Singapore legislation
Regulation 3
of Property Tax (Prescribed Interest Rates) Regulations 2016
Regulation 3
Prescribed interest rates
Amended byS 186/2023 wef 01/04/2023
The rate at which interest is payable under a provision in the Schedule for any period is —
(a)
where the provision is the provision mentioned in item 1, 2 or 5 of the Schedule — 4.5%-point above the 3-month compounded SORA; or
(b)
where the provision is the provision mentioned in item 3 or 4 of the Schedule — 1.5%-point above the 3-month compounded SORA.