Regulation 4
Concessionary rate of tax
of Income Tax (Concessionary Rate of Tax for Approved Finance and Treasury Centre) Regulations
Subsidiary LegislationIn forceProvision 5 of 6
Regulation 4
Amended byS 87/2017 wef 10/03/2017
Subregulation 1
Amended byS 87/2017 wef 10/03/2017
Tax shall be payable at the concessionary rate specified in section 43G(1A) of the Act on the income of a company derived from the operation of its approved Finance and Treasury Centre —
(a)
in respect of the provision of qualifying services which have been approved under section 43G(2)(a) of the Act; and
(b)
in respect of qualifying activities which have been approved under section 43G(2)(b) of the Act.
Subregulation 2
Paragraph (1) shall apply in relation to an approved Finance and Treasury Centre from such date as the Minister or such person as he may appoint may specify.