Is there a stamp duty for allotment or transfer of shares for a Singapore company?
• No stamp duty is payable on the allotment of shares. • Stamp duty is payable on the transfer of shares. Stamp duty on transfer of shares is payable on: • Transfer of shares by way of gift • Transfer of shares on sale • Distribution of assets Stamp duty must be paid within: • 14 days from the date of execution if the document is signed in Singapore; • 30 days of its receipt in Singapore if the document is signed overseas. The Stamp Duty rate is based on the Consideration or Net Asset Value, whichever is higher. The current rate is S$0.20 for every S$100 or part thereof. This is applicable to the transfer of both preference and ordinary shares.
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