General Taxes

Information on capital gains tax, trusts and estate duty with details on who is liable to pay what amount, when and to what organisation...

The Inland Revenue Authority Singapore (IRAS) manages Singapore tax collection.

Stamp Duty

Stamp duty is levied on some commercial and legal documents concerning transactions. It must be paid even if the transaction is eventually aborted.

Not all documents are subject to duty; stamp duty is usually only payable on documents relating to immovable property, stocks and shares. These include a sale or mortgage of immovable property, as well as shares or leases of immovable property.

Estate Duty

There is no estate duty payable for deaths on and after 15 February 2008.

Trusts

Any resident beneficiaries of a trust income will be assessed on the income received by them at their personal tax rates in the year of assessment. Beneficiaries have to declare the entitlement of income in their personal income tax forms. However, where there are non-resident beneficiaries of Singapore, the trustee will have to pay tax on their shares of entitlement.

  • The IRAS website has more information trust

Capital Gains Tax

Capital gains are not subject to tax in Singapore. For instance, if a person buys and sells shares at a profit, the profit is not subject to tax. However, the dividends earned from shares are income and subject to income tax.

Further Information

 

Disclaimer
Tax law is complex and every effort has been made to offer information that is current, correct and clearly expressed. The information in this summary is intended to be no more than a general overview of the position and certain details have been deliberately omitted. The contents of this page should not be taken as an authoritative statement of Singapore tax law and practice. Neither the author nor the publisher are responsible for the results of actions taken on the basis of information contained in this summary, nor for any errors or omissions. This text is not intended to render legal, accounting or tax advice. Readers are encouraged to seek professional advice concerning specific matters before making any decision.