iras stamp duty​ 4.4 34

iras stamp duty​ 4.4 34

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IRAS stamp duty 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. Stamp duty must be paid within a specific period after the document is executed, usually within 14 days.

Resources include step-by-step instructions and examples for different scenarios. 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 read more Singapore..

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