Lawrence Wong on Stamp Duties (Amendment) Bill
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Lawrence Wong on Stamp Duties (Amendment) Bill(Updated: )
Second Minister for Finance Lawrence Wong spoke in Parliament on Monday (Sep 10) on the Stamp Duties (Amendment) Bill. One of the main changes is to provide for stamp duties to be levied on electronic records that effect a transfer of interest in properties and shares. Mr Wong said this is in line with Singapore's move towards becoming a Smart Nation, as the use of digital technology becomes pervasive and more transactions are done electronically.