| Property Tax Act |
| Property Tax (Valuation by Gross Receipts for Hotel Premises) Order 2007 |
|
| Citation and commencement |
| 1. This Order may be cited as the Property Tax (Valuation by Gross Receipts for Hotel Premises) Order 2007 and shall come into operation on 1st January 2008. |
| Definitions |
2. In this Order —
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| Assessment of annual value |
| Assessment for part relating to period less than one year |
| 4. Where, for the purpose of an assessment under paragraph 3(1)(b) and (3), the total gross receipts of a hotel room relate to a period of less than a year, the annual value of the room shall be based on the annual equivalent of the total gross receipts in that period. |
| Statement of gross receipts |
| 5. Where the annual value of hotel rooms in a hotel is to be assessed for any calendar year under this Order, its owner shall furnish to the Chief Assessor, in a form notified by the Chief Assessor to him, by the end of March of that year or such other month as the Chief Assessor may allow, a statement showing such gross receipts as the Chief Assessor may require for computing the annual value of those rooms. |
| Non-application of Order |
6. The annual value of a hotel room in a hotel shall not be assessed under this Order —
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| Revocation |
| 7. The Property Tax (Valuation by Gross Receipts for Hotel Premises) Order (O 4) is revoked. |
Made this 27th day of December 2007.
Permanent Secretary, Ministry of Finance, Singapore. |
| [MOF R42.14.0001 V3; AG/LEG/SL/254/2002/1 Vol. 3] |