Singapore legislation

Regulation 2

of Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) (No. 2) Notification 2018

Regulation 2

Definitions

Amended byS 555/2020 wef 19/02/2020S 325/2024 wef 31/12/2021S 555/2020 wef 19/02/2020S 555/2020 wef 19/02/2020S 555/2020 wef 19/02/2020

In this Notification —[Deleted by S 555/2020 wef 19/02/2020]“approved clearing house”, “approved exchange”, “derivatives contract”, and “member” in relation to an approved clearing house or an approved exchange, have the meanings given by section 2(1) of the Securities and Futures Act 2001;“specified contract”, in relation to paragraph 3, means any of the following:

(a)

a contract for trading in gold futures on an approved exchange;

(b)

a contract for trading in financial futures on an approved exchange; (c)a contract for trading in spot foreign exchange (other than a contract that involves the Singapore dollar) on an approved exchange;“specified contract”, in relation to paragraph 4, means any of the following:

(a)

a contract for trading in gold futures on an approved exchange;

(b)

a contract for trading in financial futures on an approved exchange;

(c)

a contract for trading in spot foreign exchange (other than a contract that involves the Singapore dollar) on an approved exchange;

(d)

any other derivatives contract that is traded on an approved exchange;

(e)

any derivatives contract that is cleared or settled by an approved clearing house.

Definition

“approved clearing house”, “approved exchange”, “derivatives contract”, and “member” in relation to an approved clearing house or an approved exchange, have the meanings given by section 2(1) of the Securities and Futures Act 2001;

Amended byS 555/2020 wef 19/02/2020S 325/2024 wef 31/12/2021

Definition

“specified contract”, in relation to paragraph 3, means any of the following:

(a)

a contract for trading in gold futures on an approved exchange;

(b)

Amended byS 555/2020 wef 19/02/2020S 555/2020 wef 19/02/2020

Definition

“specified contract”, in relation to paragraph 4, means any of the following:

(a)

a contract for trading in gold futures on an approved exchange;

(b)

a contract for trading in financial futures on an approved exchange;

(c)

a contract for trading in spot foreign exchange (other than a contract that involves the Singapore dollar) on an approved exchange;

(d)

any other derivatives contract that is traded on an approved exchange;

(e)

any derivatives contract that is cleared or settled by an approved clearing house.

Amended byS 555/2020 wef 19/02/2020

Read in full context — Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) (No. 2) Notification 2018 →