iras stamp duty​ 4.4 34

IRAS stamp duty is collected by the Inland Revenue Authority of Singapore on qualifying instruments. Commonly, stamp duty applies to property purchases, leases, and share transfers.

For property buyers, the rate depends on the purchase price or market value. Failure to pay on time can result in penalties and fines.

IRAS provides get more info detailed guidelines and calculators online to help taxpayers determine the correct stamp duty amount. Some transactions qualify for reduced rates or exemptions based on eligibility criteria.

Timely payment ensures smooth completion of transactions.

Staying informed about stamp duty saves time and prevents complications during transactions.