Following a public consultation exercise held in May, the Ministry of Finance will include two proposed amendments into the Property Tax (Amendment) Bill 2017.

The draft Bill provides for changes to the Property Tax Act to update legislation and to improve tax administration, which are provisions for “the basis to implement an ‘opt-out’ approach for digital property tax notices”, and for “the information gathering powers of the Comptroller of Property Tax, the Chief Assessor and their authorised officers will be clarified and enhanced”.

MOF will study further a third proposed amendment relating to the exemption of machinery from property tax, which will not be included in this draft Bill.