06 Sep '17, 3am

Two proposed changes to property tax

A total of 24 suggestions were received on the Property Tax (Amendment) Bill 2017. The Ministry of Finance will proceed with two proposed amendments to the Property Tax (Amendment) Bill 2017. This follows a public consultation exercise in May which drew a total of 24 suggestions. SEE ALSO: Views wanted on proposed changes to Property Tax Act The amendments include implementing an opt out approach for digital property tax notices and enhancing the information-gathering powers of the Comptroller of Property Tax, the Chief Assessor and their authorised officers. However, the ministry will continue to study the proposed amendment relating to the exemption of machinery from property tax. The changes aim to update legislation and improve tax administration. Romesh Navaratnarajah , Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email ...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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