Singapore legislation

Clause 5

Amendment of section 12

Section 12 of the principal Act is amended by inserting, immediately after subsection (7AA), the following subsection:“(7AB) Subsection (7)(d) excludes any rent or other payments under any agreement or arrangement for the use outside Singapore of any tangible movable property, where —

(a)

such use is for or incidental to the purpose of a trip to a country outside Singapore that is made for the purpose of a trade, business, profession or vocation carried on —

(i)

in Singapore by a person resident in Singapore; or

(ii)

through a permanent establishment in Singapore; or

(b)

such use is for or incidental to the purpose of maintaining a representative office outside Singapore that is maintained for the purpose of a trade, business, profession or vocation carried on in Singapore.”.

Read in full context — Income Tax (Amendment) Bill →