Regulation
No. S 452Income Tax Act(Chapter 134)Income Tax (Singapore — New Zealand) (Avoidance of Double Taxation Agreement) Order 2010WHEREAS it is provided by section 49 of the Income Tax Act that if the Minister by order declares that arrangements specified in the order have been made with the Government of any country outside Singapore with a view to affording relief from double taxation in relation to tax under the Act and any tax of a similar character imposed by the laws of that country, and that it is expedient that those arrangements should have effect, the arrangements shall have effect in relation to tax under the Act notwithstanding anything in any written law:AND WHEREAS it is provided by section 105C of the Income Tax Act that the Minister may by order declare an avoidance of double taxation arrangement as a prescribed arrangement for the purposes of Part XXA of the Act:AND WHEREAS by an Agreement dated 21st August 2009, between the Government of the Republic of Singapore and the Government of New Zealand, arrangements were made, amongst other things, for the avoidance of double taxation:NOW, THEREFORE, it is hereby declared by the Minister for Finance —
that the arrangements specified in the Schedule to this Order have been made with the Government of New Zealand;
that the arrangements are a prescribed arrangement for the purposes of Part XXA of the Act; and
that it is expedient that those arrangements should have effect notwithstanding anything in any written law.Made this 2nd day of August 2010.PETER ONGPermanent Secretary, Ministry of Finance, Singapore.[MF(R) R32.2.0008 Vol. 5; AG/LLRD/SL/134/2005/7 Vol. 1]