Singapore legislation
Regulation 2
of Co-operative Societies (Prescribed Rate of Contribution under Section 71(2)(b)) Rules 2026
Regulation 2
Prescribed rate of contribution under section 71(2)(b) of Act
The rate of 15% is prescribed in substitution of 20% for the contribution payable under section 71(2)(b) of the Act by a society in respect of any surplus resulting from its operations during any financial year ending on or after 31 December 2025.