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 detailed guidelines and calculators online to help check here taxpayers determine the correct stamp duty amount. Exemptions and reliefs may be available under certain conditions, such as for first-time homebuyers or specific property types.

Timely payment ensures smooth completion of transactions.

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