Govt will introduce new legislation next week to ensure commercial property owners pass tax rebates -- intended to help local businesses deal with the coronavirus impact -- onto their tenants, the Ministry of Finance says in a statement Thursday.
- Govt received feedback that some property owners have not yet passed on the rebate to tenants; proposed provisions ensure this will be done in full, statement says.
- NOTE: Deputy Prime Minister and Minister for Finance Heng Swee Keat last month
announced a property tax rebate of up to 100% for non-residential properties, for tax payable in 2020
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Katrina Nicholas
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