14 November 2013
The following Orders were first published in the Government Gazette, Electronic Edition, on 12 November 2013, and shall come into operation on 1 January 2014:
- Property Tax (Rates for Residential Premises) Order 2013 [No. S 691/2013]
- Property Tax (Rates for Non-Residential Premises) Order 2013 [No. S 692/2013]
- Property Tax (Progressive Tax Rates for Owner-Occupied Residential Premises) (Revocation) Order 2013 [No. S 693/2013]
The Property Tax (Progressive Tax Rates for Owner-Occupied Residential Premises) (Revocation) Order 2013 revokes the Property Tax (Progressive Tax Rates for Owner-Occupied Residential Premises) Order 2010 [G.N. No. S 512/2010].
The Property Tax (Rates for Non-Residential Premises) Order 2013 provides the meaning of “non-residential premises” and the tax rates for non-residential premises for the year 2014 onwards.
The Property Tax (Rates for Residential Premises) Order 2013 gives definition to “residential premises”, “owner of residential premises” and “owner-occupation”, and provides the tax rates for owner-occupied residential premises and residential premises that are not owner-occupied from 1 January 2014. The Order also revokes the following:
- Property Tax (Owner-Occupied Wood and Attap Dwelling-house) Order (O 1);
- Property Tax (Rates) Order (O 9); and
- Property Tax (Rate for Owner-Occupied Residential Premises) Order (O 10).
For the property tax rates from 1 January 2014, see the Property Tax section of TAX@SG’s Singapore Tax Guide here.
Source: Government Gazette