Singapore legislation
Regulation 2
of Income Tax (Tax Incentives for Partnerships) Regulations 2012
Regulation 2
Definitions
Subregulation 1
In these Regulations, unless the context otherwise requires —
Definition
“adjustment factor”, in relation to any year of assessment, means the factor ascertained in accordance with the formula —whereA is the applicable concessionary rate of tax under section 43N or 43P (as the case may be); and B is the rate of tax specified in section 43(1)(a);
Definition
“approved partnership” means a partnership approved by the Minister or an authorised body under section 13G, 13P, 43N or 43P, as the case may be;
Definition
“share of divisible income”, in relation to a partner of an approved partnership, means the income of that approved partnership to which that partner is entitled.
Subregulation 2
A reference in these Regulations to a section is a reference to a section of the Act.
Subregulation 3
A reference in these Regulations to section 13G, 13P, 14E, 19B, 19C, 43N or 43P or any provision thereof is a reference to that section or provision as applied to a partnership under section 36(1A), (1B) or (1C), as the case may be.