Singapore legislation
Regulation 2
of Income Tax (Exemption of Foreign Income of Approved Shipping Investment Enterprise) Order 2017
Regulation 2
Definitions
In this Order —“applicable sea‑going ship”, in relation to an approved company or approved partnership, means a sea‑going ship that is acquired by the company or partnership —
if the company or partnership is approved before 1 April 2008, during the period of its approval; or
if the company or partnership is approved on or after 1 April 2008, before or during the period of its approval;“approved company”, in relation to an ASIE, means a company of which the ASIE is a shareholder, that is approved under paragraph 3;“approved international shipping enterprise” has the same meaning as in section 13S(20) of the Act;“approved partnership”, in relation to an ASIE, means a partnership of which the ASIE is a partner, that is approved under paragraph 3;“approved shipping investment enterprise” or “ASIE” means a shipping investment enterprise approved under section 13S of the Act;“qualifying period”, in relation to a sea-going ship, means the period specified under section 13S(4) of the Act during which income of that ship, or a class of sea‑going ships to which that ship belongs, is exempt from tax under section 13S;“sea‑going ship” includes a Singapore ship;“Singapore ship” means a ship in respect of which a certificate of registry (other than a provisional certificate of registry) has been issued under the Merchant Shipping Act (Cap. 179) and whose registry is not closed or deemed to be closed or suspended.
Definition
“applicable sea‑going ship”, in relation to an approved company or approved partnership, means a sea‑going ship that is acquired by the company or partnership —
if the company or partnership is approved before 1 April 2008, during the period of its approval; or
if the company or partnership is approved on or after 1 April 2008, before or during the period of its approval;
Definition
“approved company”, in relation to an ASIE, means a company of which the ASIE is a shareholder, that is approved under paragraph 3;
Definition
“approved international shipping enterprise” has the same meaning as in section 13S(20) of the Act;
Definition
“approved partnership”, in relation to an ASIE, means a partnership of which the ASIE is a partner, that is approved under paragraph 3;
Definition
“approved shipping investment enterprise” or “ASIE” means a shipping investment enterprise approved under section 13S of the Act;
Definition
“qualifying period”, in relation to a sea-going ship, means the period specified under section 13S(4) of the Act during which income of that ship, or a class of sea‑going ships to which that ship belongs, is exempt from tax under section 13S;
Definition
“sea‑going ship” includes a Singapore ship;
Definition
“Singapore ship” means a ship in respect of which a certificate of registry (other than a provisional certificate of registry) has been issued under the Merchant Shipping Act (Cap. 179) and whose registry is not closed or deemed to be closed or suspended.