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Higher property tax rebates to keep businesses afloat

Cecilia Chow and Valerie Kor
Cecilia Chow and Valerie Kor • 5 min read
Higher property tax rebates to keep businesses afloat
According to See Wei Hwa, director of tax at KPMG, the 100% property tax rebate for qualifying commercial properties will result in cashflow support of up to 1.2 months of rent for companies in industries adversely affected by Covid-19.
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SINGAPORE (Mar 27): My Awesome Café, located along Telok Ayer in the building formerly occupied by the Chung Hwa Free Clinic, has been doing a roaring business for the last six years.

But its fortune started to turn after Lunar New Year with the Covid-19 outbreak and as Singapore imposed travel restrictions. First, the Chinese clientele disappeared overnight in early February. As more companies encouraged their staff to work from home, about 50% of My Awesome Café’s regular clientele vanished, says SC Bong, co-founder of My Awesome Café with Franck Hardy.

Another 30% of its clients, the independent travellers who find the café on the tourist map, vanished with tighter travel restrictions and lockdown in cities around the world. Like most F&B operators, the co-founders of My Awesome Café now hope their landlord will offer some rental relief.

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