Regulation 1
Citation
This Notification may be cited as the Income Tax (Exemption of Royalties and Other Payments for Economic and Technological Development) (No. 2) Notification 2003.
/akn/sg/act/sub_leg/1947/ITA-S530-2003
Income Tax (Exemption of Royalties and Other Payments for Economic and Technological Development) (No. 2) Notification 2003
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- Type
- Subsidiary Legislation
- Status
- In force
- Enacted
- 1947
- Sections
- 3
Quick answer
About this subsidiary legislation
Income Tax (Exemption of Royalties and Other Payments for Economic and Technological Development) (No. 2) Notification 2003 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S530-2003 1947, currently marked in force and first recorded in 1947.
Regulation 2
Definitions
In this Notification —“digitised goods” means text, images or sounds that are transferred through any handphone, fixed-line phone, cable network, satellite, the Internet, or other form of electronic transmission, but does not include software;“end-user” means a person who acquires the right to use any information or digitised goods but does not acquire the right to exploit the copyright of the information or digitised goods in the course of a business or holds himself out as having done so;“information” means —
(a)
information comprised in any newspaper or magazine article or report, including financial and business data (such as foreign exchange, stock and property data) and other proprietary data; and
(b)
information obtained solely for research purposes.
Definition
“digitised goods” means text, images or sounds that are transferred through any handphone, fixed-line phone, cable network, satellite, the Internet, or other form of electronic transmission, but does not include software;
Definition
“end-user” means a person who acquires the right to use any information or digitised goods but does not acquire the right to exploit the copyright of the information or digitised goods in the course of a business or holds himself out as having done so;
Definition
“information” means —
(a)
information comprised in any newspaper or magazine article or report, including financial and business data (such as foreign exchange, stock and property data) and other proprietary data; and
(b)
information obtained solely for research purposes.
Regulation 3
Exemption
There shall be exempt from tax any income referred to in section 12(7) of the Act of a non-resident person accruing in or derived from Singapore during the period from 28th February 2003 to 27th February 2013 (both dates inclusive) that is a payment —
(a)
made to the non-resident person by an end-user for —
(i)
information; or
(ii)
digitised goods;
(b)
not derived from any trade or business carried on or exercised by the non-resident person in Singapore; and
(c)
not effectively connected with any permanent establishment in Singapore.
Common questions
- What is Income Tax (Exemption of Royalties and Other Payments for Economic and Technological Development) (No. 2) Notification 2003?
- Income Tax (Exemption of Royalties and Other Payments for Economic and Technological Development) (No. 2) Notification 2003 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S530-2003 1947, currently marked in force and first recorded in 1947.
- Is Income Tax (Exemption of Royalties and Other Payments for Economic and Technological Development) (No. 2) Notification 2003 still in force?
- Yes — Income Tax (Exemption of Royalties and Other Payments for Economic and Technological Development) (No. 2) Notification 2003 is currently in force.
- When did Income Tax (Exemption of Royalties and Other Payments for Economic and Technological Development) (No. 2) Notification 2003 take effect?
- Income Tax (Exemption of Royalties and Other Payments for Economic and Technological Development) (No. 2) Notification 2003 was first recorded in 1947.
- How many regulations does Income Tax (Exemption of Royalties and Other Payments for Economic and Technological Development) (No. 2) Notification 2003 have?
- Income Tax (Exemption of Royalties and Other Payments for Economic and Technological Development) (No. 2) Notification 2003 contains 3 regulations.
- Where can I read the official version of Income Tax (Exemption of Royalties and Other Payments for Economic and Technological Development) (No. 2) Notification 2003?
- The official text of Income Tax (Exemption of Royalties and Other Payments for Economic and Technological Development) (No. 2) Notification 2003 is published at sso.agc.gov.sg.