How to pay seller stamp duty and what are the documents required?

To pay the Seller's Stamp Duty (SSD) in Singapore, you can use the e-Stamping Portal provided by IRAS. Here are the steps and required documents:

Payment Methods

• You can pay SSD online through the e-Stamping Portal using various payment modes such as eNETS, GIRO, or internet banking fund transfer.
• Alternatively, you can make payments via AXS kiosks, websites, or at the IRAS Surf Centre.
• For larger amounts, you can also use a cheque if the document allows it.

Required Documents

• Seller's Stamp Duty for Residential Properties Declaration Form: This form must be completed by law firms representing the sellers. Although it does not need to be submitted to IRAS, law firms are advised to retain the original declaration forms for at least 5 years from the date of sale or disposal of the property, as IRAS may request them for audit purposes.
• Other Relevant Documents: Ensure you have all necessary documents related to the sale or disposal of the residential property, as these will be required for the e-Stamping process.

Process

• Log in to the e-Stamping Portal and follow the instructions to complete the stamping process.
• If you are eligible for remission of SSD, you can obtain the remission certificate through the e-Stamping Portal as well.

It is crucial to pay the SSD within the stipulated timeframe to avoid late payment penalties. The stamp duty should be paid before the document is signed, or at the latest, within 14 days of the document being signed in Singapore, or within 30 days if the document was signed overseas.