ABSTRACT

Property tax in Singapore is an unavoidable tax which is levied on immovable property. This is a relatively simple tax in concept but, like most taxes, its administration is somewhat complex and occasionally controversial in operation. Property tax is a major revenue earner for the government; it is second1 to income tax and is paid directly into the Consolidated Fund as general revenue, unlike the position in other countries where generally, the tax is levied and tied to the provision of local services. This being the case, the tax can be used as an instrument of economic policy as indeed it has been used in the 1980s to mitigate the adverse effect of the then recession in the business and property development sectors.