iras stamp duty​ 4.4 34

IRAS stamp duty is collected by the Inland Revenue Authority of Singapore on qualifying instruments. Stamp duty affects buyers and sellers involved in property deals.

For property buyers, the rate depends on the purchase price or market value. Stamp duty must be paid within a specific period after the document is here executed, usually within 14 days.

IRAS provides detailed guidelines and calculators online to help taxpayers determine the correct stamp duty amount. It is important to check current regulations for any applicable concessions.

Proper knowledge helps avoid legal issues and unexpected costs..

If you plan to buy property or transfer shares in Singapore, checking IRAS stamp duty rules is essential.