Regulation 1
Citation
This Order is the Income Tax (Remission of Tax on Income from Common Fund) Order 2017.
Loading…
The full official text, structured for quick navigation. Copy any provision or jump straight to a section.
Income Tax (Remission of Tax on Income from Common Fund) Order 2017 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S412-2017 1947, currently marked in force and first recorded in 1947.
Citation
This Order is the Income Tax (Remission of Tax on Income from Common Fund) Order 2017.
Definition
In this Order, “Common Fund” has the same meaning as in the Public Trustee Act (Cap. 260).
Remission
For the year of assessment 2012 and every subsequent year of assessment, the tax payable on the first $20,000 of the income mentioned in sub‑paragraph (2) of an incapacitated person who is not resident in Singapore, is remitted.
The income to which sub‑paragraph (1) applies is any payment made to the incapacitated person, out of income paid to an estate of which the person is a beneficiary, from the investment of the Common Fund.
If one provision's text doesn't match the official source, use Suggest a fix beside that provision — it opens an editor next to the source document. For anything else — a missing amendment, a broken link, out-of-date content, or a removal request — report it here.