SINGAPORE — A Bill will be introduced on Tuesday (7 April) to ensure that property owners pass on the 100 per cent Property Tax Rebate for non-residential properties to their tenants.
SINGAPORE — A Bill will be introduced on Tuesday to ensure that property owners pass on the 100 per cent Property Tax Rebate for non-residential properties to their tenants, said Deputy Prime Minister and Finance Minister Heng Swee Keat in Parliament on Monday.
“I will increase the rental waiver for industrial, office and agricultural tenants of Government agencies to 1 month, up from the 0.5 month’s rental waiver I announced at the Resilience Budget,” said Heng during his speech to unveil a third supplementary budget to help workers and employers in Singapore amid the COVID-19 pandemic.
Dubbed the Solidarity Budget, the latest monetary injection will see $5.1 billion being used to help the Singapore economy through its one-month circuit breaker period. From 7 April to 4 May, most businesses except for those providing essential services will be closed, while schools and institutes of higher-learning will switch to full home-based learning.
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