Singapore legislation
Regulation 3
of Property Tax (Valuation of Properties of the Housing and Development Board) Order
Regulation 3
Contribution in lieu of tax payable by Board
Subregulation 1
The Board shall, in respect of the properties specified in the first column of the Schedule, pay to the Government by way of contribution a sum in lieu of the property tax payable under the Act ascertained in accordance with sub-paragraph (2).
Subregulation 2
The sum of contribution payable shall be at the prevailing tax rate upon the Annual Value of the property specified in the second column of the Schedule.
Subregulation 3
The sum of contribution shall be payable for the period specified in the third column of the Schedule and shall be paid yearly in advance, without demand, in the month of January.