The government of Singapore has offered a 10 percent tax break to its two integrated resorts, Resorts World Sentosa (and Marina Bay Sands, to help offset losses incurred during the coronavirus outbreak.
A property tax rebate of 30 percent will be granted for the accommodation and function room components of licensed hotels and serviced apartments, as well as MICE venues, reported Asia Gaming Brief, and international cruise and regional ferry terminals will receive a 15 percent property tax break. The government will also defer a planned hike in its general sales tax from 7 percent to 9 percent by about a year.
The measures are part of a $4 billion aid package to help the city-state stabilize following the contagion, which could see tourism drop up to 30 percent this year.
In addition, the Singapore Tourism Board will waive license fees for hotels, travel agents and tourist guides.
