Update IRAS on changes to the Rent

You should ensure that your tenancy agreement is e-Stamped when there are changes to the rent/lease and pay income tax on the rental income.

Notifying IRAS of Changes to the Rent

Stamp duty is payable on the tenancy agreement when there is an increase in the rental amount or an extension of the 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
       

Penalty for Non-Compliance

The penalty for non-compliance of the above obligation is a fine of up to $5,000 and an interest on the tax amount at such rate as may be prescribed (if any).

Pay Income Tax on Rental Income

The rent that you receive from the letting of your property in Singapore is subject to income tax. Find out more about Rent from property.

For companies that own property for rental, refer to corporate owners .

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