iras stamp duty​ 4.4 34

Stamp duty in Singapore by IRAS refers to the tax imposed on certain documents and transactions. Stamp duty affects buyers and sellers involved in property deals.

Additional Buyer’s Stamp Duty (ABSD) may apply to certain groups such as foreigners or more info companies. Payment can be made electronically or at designated IRAS service counters.

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 calculate your stamp duty accurately.