An indirect tax, stamp duty imposes tax primarily on documents relating to the transfer of immovable properties and unlisted shares in Singapore. It is a tax burden ordinarily borne by the buyer and computed based on certain prescribed rates applied to the consideration or market value of the relevant asset, whichever is higher.
For shares, the stamp duty normally payable is calculated based on 0.2 per cent of the purchase price or the net asset value of the shares, whichever is higher. There is no stamp duty on the issuance of new shares as well as the purchase of shares listed on the Singapore Stock Exchange.
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