iras stamp duty 4.4 34
IRAS stamp duty is collected by the Inland Revenue Authority of Singapore on qualifying instruments. This tax is relevant mainly for real estate transactions and transfer of ownership.
The amount of stamp duty varies depending on the type and value of the transaction. Stamp duty must be paid within a specific period after the document is executed, usually within 14 days.
IRAS provides detailed guidelines and calculators online to help taxpayers determine the correct more info stamp duty amount. Exemptions and reliefs may be available under certain conditions, such as for first-time homebuyers or specific property types.
Overall, understanding IRAS stamp duty requirements is crucial for anyone involved in property or share transactions in Singapore..
Staying informed about stamp duty saves time and prevents complications during transactions.