In line with the Government’s push to encourage electronic payment (“e-payment”) to enhance convenience and efficiency for citizens and businesses, IRAS has introduced FAST payment for conveyancing stamp duties.
FAST payment allows the instantaneous payment of up to $200,000 of stamp duties and the immediate issuance of the stamp certificate. It will replace cheques as the primary mode of stamp duty payment.
As law firms play an important role in helping property buyers and sellers fulfill their stamp duty obligations, including advising them on the appropriate mode of payment and payment due date, we are featuring the top 5 law firms which have supported the FAST payment initiative. The ranking will be based on the number of FAST payments made by the firm’s clients in the preceding calendar quarter and the list will be refreshed on the 15th of the subsequent calendar quarter.
Top 5 law firms based on number of FAST payments
This refers to law firms which had the most number of clients who paid their conveyancing stamp duties via FAST during the calendar quarter.