Singapore legislation
Clause 18
Clause 18
Amendment of section 43E
Section 43E of the principal Act is amended by inserting, immediately after subsection (2), the following subsection:“(2A) Regulations made under subsection (1) may provide for exemption from tax of income derived by an approved headquarters company from the provision of any qualifying service if —
(a)
the qualifying service and the office, associated company or person to whom the service is rendered have been approved in relation to the approved headquarters company for the purposes of the exemption from tax; and
(b)
the approved headquarters company has global responsibility for the provision of any qualifying service.”.