Singapore legislation

Clause 10

of Property Tax (Amendment) Bill

Clause 10

Amendment of section 22

Section 22 of the principal Act is amended by inserting, immediately after subsection (3), the following subsection:“(3A) Notwithstanding any objection referred to in subsection (2), there shall be payable to account of tax in respect of that property a sum of money calculated at the prescribed rate of tax on the basis of the proposed annual value under section 20(2); and such sum shall be payable and recoverable in the same manner in which taxes are payable and recoverable under this Act.”.