Regulation 1
Citation and commencement
These Rules are the Income Tax (Section 68A — Prescribed Classes of Persons) Rules 2023 and come into operation on 26 December 2023.
/akn/sg/act/sub_leg/1947/ITA-S886-2023
Income Tax (Section 68A — Prescribed Classes of Persons) Rules 2023
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- Type
- Subsidiary Legislation
- Status
- In force
- Enacted
- 1947
- Sections
- 2
Quick answer
About this subsidiary legislation
Income Tax (Section 68A — Prescribed Classes of Persons) Rules 2023 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S886-2023 1947, currently marked in force and first recorded in 1947.
Regulation 2
Prescribed class of persons
Subregulation 1
Section 68A of the Act applies to any person (X) who has entered into an agreement or arrangement with another person (Y) under which X, or a related party of X, pays a commission, fees or similar payment to Y to —
(a)
act as an agent or representative of X or a related party of X, in the supply of goods or services by X or that related party to another person; or
(b)
promote the supply of goods or services by X or a related party of X, to another person.
Subregulation 2
Each person in the first column of the following table is an example of X, and the person in the second column opposite each X is an example of Y in relation to that X:XYFinancial adviserRepresentativeEstate agentSalespersonInsurerInsurance agent
Common questions
- What is Income Tax (Section 68A — Prescribed Classes of Persons) Rules 2023?
- Income Tax (Section 68A — Prescribed Classes of Persons) Rules 2023 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S886-2023 1947, currently marked in force and first recorded in 1947.
- Is Income Tax (Section 68A — Prescribed Classes of Persons) Rules 2023 still in force?
- Yes — Income Tax (Section 68A — Prescribed Classes of Persons) Rules 2023 is currently in force.
- When did Income Tax (Section 68A — Prescribed Classes of Persons) Rules 2023 take effect?
- Income Tax (Section 68A — Prescribed Classes of Persons) Rules 2023 was first recorded in 1947.
- How many regulations does Income Tax (Section 68A — Prescribed Classes of Persons) Rules 2023 have?
- Income Tax (Section 68A — Prescribed Classes of Persons) Rules 2023 contains 2 regulations.
- Where can I read the official version of Income Tax (Section 68A — Prescribed Classes of Persons) Rules 2023?
- The official text of Income Tax (Section 68A — Prescribed Classes of Persons) Rules 2023 is published at sso.agc.gov.sg.