Update IRAS to Avoid Penalties
Property owners should update IRAS about changes to their properties on time to avoid unnecessary penalties.
Obligation to Update IRAS
To enable the Chief Assessor/Comptroller of Property Tax to accurately assess your property tax liability, property owners (or their representatives) are required to update IRAS with information pertaining to their property.
Penalty for Failure to Update IRAS
According to S19(13) of the Property Tax Act, a fine of not exceeding $5,000 will be imposed on any person who fails to duly inform the Chief Assessor/Comptroller of Property Tax of any of the events below.
Events Requiring Updates
In the following events, property owners (or their representatives) must fulfill their obligations to update IRAS.
You must inform IRAS within 15 days after letting out your property. You do not need to update us if the tenancy agreement has been e-Stamped via our
e-Stamping Portal within 15 days after the letting of your property.
Persons Responsible | Time from event | Inform us |
---|
Owner | Within 15 days after letting out of the property | 1) Log in to
mytax.iras.gov.sg 2) At the top menu, Select "Email Us (myTax Mail)". |
For details on Property Tax relating to letting out your property, please refer to
Renting out your Property. For details on Stamp Duty on leases of properties, please refer to
Renting a Property.
You must inform IRAS within 15 days after you increase the rent or rental charges (i.e. furniture, maintenance and service). You do not need to update IRAS if the document has been e-Stamped via our
e-Stamping Portal within 15 days after the increase.
Persons Responsible | Time from event | Inform us |
---|
Owner | Within 15 days after the increase | 1) Log in to
mytax.iras.gov.sg 2) At the top menu, Select "Email Us (myTax Mail)". |
You must inform IRAS within 15 days of receipt of the premium. You do not need to update IRAS if the contract has been e-Stamped via our
e-Stamping Portal within 15 days of receipt of premium.
Persons Responsible | Time from event | Inform us |
---|
Owner | Within 15 days of receipt of the premium | 1) Log in to
mytax.iras.gov.sg 2) At the top menu, Select "Email Us (myTax Mail)". |