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:
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).
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 .