Property Tax

Provided by EnterpriseOne

Property tax is levied on all owners of property in Singapore. Here is a quick overview of property
tax and how it affects your business. It is not meant to be an in-depth guide on property tax.

            What Is Property Tax?
            How Much Property Tax Must I Pay?
            How And When Do I Pay Property Tax?
            Are There Any Rebates, Relief Or Refunds?
            Are There Any Buildings Exempt From Property Tax?
            Where Can I Download Property Tax Guides?
            Where Can I Get Help?

What Is Property Tax?

• Property tax is a tax on properties in Singapore. All types of properties including HDB flats,
factories, offices and vacant land are subject to tax.

• If you or your business owns property, you must pay property tax.

How Much Property Tax Must I Pay?

•   The amount of property tax you have to pay per year is a percentage of the Annual Value of the
      property. The Annual Value is the estimated yearly rent the property can fetch if it were rented
      out.

• The tax rate for owner-occupied residential property is 4% per year. The tax rate for all other
properties is 10%.

Tip: If you are using your residential home as an office, you pay 4% property tax as long as
you (a) own the home and (b) live in the home.

See: Computation of property tax

How And When Do I Pay Property Tax?

• You must pay property tax by 31 January every year.

• IRAS will compute the annual tax you need to pay and send you the bill in December.
Instructions on how to pay property tax are included in your bill.

See: How and when do I pay my property tax

Are There Any Rebates, Reliefs Or Refunds?

•   To help keep taxes affordable, encourage certain types of land development and meet
      business needs, the Government gives out rebates, reliefs and refunds to property
      owners.

•   For instance, if your property has been continuously vacant for at least 30 days or 1
      calendar month because of repairs or the inability to find a tenant, you can claim for a
      refund of property tax for that period.

        See: Claims available for residential properties
                Rebates for all properties
                Relief for properties undergoing re-construction

Are There Any Buildings Exempt From Property Tax?

A building is exempt from property tax if it is used exclusively:

•   as a public place of worship
•   as a public school
•   for charitable purposes
•   for purposes that promote the social development of Singapore

See: Exemption from property tax

Where Can I Download Property Tax Guides?

To learn more about property tax and how it affects your business, download these guides
specially prepared by IRAS.

• Annual value of properties let with furniture and fittings (PDF)

• Claim for refund of property tax on unoccupied buildings (PDF)

• Property Tax concession for owner-occupied residential properties (PDF)

• Property Tax rebate for owner-occupied residential properties (PDF)

• Property Tax rebate for commercial and industrial properties (PDF)

Where Can I Get Help?

• Visit these websites and web resources for more in-depth information on property tax or
consult with your accountant.

       o   IRAS website on property tax
       o   Frequently Asked Questions on property tax
       o   Download all tax forms

• You can also contact IRAS:

      o   Local Toll-Free: 1800 356 8600
      o   International: (65) 6356 8600
      o   Fax: (65) 6351 4355
      o   Email addresses of IRAS officers in charge

This article is a simplified write-up of taxation in Singapore and is not intended to replace
advice from a tax professional. You should speak to your accountant or contact the
Inland Revenue Authority of Singapore (IRAS) for more information.