Singapore legislation
Regulation 2
of Income Tax (Concessionary Rate of Tax on Dividends — Aircraft Leasing Company) Order 2020
Regulation 2
Definitions
In this Order —“approved aircraft leasing company” or “AALC” means an aircraft leasing company as defined in section 43N of the Act and approved under that section, and includes a partnership approved by the Minister or an authorised body under section 43N of the Act as applied by section 36(1A) of the Act;“approved company”, in relation to an AALC, means a company of which the AALC is a shareholder, that is approved under paragraph 3;“equity interest”, in relation to a company, means an issued share of the company that is not a treasury share;“leasing of aircraft or aircraft engine” means the leasing of any aircraft or aircraft engine other than under a finance lease that is treated as a sale under regulations made under section 10C(1) of the Act.
Definition
“approved aircraft leasing company” or “AALC” means an aircraft leasing company as defined in section 43N of the Act and approved under that section, and includes a partnership approved by the Minister or an authorised body under section 43N of the Act as applied by section 36(1A) of the Act;
Definition
“approved company”, in relation to an AALC, means a company of which the AALC is a shareholder, that is approved under paragraph 3;
Definition
“equity interest”, in relation to a company, means an issued share of the company that is not a treasury share;
Definition
“leasing of aircraft or aircraft engine” means the leasing of any aircraft or aircraft engine other than under a finance lease that is treated as a sale under regulations made under section 10C(1) of the Act.