Singapore legislation

Regulation 7

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

Regulation 7

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

The Chief Assessor may, in his discretion, determine that this Order shall not apply to the assessment of the annual value of any relevant rapid transit system or part thereof where the relevant rapid transit system or part thereof is operated by, or handed over to, any person other than SBS Transit Ltd who is licensed by the Land Transport Authority of Singapore to operate the relevant rapid transit system or part thereof.

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