Regulation 1
Citation
This Order may be cited as the Income Tax (Transfer of Undertaking by Bank or Finance Company) Order 2008.
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) Order 2008 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S103-2008 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) Order 2008.
Declaration of provisions in accounts of Bank Austria Creditanstalt International AG Singapore Branch
It is hereby declared that, subject to the conditions specified in the letter of approval dated 15th February 2008, the provisions in the accounts of Bank Austria Creditanstalt International AG Singapore Branch which have been transferred to Bank Austria Aktiengesellschaft AG Singapore Branch —
shall not be deemed under section 14I(2)(b) of the Act to be a trading receipt of Bank Austria Creditanstalt International AG Singapore Branch; and
shall for the purposes of section 14I of the Act be treated as having been allowed to Bank Austria Aktiengesellschaft AG Singapore Branch as a deduction under that section.
Declaration of provisions in accounts of Bank Austria Aktiengesellschaft AG Singapore Branch
It is hereby declared that, subject to the conditions specified in the letter of approval dated 15th February 2008, the provisions in the accounts of Bank Austria Aktiengesellschaft AG Singapore Branch which have been transferred to Bayerische Hypo-und Vereinsbank AG Singapore Branch —
shall not be deemed under section 14I(2)(b) of the Act to be a trading receipt of Bank Austria Aktiengesellschaft AG Singapore Branch; and
shall for the purposes of section 14I of the Act be treated as having been allowed to Bayerische Hypo-und Vereinsbank AG Singapore Branch as a deduction under that section.
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 For anything else — a missing amendment, a broken link, out-of-date content, or a removal request — report it here.