Qualifying disclosure
Provide an accurate and complete disclosure before an IRAS query on the matter or notification of an audit or investigation. Cooperate fully and pay, or honour arrangements to pay, additional duty and penalties. The broader VDP covers several tax types, whose penalty treatments differ. Do not import the income-tax grace period into stamp duty.
Stamp duty treatment
For qualifying late stamping or underpayment, the reduced penalty is 5% per annum on additional duty, calculated daily. Qualifying stamp duty avoidance disclosure has a flat 5% additional-duty surcharge. Cases involving wilful evasion have separate treatment; early disclosure does not itself guarantee immunity. Use the official programme guide and provide the transaction chronology and instrument records.
Official source
A concise, independent Apex Gateway guide based on the official English source, not a reproduction of the complete document. Consult the original for full conditions, exceptions and subsequent updates.
Read the official source ↗