heavily rely on traditional tax stamps, governed by the Myanmar Stamp Rules (Law No. 19/2017), an amendment to the Myanmar Stamp Act of 1899. This reliance results in a cumbersome process involving document classification, transaction handling, determining applicable stamp fees, purchasing stamps, affixing them, canceling them, and archiving documents. Moreover, documents with improperly affixed stamps may lack legal validity, making the tax stamp management process complex, time-consuming, costly, and prone to risks regarding transparency.
Consequently, digitizing traditional stamps into e-Stamps is an inevitable strategy to streamline stamp management, enhance security and transparency, and meet the legal requirements of the digital era.
Savyint e-Stamp Solution
e-Stamp is a digitized version of traditional tax stamps, identifiable through graphical markers or cryptographic elements embedded directly into electronic documents (PDF format).
Savyint e-Stamp Solution is an advanced electronic stamp management system built on Public Key Infrastructure (PKI). It is specifically designed for the issuance, management, stamping, revocation, and storage of e-Stamps. Each e-Stamp is uniquely generated and linked to a Digital Certificate containing encrypted information, including:
- Company Information (logo or business identifiers)
- e-Stamp Code
- Classification based on the intended use of the e-Stamp
- Issuance Date
- Issuing Organization
- Validity Period
- A Digital Signature with time-stamping, ensuring the integrity and non-repudiation of the e-Stamp applied to documents, contracts, vouchers, invoices, and more.
Savyint e-Stamp Solution guarantees data integrity and is legally recognized for transactions in electronic environments, providing a secure, reliable, and efficient alternative to traditional stamping methods.
Key Benefits of Savyint e-Stamp Solution over Traditional Stamping
High security, ensuring document integrity
The Savyint e-Stamp utilizes advanced digital signature technology and time-stamping, ensuring document integrity, authenticity, non-repudiation, and accurate verification of the e-Stamp issuance time in the long term, independent of the digital certificate’s validity period. This enables the verification of electronic documents, prevents forgery, and ensures data integrity throughout the document’s lifecycle
Unforgeable e-Stamp
Leveraging robust encryption technology, ready for Post-Quantum Cryptography (PQC), each e-Stamp is unique, and issued or revoked e-Stamps can be transparently managed
Convenience
Issue e-Stamps anytime, anywhere, and on any device, integrated with encrypted QR codes
Time-saving
An e-Stamp can be issued in just a few minutes, entirely online.
Environmentally friendly
e-Stamps reduce the need for physical paper stamps, contributing to environmental protection
Outstanding Advantages of Savyint e-Stamp
- Guaranteed legal validity: As a Qualified Trust Service Provider (QTSP) compliant with EU eIDAS Regulation, Savyint ensures all e-Stamps hold the same legal value as traditional paper stamps
- Advanced long-term validation (LTV/LTANS): Digital Signatures with secure timestamping enable long-term storage and legal accessibility of documents for 10, 20 years - or permanently - per legal requirements
- Tax fraud prevention: Accurate fee calculation, transparent time-stamped records, and traceability reduce fraud risks and errors
- User-friendly platform, intuitive interface suitable for all users
- Supports all document types, from contracts and tax certificates to invoices and commercial records
- Extract visual reports with searchable fields, ensuring fast, reliable retrieval at any time
- Flexible Payment Options: Credit cards, debit cards, and online banking integrations for fast and secure transactions
- Directly integrates with national Tax, Customs, Banking systems, e-Government portals, and other governmental agencies
- Compatible with other digital solutions such as eSign, eInvoice, and eContract platforms