iras stamp duty 4.4 34
Stamp duty in Singapore by IRAS 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. 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 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 here prevents complications during transactions.