SINGAPORE (Apr 2): Non-residential property owners were to receive a property tax rebate of up to 100% for the tax payable in 2020, as part of the FY2020 Budget and Supplementary Budget. Now, they could soon be required to pass on this property tax rebate in full to their tenants.

According the Ministry of Finance (MOF), the government will introduce new legislation at the next sitting of Parliament to place an obligation on property owners to pass on to their tenants the property tax rebate attributable to the rented property.

For most properties, the 100% property tax rebate works out to more than one month of rent. This was aimed at helping businesses cope with the impact from Covid-19.

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