Singapore legislation

Clause 36

Amendment of section 43P

In the ITA, in section 43P —

(a)

replace subsection (2C) with —“(2C) Subsection (1)(a), (c), (e) and (f) does not apply to —

(a)

income derived between 12 December 2018 and 18 February 2025 (both dates inclusive) from the leasing of a container or intermodal equipment that is acquired by the approved container investment enterprise or the approved related party by way of a finance lease entered into with an entity that is not an approved related party; or

(b)

income derived on or after 19 February 2025 from the leasing of a container or intermodal equipment that is acquired by the approved container investment enterprise or the approved related party by way of a finance lease not treated as a sale under section 10C, entered into with an entity that is not an approved related party.”; and

(b)

in subsections (3) and (4)(b), replace “2026” with “2031”.

Read in full context — Finance (Income Taxes) Bill →