iras stamp duty 4.4 34
iras stamp duty 4.4 34
Blog Article
Stamp duty in Singapore by IRAS is collected by the Inland Revenue Authority of Singapore on qualifying instruments. Stamp duty affects buyers and sellers involved in property deals.
The amount of stamp duty varies depending on the type and value of the transaction. Failure to pay on time can result in penalties and fines.
IRAS provides detailed guidelines and calculators online to help taxpayers determine the correct stamp duty check here 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.