Singapore legislation
Regulation 3
of Property Tax (Valuation by Gross Receipts for Jurong Port) Order
Regulation 3
Assessment of annual value
Subject to the provisions of this Order, the annual value of a port facility —
(a)
for the year 2001, shall be 9% of the gross receipts arising from the port operations carried out at the port facility by JTC in 2000; and
(b)
for the year 2002 and every subsequent year, shall be 9% of the gross receipts arising from the port operations carried out at the port facility by Jurong Port Pte Ltd in the preceding calendar year.