Singapore legislation

Regulation 4

of Property Tax (Circle Line) Order 2012

Regulation 4

Non-application of assessment based on gross receipts in certain circumstances

This Order shall cease to apply to the assessment of the annual value of the Circle Line in the event the licence issued to SMRT Trains Ltd under section 13 of the Rapid Transit Systems Act (Cap. 263A) for the operation of the Circle Line expires or is revoked, cancelled or suspended, whichever first occurs.

Read in full context — Property Tax (Circle Line) Order 2012 →