ABSD is not payable for tenancy agreements, Iras said. Read more at straitstimes.com.
SINGAPORE – The Inland Revenue Authority of Singapore has warned of fraudulent e-mails purportedly from the Monetary Authority of Singapore that seek payment for additional buyer’s stamp duty from tenants.
The fake certificate states that the tenant owes $4,536 in stamp duty based on a rate of 4 per cent of a 36-month tenure. It claims that the ABSD will be refunded when the tenant’s lease expires.
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