The Inland Revenue Authority of Singapore (IRAS) is the largest revenue agency in Singapore responsible for the administration of taxes. The consequences can be directed at both tenant and Landlord, so it’s better to just pay up. Lease duty is payable on documents executed for the leasing or rental of a property, whether wholly or partially. BSD is computed based on the higher of the property’s market value or purchase price. There are step-by-step instructions to guide you. More. )A physical stamp (a revenue stamp) had to be attached to or impressed upon the document to denote that stamp duty had been paid before the document was legally effective. SSD is payable on all residential and industrial properties that are bought on or after 14 Jan 2011 and 12 Jan 2013 respectively and sold within the holding period. For more information, please visit Buyer's Stamp Duty (BSD). Simply dial the number listed in our Integrated Phone Servicesfor the services that you require and follow the instructions for self-help. back to top ABSD is payable depending on whether the buyer is an entity or individual. All documents liable to Stamp Duty will have to be stamped through the e-Stamping system. IRAS was created in the year 1960 as Inland Revenue Department. For more information on stamping for lease with variable rents, please view the IRAS Circular on Stamping of Lease with Variable Rent and Stamping of Acceptance to Letter of Offer for Lease. Data refers to gross rent. There are e-terminals for you to e-stamp your documents. 3) Under “Remarks”, key in “Stamp duty” Revenue House. We are a partner of the community in nation-building and inclusive growth. Please ensure that each file is of a valid file type (.pdf, .jpeg, .jpg). You can use IRAS' interactive Stamp Duty Calculator to compute your stamp duty liability. In addition, a document in which the stamp duty is paid can be admitted as court evidence in cases of disagreements. This means that NIPOST will take over the collection of stamp duties from the Federal Inland Service (FIRS). Mondays to Fridays: 8 am to 5 pm. e-Stamping is a secured portal for you to view and manage your stamp duty transactions with IRAS, at your convenience. This application is a service of the Singapore Government. This is our new community dedicated to you, the Developer. Helpline: 1800 4604923. IRAS | Contact Info. Stamp duty will only be imposed at the VCC-level if the VCC has no sub-funds. Once the full payment is made, please print the Certificate of Stamp Duty immediately. Saturdays: Only taxpayers who make a voluntary disclosure for late stamping or underpayment of stamp duty are accorded a reduced penalty of 5% per annum computed on a daily basis. Operating Hours: Mondays to Fridays - 9.30am to 6.00pm. Receive Stamp Certificate via the Internet or in paper form depending on the mode of submission. SSD is computed based on the higher of the property’s market value or purchase price. Attach the stamp certificate to the original instrument as evidence of stamping. If the umbrella VCC fails to do so, it will be liable for a fine of up to four times the amount of the original payable duty. This e-Service comprises retail properties with rental contracts submitted to IRAS for Stamp Duty Assessment since Jan 2012. For more information on how to make payment, please visit How to Pay Stamp Duty. If you have received a Demand Note from IRAS, please contact the Enforcement Officer using the contact number provided on the letter. On e-Stamping matters. If an umbrella VCC executes an acquisition or disposal that is not evidenced by an instrument and had that acquisition or disposal been executed evidenced by an instrument that would have been chargeable with duty, the umbrella VCC must notify the Commissioner of Stamp Duties within 14 days. About myTax Portal. 8.00am - 5.00pm Eve of Christmas, New Year and Chinese New Year. For overseas callers: When dialling numbers beginning with "1800", please replace "1800" with our country code "65", followed by "6" and the number you wish to … IRAS 12/03/2021-11P. Saturdays, Sundays and Public Holidays : Closed. For added security, you may email us via myTax Mail in myTax Portal using your SingPass, IRAS Unique Account (IUA) or CorpPass. BSD is a tax paid on documents signed when you buy or acquire any property (e.g. myTax Portal is a secured, personalised portal for you to view and manage your tax transactions with IRAS, at your convenience. It is responsible for all revenue collection like property tax, stamp … Share duty remission may be granted if the remission conditions are fulfilled. Email Us. For more information on mortgage duty for properties, please visit Mortgage Duty. Ali Isa Pantami, the minister of communications and digital economy, says the Nigerian Postal Service (NIPOST) is the legal producer of stamp duties through the 2020 Finance Act. Common Stamp Duty Remissions and Reliefs for Property at a Glance. The holding period is computed from the date of purchase to the date of disposal of the property. Share duty is computed based on the higher of the consideration or net asset value of the shares. For other available ABSD remissions, please visit Common Stamp Duty Remissions and Reliefs for Property at a Glance for more information. Generally, late stamping/payment penalties will not be waived or reduced. Self-Amendment of Stamp Certificate for one typographical error (not affecting Stamp Duty amount), Amendment of Stamp Certificate for multiple typographical error (not affecting Stamp Duty amount). Currently, e-Stamping is available to everyone. It takes 5-7 working days for the cheque to be cleared. Estate Duty; 2519 6749: Stamp Duty; 2519 6740: Collection Enforcement; 2519 6757: Tax Payment and Accounts; 2519 0375 : Unit 4 : Field Audit and Investigation; 2877 1317 : Others : Complaints; 2802 7625: General Enquiry; 2519 9316 Please visit common stamp duty remissions and reliefs for shares for more information. It is an offense to use a document in which the stamp duty has not been paid on. It works under the Ministry of Finance of the Singapore Government. For more information, please visit Stamp Duty Basics for Shares . LCQ10: Stamp duty on stock transactions (February 2, 2021) Suspension of Service for Filing of Tax Return - Individuals through eTAX (Press Release - January 29, 2021) Inland Revenue (Amendment) (Tax Concessions for Carried Interest) Bill 2021 gazetted ... more news. Allowed file formats: .pdf, .jpeg, .jpg), Deductions for Individuals (Reliefs, Expenses, Donations), Basic Guide for New Individual Taxpayers (Foreigners), Individuals (Foreigners) Required to Pay Tax, Deductions for Individuals (Foreigners) (Expenses, Donations, Reliefs, Rebates), Self-Employed / Sole-Proprietors / Partners, Filing Estimated Chargeable Income (ECI) and Paying Estimated Taxes, Companies That Do Not Need to Submit Estimated Chargeable Income (ECI), Applying for Certificate Of Residence or Tax Reclaim Form, About Your Tax Bill – Objecting to Notice of Assessment, Companies Applying for Strike-Off or To Cease Registration, Self-employed / Sole-proprietors / Partners, Deductions for Self-Employed (Reliefs, Expenses, Donations), Calculating and Reporting Business Income, Go to Self-employed / Sole-proprietors / Partners Section, Reporting employee earnings (IR8A, Appendix 8A, Appendix 8B, IR8S), Tax Clearance for Foreign & SPR Employees (IR21), Auto-Inclusion Scheme (AIS) for Employment Income, Common Scenarios - Do I Charge/Deem/Claim GST, Responsibilities of a GST-registered Business, Go to Non-GST Registered Businesses Section, Purchasing Remote Services from Overseas Service Providers, Selling your Property (for En Bloc Sales), Lower Property Tax Rates for Owner-Occupied Residential Properties, Essential Property Tax Information for HDB Flat Owners, Information for Buyers of Private Residential Properties, Information for Buyers of HDB/ DBSS Flats, Information for Buyers of Other Types of Properties, Information for Buyers of Vacant Land or Development Sites, Senior Employment Credit (SEC), CPF Transition Offset (CTO) and Enabling Employment Credit (EEC), Productivity and Innovation Credit Scheme (PIC), Apply/ Withdraw for Owner-Occupier Tax Rates, Common Stamp Duty Remissions and Reliefs for Property at a Glance, date of purchase to the date of disposal of the property, Stamp Duty (SSD) for Residential Property, Seller's Stamp Duty (SSD) for Industrial Property, IRAS Circular on Stamping of Lease with Variable Rent and Stamping of Acceptance to Letter of Offer for Lease, common stamp duty remissions and reliefs for shares, Stamp Duty Basics for Property-Holding Entities. IRAS Print Online with SingPass. A message will be displayed when payment is successful and you will be able to print the stamp certificate. ACD may apply if you are buying or selling equity interests (e.g. For more information on lease duty, please visit Renting a Property. Saturdays - 9.30am to 2.00pm. Proceed to stamp your document online. Weekly Maintenance Hours myTax Portal will not be available every Wed and Sun, during these times (Singapore time): 2.00 a.m. - 6.00 a.m. on Wed For more information on late payment penalties, please visit Late Payment of Stamp Duty. You can use the IRAS interactive Stamp Duty Calculator to compute your stamp duty liability. shares or units) in property-holding entities … The IRAS API Marketplace combines industry expertise with innovative technology to create and optimise tax-related services. For properties jointly purchased by two or more parties with different profiles, the applicable ABSD rate will be based on the profile with the highest ABSD rate. | Feedback | Technical FAQ © 2017 Inland Revenue Authority of Singapore. 8.00am - 1.00pm Weekends and Public Holidays. For more information, please visit Seller's Stamp Duty (SSD) for Residential Property and Seller's Stamp Duty (SSD) for Industrial Property. Self-amend or submit your request to amend via the e-Stamping Portal: There is no need to send us a separate email. Each file size should not exceed 1MB. Scenario for Which Remission Can Be Considered on a Case-by-case Basis. Iras Singapore Contact Phone Number is : (+65) 6351 3636 and Address is 55 Newton Road, Revenue House, Opposite Novena MRT Station, Singapore 307987 The Inland Revenue Authority of Singapore (IRAS) is a Government agency of tax collection. If you wish to apply for a waiver of late payment penalty, please submit your application via the e-Stamping Portal with your SingPass/ CorpPass (Select Requests > Apply for Assessment/ Appeal/ Remission). This application is a service of the Singapore Government. Your DRN is the number which is generated after a stamping record is submitted via the, Please enter a valid Tax Reference Number. You can pay stamp duty via the following payment modes and download the Stamp Certificate after payment is received: If your payment is unsuccessful and you have exited from the payment page, you can retrieve your e-Stamping record and continue your payment by logging in to e-Stamping Portal with your SingPass/ CorpPass > Payments & Transactions > Search Transactions. No. ABSD is only applicable on the purchase of residential properties in Singapore. We believe that developer experience is key to the adoption and success of the API initiatives, and we would like to work with you. For more information on mortgage duty for shares, please visit Mortgaging Shares. IRAS PROOF OF OWNERSHIP. Pantami was speaking on Thursday at the unveiling ceremony […] For enquiries, you can call IRAS at 1800 460 4923, email IRAS at estamp@iras.gov.sg or Click Here to IRAS website . Thereafter, the IRAS has the right to impose a fine of up to $5,000 plus interest based on IRAS’s own discretion. It may not provide for all possible scenarios. For individual buyers, the ABSD rate depends on the residency profile of the buyer and the number of existing residential properties owned at the time of purchase. Please visit Remission of ABSD for a Married Couple for more information. Deductions for Individuals (Reliefs, Expenses, Donations), Basic Guide for New Individual Taxpayers (Foreigners), Individuals (Foreigners) Required to Pay Tax, Deductions for Individuals (Foreigners) (Expenses, Donations, Reliefs, Rebates), Self-Employed / Sole-Proprietors / Partners, Filing Estimated Chargeable Income (ECI) and Paying Estimated Taxes, Companies That Do Not Need to Submit Estimated Chargeable Income (ECI), Applying for Certificate Of Residence or Tax Reclaim Form, About Your Tax Bill – Objecting to Notice of Assessment, Companies Applying for Strike-Off or To Cease Registration, Self-employed / Sole-proprietors / Partners, Deductions for Self-Employed (Reliefs, Expenses, Donations), Calculating and Reporting Business Income, Go to Self-employed / Sole-proprietors / Partners Section, Reporting employee earnings (IR8A, Appendix 8A, Appendix 8B, IR8S), Tax Clearance for Foreign & SPR Employees (IR21), Auto-Inclusion Scheme (AIS) for Employment Income, Common Scenarios - Do I Charge/Deem/Claim GST, Responsibilities of a GST-registered Business, Go to Non-GST Registered Businesses Section, Purchasing Remote Services from Overseas Service Providers, Selling your Property (for En Bloc Sales), Lower Property Tax Rates for Owner-Occupied Residential Properties, Essential Property Tax Information for HDB Flat Owners, Information for Buyers of Private Residential Properties, Information for Buyers of HDB/ DBSS Flats, Information for Buyers of Other Types of Properties, Information for Buyers of Vacant Land or Development Sites, Senior Employment Credit (SEC), CPF Transition Offset (CTO) and Enabling Employment Credit (EEC), Productivity and Innovation Credit Scheme (PIC), Apply/ Withdraw for Owner-Occupier Tax Rates, Stamp Duty for Variable Capital Companies, e-Stamping and Where to e-Stamp Documents, Verifying the Authenticity of Stamp Certificate, Recognition of Law Firms which have adopted FAST Payment for Stamp Duty, Common Stamp Duty Remissions and Reliefs for Property at a Glance, Scenario for Which Remission Can Be Considered on a Case-by-case Basis, Voluntary Disclosure of Errors for Reduced Penalties, How to Seek the Opinion Of Commissioner On Duty Chargeable (Adjudication).