Singapore legislation

Regulation 2

of Income Tax (Concessionary Rate of Tax for Foreign Income of Approved Container Investment Enterprise) Order 2023

Regulation 2

Definitions

Amended byS 35/2023 wef 31/12/2021S 35/2023 wef 31/12/2021S 301/2024 wef 12/04/2024S 301/2024 wef 12/04/2024S 301/2024 wef 12/04/2024S 35/2023 wef 31/12/2021S 35/2023 wef 31/12/2021S 35/2023 wef 16/11/2021S 35/2023 wef 31/12/2021

In this Order —“approved container investment enterprise” or “ACIE” —

(a)

means a container investment enterprise approved under section 43P of the Act; and

(b)

includes a partnership approved by the Minister (or an authorised body) under section 43P of the Act as applied by section 36 of the Act;“approved related party”, in relation to an ACIE, means any company or partnership —

(a)

that is a related party of the ACIE and approved by the Minister or an authorised body under paragraph 3(1); or

(b)

that is deemed under paragraph 3(3) to have been approved as such by the Minister or authorised body under paragraph 3(1);“container” has the meaning given by section 43P(7) of the Act;“related party”, in relation to an ACIE, means a company or partnership —

(a)

that is a related party of the ACIE in accordance with the Income Tax (Related Party of Approved Container Investment Enterprise under Section 43P) Rules 2021 (G.N. No. S 875/2021); or

(b)

that is approved by the Minister to be a related party of the ACIE for the purposes of section 43P of the Act.

Definition

“approved container investment enterprise” or “ACIE” —

(a)

means a container investment enterprise approved under section 43P of the Act; and

(b)

includes a partnership approved by the Minister (or an authorised body) under section 43P of the Act as applied by section 36 of the Act;

Amended byS 35/2023 wef 31/12/2021S 35/2023 wef 31/12/2021S 301/2024 wef 12/04/2024

Definition

“approved related party”, in relation to an ACIE, means any company or partnership —

(a)

that is a related party of the ACIE and approved by the Minister or an authorised body under paragraph 3(1); or

(b)

that is deemed under paragraph 3(3) to have been approved as such by the Minister or authorised body under paragraph 3(1);

Amended byS 301/2024 wef 12/04/2024S 301/2024 wef 12/04/2024

Definition

“container” has the meaning given by section 43P(7) of the Act;

Amended byS 35/2023 wef 31/12/2021

Definition

“related party”, in relation to an ACIE, means a company or partnership —

(a)

that is a related party of the ACIE in accordance with the Income Tax (Related Party of Approved Container Investment Enterprise under Section 43P) Rules 2021 (G.N. No. S 875/2021); or

(b)

that is approved by the Minister to be a related party of the ACIE for the purposes of section 43P of the Act.

Amended byS 35/2023 wef 31/12/2021S 35/2023 wef 16/11/2021S 35/2023 wef 31/12/2021

Read in full context — Income Tax (Concessionary Rate of Tax for Foreign Income of Approved Container Investment Enterprise) Order 2023 →