iras stamp duty​ 4.4 34

iras stamp duty​ 4.4 34

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IRAS stamp duty regulations is collected by the Inland Revenue Authority of Singapore on qualifying instruments. This tax is relevant mainly for real estate transactions and transfer of ownership.

Additional Buyer’s Stamp Duty (ABSD) may apply to certain groups such as foreigners or companies. 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. It is important to more info check current regulations for any applicable concessions.

Proper knowledge helps avoid legal issues and unexpected costs..

If you plan to buy property or transfer shares in Singapore, checking IRAS stamp duty rules is essential.