25 February 2014

Following the Budget 2014 announcement regarding the streamlining of the stamp duty rate structure,

• the Inland Revenue Authority of Singapore (“IRAS”) issued a new e-Tax Guide “Budget 2014: Streamlining the Stamp Duty Rate Structure” on 21 February 2014. The guide explains the stamp duty changes introduced in Budget 2014 and is available on the IRAS website; and
• the Stamp Duties Act (Amendment of First Schedule) Notification 2014 [S 96/2014] was published in the Government Gazette, Electronic Edition, on 21 February 2014.

For an overview of the changes announced, please refer to the TAX@SG post “Singapore Budget 2014 – Overview of tax changes” dated 24 February 2014.

Source: Inland Revenue Authority of Singapore and Government Gazette