iras stamp duty​ 4.4 34

iras stamp duty​ 4.4 34

Blog Article

IRAS stamp duty is a government levy applied on legal documents related to property and shares. This tax is relevant mainly for real estate transactions and transfer of ownership.

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.

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

Staying informed here about stamp duty saves time and prevents complications during transactions.