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).