Singapore legislation

Regulation 5

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

Regulation 5

Gross receipts relating to period of less than one year

Where the gross receipts of any relevant rapid transit system or part thereof relate to a period of less than a year, 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 period.

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