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. This tax is relevant mainly for real estate transactions and transfer of ownership.

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 is crucial for anyone involved in property or share transactions read more in Singapore..

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