Singapore legislation
Clause 10
Clause 10
Amendment of section 18
Section 18 of the principal Act is hereby amended —
(a)
by inserting immediately after subsection (4) thereof the following new subsection: —“(5) Notwithstanding that an appeal has been made to the Valuation Review Board pursuant to subsection (4) of this section, there shall be payable to account of tax in respect of the property a sum calculated at the prescribed rate of tax on the basis of the proposed annual value thereof. Such sum shall be payable and recoverable in the manner in which taxes are payable and recoverable under this Act.”; and
(b)
by renumbering subsections (5), (6) and (7) thereof as subsections (6), (7) and (8) respectively.