iras stamp duty​ 4.4 34

Stamp duty in Singapore by IRAS is a government levy applied on legal documents related to property and shares. Stamp duty affects buyers and sellers involved in property deals.

Additional Buyer’s Stamp Duty (ABSD) may apply to certain groups such as foreigners or companies. 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 stamp duty amount. Some transactions qualify for reduced rates or exemptions based on eligibility criteria.

Overall, understanding IRAS stamp duty requirements more info is crucial for anyone involved in property or share transactions in Singapore..

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