Govt withdraws deferment of stamp duty payment on all contracts
SINGAPORE : The government has withdrawn the deferment of stamp duty payment on all contracts.
The concession for deferment was introduced about eight years ago as part of the off-budget measures to cushion the impact of the economic slowdown.
It allowed property buyers to pay the stamp duty at a later date.
But in a statement, the Inland Revenue Authority says this has now been withdrawn because the economic conditions and property market have improved.
So property buyers must now pay stamp duty within 14 days from the date of acceptance of the Option to Purchase.
Those who have accepted it before Dec 15 will not be affected by this change. - CNA /ls
On one hand the govt saying(only) try to keep the cost living affordable ....on the other hand......it starts to increase this and that and implementing charges on this and that.........WTF.
My F U C K I N G salary had been freeze since 1997...No become lower......knn