No. S 367
Stamp Duties Act
(CHAPTER 312)
Stamp Duties
(Housing Developers) (Remission of ABSD)
(Amendment) Rules 2020
In exercise of the powers conferred by section 74 of the Stamp Duties Act, the Minister for Finance makes the following Rules:
Citation and commencement
1.  These Rules are the Stamp Duties (Housing Developers) (Remission of ABSD) (Amendment) Rules 2020 and are deemed to have come into operation on 1 February 2020.
Amendment of rule 3
2.  Rule 3 of the Stamp Duties (Housing Developers) (Remission of ABSD) Rules 2013 (G.N. No. S 362/2013) is amended —
(a)by inserting, immediately after paragraph (2), the following paragraphs:
(2A)  However, in a case where —
(a)the date of execution of the instrument is on or before 1 June 2020; and
(b)without regard to this paragraph, the last date by which the qualifying developer must comply with paragraph (2)(c) is on or after 1 February 2020,
then the reference to 2 years in paragraph (2)(c) and (e) is each replaced with a reference to 2 years and 6 months.
(2B)  In addition, in a case where —
(a)the date of execution of the instrument is on or before 1 June 2020; and
(b)without regard to this paragraph, the last date by which the qualifying developer must comply with paragraph (2)(d) is on or after 1 February 2020,
then the reference to 5 years in paragraph (2)(d) and (f) is each replaced with a reference to 5 years and 6 months.”; and
(b)by deleting the words “For the purpose of paragraph (2)” in paragraph (3) and substituting the words “For the purposes of paragraphs (2), (2A) and (2B)”.
[G.N. No. S 455/2018]
Made on 5 May 2020.
TAN CHING YEE
Permanent Secretary,
Ministry of Finance,
Singapore.
[R54.1.2.V8; AG/LEGIS/SL/312/2020/2 Vol. 1]