Committee of Supply 2026 debate, Day 1: Kenneth Tiong on property tax and GST price displays
In parliament on Thursday (Feb 26), MP Kenneth Tiong focused on property tax valuations for owner-occupied homes and asked if the government would consider capital value for owner-occupied property tax. On the Goods and Services Tax price displays, he noted that restaurants which impose a service charge can advertise prices almost 17 per cent lower than what customers actually pay. Calling it "a competitive advantage that comes at the expense of price transparency", he urged the Inland Revenue Authority of Singapore to conduct a public feedback exercise.
In parliament on Thursday (Feb 26), MP Kenneth Tiong focused on property tax valuations for owner-occupied homes and asked if the government would consider capital value for owner-occupied property tax. On the Goods and Services Tax price displays, he noted that restaurants which impose a service charge can advertise prices almost 17 per cent lower than what customers actually pay. Calling it "a competitive advantage that comes at the expense of price transparency", he urged the Inland Revenue Authority of Singapore to conduct a public feedback exercise.
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