iras stamp duty​ 4.4 34

iras stamp duty​ 4.4 34

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Stamp duty in Singapore by IRAS is collected by the Inland Revenue Authority of Singapore on qualifying instruments. Commonly, stamp duty applies to property purchases, leases, and share transfers.

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 stamp duty amount. Some transactions qualify for reduced rates or exemptions based on eligibility criteria.

Proper knowledge helps avoid legal issues and unexpected costs..

Using IRAS online tools can help click here calculate your stamp duty accurately.