DBS partners taxman to digitalise stamp duty collection in Singapore

From November, taxpayers will be able to set up a Giro account online to pay their stamp duties

Singapore

THE Inland Revenue Authority of Singapore (Iras) collected S$4.6 billion from stamp duties - a tax levied on property transactions - for the fiscal year ended March 31, with most taxpayers paying by cheque.

To smoothen the payments process for stamp duty collection, DBS