Singapore legislation
Section 9
Section 9
Rates of tax
(1)
The tax payable in respect of each year is at the rate of 36% upon the annual value of every property included in the Valuation List.
(2)
The Minister may, by order in the Gazette, direct that the tax payable in respect of any property prescribed, or falling within a class of property prescribed, or any part of such property, is at a rate or rates less than 36%; and different rates may be specified for different properties or classes of properties prescribed.
(3)
For the purposes of this Act, a reference to a change in the prescribed class of any property is a reference to the property or part thereof —
being prescribed or falling within a class prescribed by the Minister under subsection (2), where it was previously not so prescribed or it previously did not fall within any prescribed class, as the case may be; or
ceasing to be prescribed or to fall within a prescribed class, whether or not it also falls within any other prescribed class,because of a change in circumstances relating to the property (including a change in the use of the property or part thereof).