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Income Tax (Employment Gains or Profits — Furniture and Fittings in Place of Residence) Regulations 2015

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Type
Subsidiary Legislation
Status
In force
Enacted
1947
Sections
2

Quick answer

About this subsidiary legislation

Income Tax (Employment Gains or Profits — Furniture and Fittings in Place of Residence) Regulations 2015 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S9-2015 1947, currently marked in force and first recorded in 1947.

Regulation 1

Citation, commencement and application

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These Regulations may be cited as the Income Tax (Employment Gains or Profits — Furniture and Fittings in Place of Residence) Regulations 2015 and shall come into operation on 14 January 2015.(2) These Regulations shall have effect for the year of assessment 2015 and subsequent years of assessment.

Subregulation 1

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These Regulations may be cited as the Income Tax (Employment Gains or Profits — Furniture and Fittings in Place of Residence) Regulations 2015 and shall come into operation on 14 January 2015.

Subregulation 2

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These Regulations shall have effect for the year of assessment 2015 and subsequent years of assessment.

Regulation 2

Value of furniture and fittings

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For the purposes of section 10(2) of the Act —

(a)

if an employer provides furniture and fittings in a place of residence, the value of the furniture and fittings is deemed to be 50% of the annual value of the place of residence; and

(b)

if an employer does not provide any furniture in the place of residence, the value of fittings provided by the employer in the place of residence is deemed to be 40% of the annual value of the place of residence.

Common questions

What is Income Tax (Employment Gains or Profits — Furniture and Fittings in Place of Residence) Regulations 2015?
Income Tax (Employment Gains or Profits — Furniture and Fittings in Place of Residence) Regulations 2015 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S9-2015 1947, currently marked in force and first recorded in 1947.
Is Income Tax (Employment Gains or Profits — Furniture and Fittings in Place of Residence) Regulations 2015 still in force?
Yes — Income Tax (Employment Gains or Profits — Furniture and Fittings in Place of Residence) Regulations 2015 is currently in force.
When did Income Tax (Employment Gains or Profits — Furniture and Fittings in Place of Residence) Regulations 2015 take effect?
Income Tax (Employment Gains or Profits — Furniture and Fittings in Place of Residence) Regulations 2015 was first recorded in 1947.
How many regulations does Income Tax (Employment Gains or Profits — Furniture and Fittings in Place of Residence) Regulations 2015 have?
Income Tax (Employment Gains or Profits — Furniture and Fittings in Place of Residence) Regulations 2015 contains 2 regulations.
Where can I read the official version of Income Tax (Employment Gains or Profits — Furniture and Fittings in Place of Residence) Regulations 2015?
The official text of Income Tax (Employment Gains or Profits — Furniture and Fittings in Place of Residence) Regulations 2015 is published at sso.agc.gov.sg.