Director Lau Sok Hiang appointed as member of Valuation Review Board by Ministry of Finance

01 Jul 2023

Drew & Napier is pleased to announce that the Ministry of Finance has appointed Lau Sok Hiang as a member of its Valuation Review Board (VRB). The appointment is for a three-year term commencing 1 July 2023. VRB is one of the Tax Boards under the Ministry, and is an administrative tribunal established under Section 23 of the Property Tax Act to adjudicate disputes between taxpayers and the Inland Revenue Authority of Singapore. It hears appeals from the decisions of the Chief Assessor and the Comptroller of Property Tax. 
 
Aside from its primary responsibility, board members may also be appointed by the Chairman to constitute a Valuation Review Panel to hear and determine disputes between property owners and their tenants concerning the passing on of property tax rebates under Part 6 of the COVID-19 (Temporary Measures) Act 2020.
 
Learn more about Sok Hiang’s practices here.