Tenants stand to benefit from 15% property tax rebates
Commercial property landlords looking to pass on rebate from the Stabilisation and Support Package
Add BT as a preferred sourceClaudia Tan HS
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
IN a bid to alleviate Covid-19's impact on businesses, landlords of private commercial properties are looking to pass on savings from the 15 per cent property tax rebate, which was part of the Budget package delivered on Tuesday, to their tenants.
The government will grant the property tax rebate to private commercial properties that qualify to support food services and retail establishments operating there, said Deputy Prime Minister and Finance Minister Heng Swee Keat in his Budget speech on Tuesday.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Hong Leong Asia acquires bomb shelter supplier Yong Tai Loong for S$90.7 million
From intern to C-suite: JPMorgan’s Teresa Heitsenrether on building a fully AI-powered ‘megabank’
Strengthening Asean’s economic resilience through RCEP’s 2027 review
Middle East-linked energy supply shocks put Asean Power Grid back in focus
