Property Tax Act 1960 · 2020 Revised Edition · Part 3 · Imposition of Property Tax
7. Valuation by gross receipts
Feedback & supportThe Minister may, by order in the Gazette, require the annual value of any property or part thereof falling within such category as may be prescribed to be assessed on the basis of the gross receipts (whether in the preceding or current year) arising from the use of that property for the purposes of any trade or business and such assessment must be determined in the manner specified in the order.
Minister
“Minister” means —(a)in relation to the definitions of “prescribed structural network” and “public authority” in section 2(1) and sections 2(8), 3(1), 6(8), (9) and (12), 7, 9(2) and (3), 19(9), 23(1) and (3) to (7), 24, 25, 66(13) and 69, the Minister charged with the responsibility for finance; and(b)in relation to section 49(1), (3), (4), (7), (8) and (9), the Minister charged with the responsibility for national development;