Singapore legislation
Regulation 4
of Income Tax (Exemption of Income of Approved Venture Company) Regulations
Regulation 4
Specified income if derived before 1 April 2020
Subregulation 1
In these Regulations, the following income of an approved venture company derived by it before 1 April 2020 from making authorised investments, is specified income of the company:
dividends derived from outside Singapore and received by the company in Singapore from authorised investments in any company not resident in Singapore;
interest derived from outside Singapore and received by the company in Singapore in respect of any approved convertible loan stock of a company not resident in Singapore;
gains or profits derived from Singapore or received by the company in Singapore from outside Singapore from the disposal of authorised investments.
Subregulation 2
In paragraph (1), “authorised investments” has the meaning given by paragraph (a) of the definition of that term in section 13G(18) of the Act.