PUB not obliged to pay land assessment tax on Johor Water Works: Shanmugam
[SINGAPORE] Under the 1962 Water Agreement, PUB is not obliged to pay the land assessment tax which the Kota Tinggi District Council has sought to impose, Foreign Minister K Shanmugam told Parliament on Tuesday.
Responding to a question by Mr Sitoh Yih Pin (Potong Pasir), Mr Shanmugam revealed that the Council had issued a notice in late 2014, which sought to "double the rate of land assessment tax imposed on the water works".
Read full story here.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
China’s consumer prices rise for 3rd month, factory deflation persists
White House defends voting ‘No’ on UN resolution supporting Palestinian statehood
US health officials to spend US$100 million on bird flu surveillance
Jim Simons, math genius who conquered Wall Street, dies at 86
Aiming for rosier ties, Xi wraps up Europe visit
Oil falls on prospect of higher-for-longer US rates, stronger dollar