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Update IRAS to Avoid Penalties

Property owners should update IRAS about changes to their properties on time to avoid unnecessary penalties.
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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.
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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.
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Events Requiring Updates

In the following events, property owners (or their representatives) must fulfill their obligations to update IRAS.

Sale or Transfer under Section 19(1)

Persons Responsible

Time from event

Inform us

Vendor or transferor

Within one month after sale or transfer

Update Property Ownership

For details, please refer to Selling your Property .

Completion of Demolition under Section 19(7)

Persons Responsible

Time from event

Inform us

Owner

Within 15 days from the completion of demolition

1) Log in to mytax.iras.gov.sg

2) At the top menu, Select "Email Us (myTax Mail)".

     

    For details, please refer to Demolishing or Rebuilding your Property .

    Rental of Property under Section 19(9)

    You do not need to update IRAS if the tenancy agreement has been e-Stamped via our e-Stamping Portal:

    1. Within 14 days from the signing of the tenancy agreement if it was signed in Singapore or
    2. Within 30 days from receipt of the tenancy agreement in Singapore if it was signed overseas

    Otherwise, you must inform us within 15 days after letting out your property.

    Persons Responsible

    Time from event

    Inform us

    Owner

    Within 15 days from 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, please refer to Renting out your Property .

    Increase in Rental Sum Charged under Section 19(9)

    Stamp duty is payable on the tenancy agreement when there is an increase in rental amount or extension of lease period. You do not need to update IRAS if the tenancy agreement has been e-Stamped via our e-Stamping Portal:

    1. Within 14 days from the signing of the tenancy agreement if it was signed in Singapore or
    2. Within 30 days from receipt of the tenancy agreement in Singapore if it was signed overseas

    If you do not have a tenancy agreement, you can inform us via the following: 

    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)".

    For details, please refer to Update IRAS on changes to the Rent .

    Premium Charged for Letting under Section 19(10)

    You do not need to update IRAS if the contract has been e-Stamped via our e-Stamping Portal:

    1.  Within 14 days from the signing of the tenancy agreement if it was signed in Singapore or
    2. Within 30 days from receipt of the tenancy agreement in Singapore if it was signed overseas

    Otherwise, you must inform us within 15 days of receipt of the 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)".

    Cessation of Owner-Occupation under Section 19(11)

    Persons Responsible

    Time from event

    Inform us

    Owner

    Within 15 days of ceasing to occupy the property

    1) Log in to mytax.iras.gov.sg
    2) At the top menu, Select "Property > Withdraw Owner-Occupier Tax Rates".

    For details, please refer to Moving out of your Property .

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