Other Indirect Taxes
Other indirect taxes are not significant except for excise duties mainly on tobacco and liquor, betting duties and various duties related to vehicle ownership.
With effect from 20 February 2018, there are differentiated Buyer Stamp Duty's (BSD) rates between residential and non-residential properties. The BSD rate for acquisition of residential properties from 20 February 2018 to 14 February 2023 is up to 4%.
From 15 February 2023, the top marginal rate for residential properties is 6%, and the top marginal rate for non-residential properties is 5%.
Click here to download the Doing Business in Singapore 2023 guide
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