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. 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. Some transactions more info 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.