Singapore legislation
Regulation 8
of Property Tax (Tax Deferral for Land Approved for Development) Regulations 2009
Regulation 8
Payment of deferred tax
Subregulation 1
An applicant who has been granted a tax deferral under regulation 5 shall pay the full amount of the deferred tax as follows:
where the period of deferral expires before 21st January 2011, within one month after the expiry; and
where the period of deferral expires on 21st January 2011, no later than 31st January 2011.
Subregulation 2
Notwithstanding anything in paragraph (1)(a) and (b), the tax for the period of deferral may be paid in instalments for a period of up to 12 months at no interest as may be permitted by the Comptroller, in his discretion, pursuant to section 37 of the Act.
Subregulation 3
For the avoidance of doubt, where the applicant fails to pay the deferred tax in accordance with paragraph (1) or (2), whether in whole or in part, section 36(1) of the Act shall apply.