• Taxation

    Stamp Duty For Shares

Package

A Stamp Duty is the levy imposed when purchasing shares in a company, whether it’s a public or private entity, or when acquiring any immovable property in Singapore.

Our package is designed to assist you with the process of Stamp Duty for Shares.

S$400

Per application

Both “a la carte” and “packaged” pricings are available on demand to better fit with your evolving corporate needs.

Please note that we reserve the right to modify prices and relevant terms without prior notice – if deemed necessary by market conditions.

What is Included in this Package

Services Included:

  • 1-time Filling for Stamp Duty For Shares

Package Suitability

Legal Requirement

When purchasing shares, stamp duties are applied to the documents related to the transfer of shares to the buyer.

The duty is calculated based on the higher of the actual transaction price or the market value of the shares, with the current stamp duty rate set at 0.2%.

Process of Filing for Stamp Duty For Shares

Filing stamp duty for shares in Singapore involves submitting the required forms and documents to the Inland Revenue Authority of Singapore (IRAS).

Stamp duty is calculated based on the transacted price or market value of the shares and must be paid within 14 days of the share transfer.

Penalties for Late Filing

If payment is not made by the due date, IRAS may:

  • Impose a penalty.
  • Appoint agents (e.g., bank, employer, tenant, etc.) to reclaim the overdue duty.
  • Travel Restriction Order outside of Singapore.
  • Take legal action if necessary.

Commonly Asked Questions

Regulation:

What is Stamp Duty for Share Transfer?

A stamp duty is a levy applied when purchasing shares in a company, whether public or private, or any immovable property in Singapore.

Governed by the Stamp Duties Act, the Act’s First Schedule outlines the specific dutiable documents subject to stamp duty, emphasizing the need for shareholders to adhere to proper procedures and pay the applicable stamp duty when transferring shares in private limited companies.

How much is the Stamp Duty for Share Transfer?

When purchasing shares, stamp duties are due on the associated paperwork for the transfer.

The duty is calculated based on either the actual transaction price or the market value of the shares, with the current rate set at 0.2%.

On what Documents is Stamp Duty Payable regarding Share Transfer in Singapore?

In Singapore, stamp duty is payable on various documents related to share transfers, including:

  • Share transfer forms: Any document used to transfer shares from one party to another is subject to stamp duty.
  • Share purchase agreements: Agreements outlining the terms and conditions of share purchases are also subject to stamp duty.
  • Share transfer instruments: Instruments or deeds used to effect the transfer of shares, such as stock transfer forms, are subject to stamp duty.
  • Share certificates: When shares are transferred, and new share certificates are issued to reflect the ownership change, stamp duty may be applicable.
  • Any other document that evidences or facilitates the transfer of shares in a company.

It’s important to note that the stamp duty rate and specific documents subject to stamp duty may vary based on the nature and value of the share transfer.

Who Needs to Pay the Stamp Duty?

The responsibility for paying stamp duty on share transfers is usually specified in the agreement between the transferor and transferee.

If the agreement doesn’t specify, the Stamp Duties Act’s Third Schedule mandates that the transferee is responsible for paying the stamp duty.

INQUIRY FORM

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TAXATION 

(Stamp Duty For Shares)

Please complete the Inquiry Form below to receive tailored assistance for your business operations and corporate needs from BESO.

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Thank you for your interest!

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