Cess Collection for the Formula 1 Singapore Airlines Singapore Grand Prix 2024
4 September 2024
The Formula 1 Singapore Airlines Singapore Grand Prix 2024 has been specified in the Singapore Tourism (Cess Collection) (Formula 1 Singapore Airlines Singapore Grand Prix 2024) Order 2024 as a tourism event.
Cess is levied on all taxable transactions connected with the Formula 1 Singapore Airlines Singapore Grand Prix 2024 and is payable by the operator of the tourism event establishment.
All tourism event establishments are required to return to the Singapore Tourism Board the signed and completed Cess Returns Form, which can be obtained from the link below, and cess payment for the Formula 1 Singapore Airlines Singapore Grand Prix 2024 by 22 November 2024. You are strongly encouraged to refer to the Guide for Tourism Event Establishments (Hotel Industry) before completing the Cess Returns Form.
Cess Collection for the Formula 1 Singapore Grand Prix
31 July 2024
The Singapore Tourism (Cess Collection) Act 1972 is an Act for the collection of cess from tourism event establishments for the promotion of tourism. Such strategic tourism events include the Formula 1 Singapore Grand Prix (F1) which bring significant economic benefits and enhance Singapore’s international branding. Hotels are required to contribute cess in relation to the F1 event as they are expected to benefit from increased revenue due to higher room rates and/or higher occupancy rates brought about by the tourism event. This contribution supports the staging of the F1 event in Singapore.
Following STB’s review of hotels’ performance over past F1 events, non-trackside hotels will be categorised into two sub-tiers based on their locations. Gazetted hotels specified in the Cess Order will be required to pay the following cess rates for the Formula 1 Singapore Airlines Singapore Grand Prix 2024 (“F1 2024”).
| Category | Cess rate payable |
| Trackside hotels | 30% |
| Non-trackside hotels located in the central area1 | 20% |
| Non-trackside hotels located outside the central area1 | 15% |
All gazetted hotels will receive written notification closer to the commencement date of the F1 2024 regarding the cess requirement, cess rate payable and due date for payment.
Starting from 2025, all licensed hotels will be liable to pay cess. The expansion in coverage considers hotels’ performance over past F1 events. Hotels will be notified of the cess rates for F1 2025 in early 2025.
Please contact us at stb_hotels@stb.gov.sg should you require any clarification.
1 Central Area refers to the Urban Redevelopment Authority (URA) Central Area boundaries under the current Master Plan. It includes the following Planning Areas: Downtown Core, Orchard, Newton, Rochor, Outram, Singapore River, Museum, River Valley, Marina East, Marina South, Straits View. Planning areas not listed here are outside the Central Area. Please refer to URA Space for details: https://www.ura.gov.sg/maps.