Regulation 1
Citation
This Order may be cited as the Income Tax (Transfer of Undertaking by Bank or Finance Company) (No. 2) Order 2000.
Loading…
The full official text, structured for quick navigation. Copy any provision or jump straight to a section.
Income Tax (Transfer of Undertaking by Bank or Finance Company) (No. 2) Order 2000 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S116-2000 1947, currently marked in force and first recorded in 1947.
Citation
This Order may be cited as the Income Tax (Transfer of Undertaking by Bank or Finance Company) (No. 2) Order 2000.
Declaration of provisions in accounts
It is hereby declared that under section 14I(3) of the Act, the provisions in the account of The Bank of Tokyo Ltd. which have been transferred to The Bank of Tokyo-Mitsubishi Ltd. —
shall not be deemed under section 14I(2)(b) of the Act to be a trading receipt of The Bank of Tokyo Ltd.; and
shall for the purposes of section 14I of the Act be treated as having been allowed to The Bank of Tokyo-Mitsubishi Ltd. as a deduction under that section,subject to the conditions specified in the letter of approval dated 28th February 2000.
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 For anything else — a missing amendment, a broken link, out-of-date content, or a removal request — report it here.