Dec. 7, 2022, 5:00 AM
The Singaporean Ministry of Finance Dec. 2 announced a property tax rebate for private property and HDB flats offset against property tax payable in 2023. The announcement includes: 1) a one-off property tax rebate for all owner-occupied residential properties, equivalent to 60 percent of the 2023 property tax bill, up to a maximum of S$60 (US$44); 2) an upward revision in the annual value (AV) of most residential property, effective Jan. 1, 2023; 3) that one- and two-room, owner-occupied HDBs will continue paying no property tax in 2023 if their AVs remain below S$8,000 (US$5,895); 4) a table of revised ...
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