Property Tax for Singapore

Will this make it more expensive to live in Singapore as an expat or will companies cover this cost?

Singapore Property I Singapore New Launch I Singapore Real Estate

Singapore’s property tax is based on a percentage of the annual value of the property and it is applicable for any class of propertiesin Singapore. Owners bear the cost of property tax.

The annual value can be broadly termed as the potential rental value of your property, without taking into account furnishing. You will be able to check the annual value of your propertyon IRAS website at a minimal cost. 

Singapore imposed a new property tax structure in the recently released Budget 2013 in light of the growing uproar of rising cost of living in Singapore. This new property tax structure will be effective progressively, start from 2014 and 2015.

Owner-occupied Property Tax Before 2014

For now, this is the current tax structure for owner-occupied properties:

current owner occupied computation

For a 4-room HDB flat in the suburb, the monthly potential rental is approximately $2,000. The annual value for this flat is…

View original post 231 more words

About Xpatulator is a website that provides international cost of living information and calculators that can help you determine cost of living indexes, cost of living allowances, salary purchasing power and international assignment packages to compensate for cost of living, hardship, and exchange rate differences.
This entry was posted in Uncategorized. Bookmark the permalink.

1 Response to Property Tax for Singapore

  1. Hi! Would you mind if I share your blog with my twitter group?
    There’s a lot of folks that I think would really appreciate your content. Please let me know. Many thanks

Comments are closed.