Property Tax (Tourist Projects) Order - Singapore Statutes Online

Property Tax Act

(Chapter 254, Section 6A)

Property Tax (Tourist Projects) Order

O 6

G.N. No. S 294/1987

REVISED EDITION 1990

(25th March 1992)

[1st January 1987]

Citation

1. This Order may be cited as the Property Tax (Tourist Projects) Order.

Definitions

2. In this Order —

“approved tourist project” means a project for the promotion of tourism approved by the Minister for the purposes of this Order;

“gross receipts” means the sum total of —

(a)	any admission fee to the premises or part of the premises of an approved tourist project received by the owner;
(b)	the total receipts of the owner from any trade or business carried on by him in any part of the premises of an approved tourist project which is not leased or licensed out;
(c)	the rental or licence fees for the premises or any part of the premises of an approved tourist project received by the owner, where the amount of the rental or licence fees is not in the opinion of the Chief Assessor lower than the market rental or licence fees payable for such premises;
(d)	the total receipts from any trade or business carried on in any part of the premises of an approved tourist project which is leased or licensed out, where the amount of the rental or licence fees is in the opinion of the Chief Assessor lower than the market rental or licence fees payable for such premises; and
(e)	any other fee or charge levied by the owner on or for the use of the premises of an approved tourist project.

Calculation of annual value of approved tourist project

3.—(1) Subject to this Order, the annual value of the premises of an approved tourist project in any year during the period of 5 years from the date of completion of the buildings in the premises shall be 6% of the gross receipts from the premises during the preceding calendar year.

(2) In relation to any approved tourist project, the Minister shall specify the premises that qualify to be assessed under paragraph (1).

Minister may impose conditions

4.—(1) For the purposes of this Order, the Minister may —

(a)	specify a date before which the construction of the buildings in the premises of an approved tourist project shall be completed;
(b)	require the owner to fulfil or comply with any other condition specified by the Minister in connection with an approved tourist project.

(2) Where the construction of the buildings in the premises of an approved tourist project is completed later than the date specified by the Minister, the period during which the annual value is to be computed in accordance with paragraph 3 shall be reduced by a period equal to the delay in completion.

(3) Where the owner has not fulfilled or has failed to comply with any condition as required under paragraph 4(1)(b), the premises of an approved tourist project shall not be assessed under this Order.

Calculation of annual value of approved tourist project during first calendar year of its operation

5. The annual value of the premises of an approved tourist project assessed during the first calendar year of its operations shall be based on the annual equivalent of the gross receipts for that year.

Gross receipts relating to period of less than a year

6. Where for the purpose of an assessment under this Order the gross receipts of the premises of an approved tourist project relate to a period of less than a year, the annual value of those premises shall be based on the annual equivalent of the gross receipts.

Owner to furnish statement of gross receipts

7.—(1) Where the annual value of the premises of an approved tourist project is to be assessed for any year, the owner of those premises shall furnish to the Chief Assessor by the end of April of that year a statement certified by a person qualified for registration as an accountant under the Accountants Act (Cap. 2A) and showing for the preceding year the gross receipts of those premises.

(2) An owner who fails to furnish the statement referred to in sub-paragraph (1) without reasonable excuse shall be guilty of an offence.

Consequence of furnishing false statement

8. The premises of an approved tourist project shall not be assessed under this Order if the Chief Assessor is satisfied that the statement furnished pursuant to paragraph 7 is false.

Inapplicability of Order

9. This Order shall not apply to premises operated as a hotel whether outside or within the premises of an approved tourist project.

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