iras stamp duty 4.4 34
Stamp duty in Singapore by IRAS refers to the tax imposed on certain documents and transactions. Commonly, stamp duty applies to property purchases, leases, and share transfers.
For property buyers, the rate depends on the purchase price or market value. Stamp duty must be paid within a specific period iras stamp duty 4.4 34 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. Exemptions and reliefs may be available under certain conditions, such as for first-time homebuyers or specific property types.
Timely payment ensures smooth completion of transactions.
Staying informed about stamp duty saves time and prevents complications during transactions.