Singapore legislation

Clause 2

Amendment of section 2

Section 2 of the Income Tax Act (hereinafter in this Act referred to as “the principal Act”) is hereby amended by inserting immediately after the definition of “local forces” appearing therein the following definition: —“ “permanent establishment” means a fixed place where a business is wholly or partly carried on including —

(a)

a place of management;

(b)

a branch;

(c)

an office;

(d)

a factory;

(e)

a warehouse;

(f)

a workshop;

(g)

a farm or plantation;

(h)

a mine, oil well, quarry or other place of extraction of natural resources;

(i)

a building or work site or a construction, installation or assembly project, and,without prejudice to the generality of the foregoing, a person shall be deemed to have a permanent establishment in Singapore if that person —

(j)

carries on supervisory activities in connection with a building or work site or a construction, installation or assembly project; or

(k)

has another person acting on that person’s behalf in Singapore who —

(i)

has and habitually exercises an authority to conclude contracts;

(ii)

maintains a stock of goods or merchandise for the purpose of delivery on behalf of that person; or

(iii)

habitually secures orders wholly or almost wholly for that person or for such other enterprises as are controlled by that person;”.

Read in full context — Income Tax (Amendment) Bill →