Tenants sceptical that landlords will pass on rebates in Resilience Budget
Singapore
MAJOR landlords say they intend to pass on the expanded property tax rebates announced in Thursday's Budget, but tenants remain sceptical, especially those still locked in negotiations over the earlier rebates.
As part of a landmark budget to mitigate the fallout from the Covid-19 crisis, the government expanded the earlier-announced property tax rebates such that commercial properties that qualified for Budget 2020's rebates of 15 to 30 per cent will now pay zero property tax for 2020.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
South Korea to slap fines on food suppliers for ‘shrinkflation’
Stormy Daniels’ ex-lawyer in the hot seat at Trump trial
New Zealand says ‘seriously concerned’ by China’s increased security actions in Pacific
EU, ISSB agree on minimising overlaps in company climate disclosures
US law firm Mayer Brown to split from Hong Kong partnership
US labour costs rise by most in a year as productivity cools