Singapore legislation
Regulation 14
Regulation 14
Prescribed period for purposes of section 34C of Act (Amalgamation of Companies) read with section 43 of Act (Rate of tax upon companies and others)
For the purpose of section 34C(27)(b) of the Act, the prescribed period shall be —
(a)
in a case where the day immediately before the date of amalgamation falls within the basis period of any amalgamating company in which that amalgamating company was incorporated —
(i)
the year of assessment relating to the basis period in which the date of the amalgamation falls; or
(ii)
the year of assessment immediately following that year of the assessment; and
(b)
in any other case, the year of assessment relating to the basis period in which the date of the amalgamation falls.