Singapore legislation
Regulation 2
Regulation 2
Definitions
Subregulation 1
In this Notification —[Deleted by S 745/2020 wef 01/10/2015][Deleted by S 745/2020 wef 01/01/2019][Deleted by S 745/2020 wef 28/10/2003][Deleted by S 745/2020 wef 10/03/2017][Deleted by S 745/2020 wef 01/10/2015](2) In this Notification —
the qualifying activities or qualifying services of an approved Finance and Treasury Centre whose approval is given or extended before 21 February 2017 are, during the period for which the approval was given or extended, the “qualifying activities” or “qualifying services” (as the case may be) as defined in the Income Tax (Concessionary Rate of Tax for Approved Finance and Treasury Centre) Regulations (Rg 18); and
the qualifying activities or qualifying services of an approved Finance and Treasury Centre whose approval is given or extended on or after 21 February 2017 are, during the period for which the approval was given or extended, the “qualifying activities” or “qualifying services” (as the case may be) as defined in the Income Tax (Concessionary Rate of Tax for Approved Finance and Treasury Centre) Regulations 2017 (G.N. No. S 88/2017).
Definition
“approved Finance and Treasury Centre”, in relation to a company, means a Finance and Treasury Centre of the company, being a Finance and Treasury Centre that is approved for the purposes of section 43G of the Act;
Definition
“approved office or approved associated company”, in relation to a company with an approved Finance and Treasury Centre, means an office, or an associated company as defined in section 43G(3) of the Act (as the case may be), that has been approved in relation to the Centre under section 43G(2)(a) of the Act for the application of the concessionary rate of tax in section 43G(1) of the Act to the company;
Definition
“compensatory payment” has the same meaning as in section 10N(12) of the Act;
Definition
“loan” means any loan or other arrangement similar in nature to a loan;
Definition
“securities lending or repurchase arrangement” has the same meaning as in section 10N(12) of the Act.