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.

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. more info Some transactions qualify for reduced rates or exemptions based on eligibility criteria.

Proper knowledge helps avoid legal issues and unexpected costs..

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