Income Tax Act 1947 · 2020 Revised Edition · Part 11 · Rates of Tax
43Q. Concessionary rate of tax for container investment manager
Feedback & supportLast amended by an amending law of 2025. 6 amendments in all.
Despite section 43, the Minister may by regulations provide that tax at the rate of 10% is to be levied and paid for each year of assessment upon such income as the Minister may specify of an approved container investment manager derived by it on or after 1 April 2008 from —
managing an approved container investment enterprise; or
such other services or activities carried out for an approved container investment enterprise as may be prescribed.
Regulations made under subsection (1) may provide for the deduction of losses otherwise than in accordance with section 37(3).
The Minister or an authorised body may, subject to such conditions as the Minister or authorised body may impose, approve a container investment manager as an approved container investment manager for the purposes of this section.
Approval of a container investment manager under this section may be granted between 1 April 2008 and 28 February 2011 (both dates inclusive).
Approval of a container investment manager under this section may be granted between 1 March 2011 and 31 December 2031 (both dates inclusive) for such period not exceeding 5 years as the Minister or authorised body may specify, except that the Minister or authorised body may extend the period so specified for such further periods as the Minister or authorised body thinks fit.
In this section —
“approved” means approved by the Minister or an authorised body;
“container investment enterprise” has the meaning given by section 43P;
“container investment manager” means any company incorporated in Singapore.[43ZB
company
“company” means any company incorporated or registered under any law in force in Singapore or elsewhere;