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Members of the public and agents (lawyers, property agents, managing agents) can use the e-Stamping service to pay stamp duty on their documents such as Sale & Purchase Agreements, Tenancy Agreements, Share Transfer and Mortgages.
Please refer to How to stamp Lease or Tenancy Agreements for the illustrated guide for stamping a Lease or Tenancy Agreement. Stamp Duty on leases is payable based on the contractual rental or the market rental, whichever is higher, at the Lease Duty rates.
Who Should Pay Stamp Duty. Check the terms of the document (e.g. tenancy agreement) to determine who is contractually required to pay the stamp duty. When the terms do not state who is liable, the party to pay stamp duty will follow that as specified in the Third Schedule of the Stamp Duties Act.
Aug 18, 2023 · Stamp duty for rental units is necessary for renters in Singapore, whether you rent a bedroom or an entire unit. Payment must be made within 14 days of the tenancy agreement being signed in Singapore (30 days if signed overseas).
myTax Portal. Stamp Duty Calculator. Verification Code. Enter verification code* myTax Portal is a secured, personalised portal for you to view and manage your tax transactions with IRAS, at your convenience.
Nov 14, 2023 · There is no tenancy agreement, just verbal agreement. Stamp Duty is a tax on document (physical or electronic). If the tenancy agreement was executed via electronic modes such as WhatsApp, email, websites, or SMS, stamping is still required, and stamp duty is payable.
Stamp Duty is calculated using Lease Duty rates and is based on the higher of the contractual rent or the market rent. Average Annual Rent (AAR) is determined based on the higher of the average annual contractual or annualized market rent, including other considerations. Properties with an AAR of $1,000 or less are exempt from Stamp Duty.
