{"id":1511,"date":"2020-02-18T12:14:55","date_gmt":"2020-02-18T04:14:55","guid":{"rendered":"http:\/\/ehluar.com\/main\/?p=1511"},"modified":"2020-02-29T12:35:59","modified_gmt":"2020-02-29T04:35:59","slug":"e-tax-guide-on-property-tax-rebate-for-qualifying-commercial-properties-budget-2020","status":"publish","type":"post","link":"http:\/\/ehluar.com\/main\/2020\/02\/18\/e-tax-guide-on-property-tax-rebate-for-qualifying-commercial-properties-budget-2020\/","title":{"rendered":"e-Tax Guide on Property Tax Rebate for Qualifying Commercial Properties \u2013 Budget 2020"},"content":{"rendered":"\n

On or about 18 February 2020, the Inland Revenue Authority of Singapore (IRAS) has published the e-Tax Guide on Property Tax Rebate for Qualifying Commercial Properties \u2014 Budget 2020.<\/em><\/p>\n\n\n\n

This e-Tax Guide provides details on the property tax rebate for qualifying commercial properties announced in Budget 2020. This e-Tax Guide may be updated in accordance with the full details of the rebate that will be published in the ministerial remission order at a later date.<\/p>\n\n\n\n

As part of the Government\u2019s Stabilisation and Support Package, owners of qualifying commercial properties will be granted property tax rebate for the period of 1 January 2020 to 31 December 2020 on their property tax payable.<\/p>\n\n\n\n

(a) The rebate is 30% of the property tax payable for:<\/p>\n\n\n\n

  1. Accommodation and function room components of hotels licensed under the Hotels Act;<\/li>
  2. Accommodation and function room components of serviced apartments; and<\/li>
  3. Meetings, Incentives, Conventions and Exhibitions (MICE) space components of prescribed MICE venues, namely Suntec Singapore Convention & Exhibition Centre, Singapore EXPO, and Changi Exhibition Centre.<\/li><\/ol>\n\n\n\n

    (b) The rebate is 15% of the property tax payable for other qualifying commercial properties. Some examples include:<\/p>\n\n\n\n

    1. Premises of an international airport i.e. Singapore Changi Airport; <\/li>
    2. Premises of a prescribed international cruise or regional ferry terminal. The prescribed cruise and ferry terminals are Singapore Cruise Centre, Marina Bay Cruise Centre and Tanah Merah Ferry Terminal; <\/li>
    3. Shops (e.g. retail and F&B), including those within hotels, serviced apartments, and the prescribed MICE venues under (a)(3);<\/li>
    4. Premises of tourist attractions (e.g. Singapore Zoological Gardens, <\/li>
    5. Singapore Flyer and Haw Par Villa).<\/li><\/ol>\n\n\n\n

      (c) The rebate is 10% of the property tax payable for:<\/p>\n\n\n\n

      • Marina Bay Sands; and<\/li>
      • Resorts World Sentosa.<\/li><\/ul>\n\n\n\n

        The above 30% and 15% property tax rebates do not apply to them.<\/p>\n\n\n\n

        No rebate shall be given to any premises or a part of any premises used for any residential, industrial or agricultural purpose, or as an office, a business or science park, or a petrol station.<\/p>\n\n\n\n

        Full details on the scope of the rebate will be published in the ministerial remission order at a later date.<\/p>\n\n\n\n

        The IRAS will send out the rebate notices by 30 April 2020<\/strong>, Owners of qualifying properties can expect to receive their refunds by 31 May 2020<\/strong>. <\/p>\n\n\n\n

        Source: IRAS website, 18 February 2020<\/p>\n","protected":false},"excerpt":{"rendered":"

        On or about 18 February 2020, the Inland Revenue Authority of Singapore (IRAS) has published the e-Tax Guide on Property Tax Rebate for Qualifying Commercial Properties \u2014 Budget 2020. This e-Tax Guide provides details on the property tax rebate for qualifying commercial properties announced in Budget 2020. This e-Tax Guide may be updated in accordance […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8,11,6],"tags":[],"class_list":["post-1511","post","type-post","status-publish","format-standard","hentry","category-incometax","category-property-tax","category-techupdates"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/1511","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/comments?post=1511"}],"version-history":[{"count":1,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/1511\/revisions"}],"predecessor-version":[{"id":1512,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/1511\/revisions\/1512"}],"wp:attachment":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/media?parent=1511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/categories?post=1511"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/tags?post=1511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}