SUBSCRIBERS

Covid-19: New laws to compel landlords to pass on property tax rebate

Though rebate is welcome; tenants argue it's insufficient and mall operators have to go further, and will continue negotiating with landlords on this

Published Thu, Apr 2, 2020 · 09:50 PM

Singapore

BUSINESSES on Thursday hailed a newly proposed legislation that will ensure non-residential landlords pass on property tax rebates in full to all tenants, with some saying it's long overdue.

"We appreciate the harsh hand of the law in this matter, but we wished it did not have to come to this," the Singapore Retailers Association (SRA) said.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes