Singapore legislation

Regulation 4

of Income Tax (Exemption and Concessionary Tax Rate for Income from Life Reinsurance Business) Regulations 2017

Regulation 4

Approval of insurer

Amended byS 700/2020 wef 01/04/2020S 940/2022 wef 31/12/2021S 868/2025 wef 30/12/2025S 700/2020 wef 01/04/2020

Subregulation 1

Amended byS 700/2020 wef 01/04/2020S 940/2022 wef 31/12/2021S 868/2025 wef 30/12/2025

During the period from 1 June 2017 to 31 December 2030 (both dates inclusive), the Minister or an authorised body may, upon application by any insurer licensed under the Insurance Act 1966 to carry on life business (whether or not the insurer is also licensed under that Act to carry on general business), and if the Minister or the authorised body (as the case may be) considers it expedient in the public interest to do so, approve the insurer as an approved insurer.

Subregulation 2

Amended byS 700/2020 wef 01/04/2020

An approval granted under paragraph (1) is for a period of —

(a)

10 years if the approval is granted before 1 April 2020; or

(b)

5 years if the approval is granted on or after 1 April 2020.

Read in full context — Income Tax (Exemption and Concessionary Tax Rate for Income from Life Reinsurance Business) Regulations 2017 →