iras stamp duty​ 4.4 34

iras stamp duty​ 4.4 34

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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.

Additional Buyer’s Stamp Duty (ABSD) may apply to certain groups such as foreigners or companies. Failure to pay on time can result in penalties and fines.

IRAS provides detailed guidelines and calculators read more online to help 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.

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.