Singapore legislation
Regulation 5
of Goods and Services Tax (Excluded Transactions) Order 1994
Regulation 5
Income tax group relief
Subregulation 1
Where a person transfers any qualifying deduction to any other person under section 37C of the Income Tax Act 1947, such transfer is treated as neither a supply of goods nor a supply of services.
Subregulation 2
In sub-paragraph (1), “qualifying deduction” means a qualifying deduction mentioned in section 37C of the Income Tax Act 1947.