The Inland Revenue Authority of Singapore (Iras) has warned of fraudulent e-mails purportedly from the Monetary Authority of Singapore that seek payment for additional buyer’s stamp duty (ABSD) from tenants. The e-mail, which has a fake certificate of stamp duty attached,...
The Inland Revenue Authority of Singapore has warned of fraudulent e-mails purportedly from the Monetary Authority of Singapore that seek payment for additional buyer’s stamp duty from tenants.
The e-mail, which has a fake certificate of stamp duty attached, claims that the recipient’s endorsement has to be “validated” as payment for ABSD is outstanding, Iras said in an advisory on its website on Tuesday. The fake certificate states that the tenant owes $4,536 in stamp duty based on a rate of 4 per cent of a 36-month tenure. It claims that the ABSD will be refunded when the tenant’s lease expires.
It also includes a website address for the tenant to check whether the stamp certificate is genuine. As at Wednesday, the website could not be accessed.The tax authority advised the public to ignore the e-mail and not provide any personal, credit card or bank account details, make payments or follow any instructions in the e-mail. It also urged the public to verify the authenticity of stamp certificates on the Iras website.
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