Singapore legislation

Regulation 3

of Economic Expansion Incentives (Relief from Income Tax) (Intellectual Property Income) Regulations 2018

Regulation 3

Prescribed intellectual property income

Subregulation 1

The intellectual property income prescribed for the purposes of section 3 of the Act is —

(a)

for a pioneer service company or a development and expansion company that is approved as such before 1 July 2018 —

(i)

subject to sub-paragraph (ii), royalties and other income derived on or after 1 July 2018 but before 1 July 2021, from new intellectual property rights, but not from existing intellectual property rights, that the company owns;

(ii)

where the company is given, on or after 1 July 2018, an extension of its tax relief period, royalties and other income derived on or after the first day of the extension from all intellectual property rights that the company owns; and

(iii)

royalties and other income derived on or after 1 July 2021 from all intellectual property rights that the company owns; and

(b)

for a pioneer service company or a development and expansion company that is approved as such on or after 1 July 2018, royalties and other income derived on or after the first day of the tax relief period (or if there is more than one tax relief period, the period commencing first) under the approval, from all intellectual property rights that the company owns.

Subregulation 2

For the purposes of paragraph (1)(a)(i), where it is unclear whether any royalties or other income is derived from new intellectual property rights or existing intellectual property rights, then the Schedule applies for the purpose of determining whether it is derived from one or the other.

Read in full context — Economic Expansion Incentives (Relief from Income Tax) (Intellectual Property Income) Regulations 2018 →