Singapore legislation

Regulation 4

of Property Tax (North-East Line, Punggol Light Rapid Transit and Sengkang Light Rapid Transit) Order 2006

Regulation 4

Assessment of annual value for year of commencement of operations

Where the annual value of any relevant rapid transit system or part thereof is assessed in the year of commencement of its operation, the annual value of the relevant rapid transit system or part thereof shall be based on the annual equivalent of the gross receipts from the operation of the relevant rapid transit system or part thereof for that year.

Read in full context — Property Tax (North-East Line, Punggol Light Rapid Transit and Sengkang Light Rapid Transit) Order 2006 →