Singapore legislation

Regulation 4

of Income Tax (Concessionary Rate of Tax or Exemption for Income Derived from Debt Securities) Regulations

Regulation 4

Tax exemption

Amended byS 214/2001 wef 10/04/2001S 349/2005 wef 03/12/2003S 214/2001 wef 10/04/2001S 239/2016 wef 01/01/2014S 267/2009 wef 01/01/2009S 868/2018 wef 27/12/2018S 195/2026 wef 01/01/2024

There shall be exempt from tax —

(a)

any income derived by a financial institution on or after 28th February 1998 from arranging, underwriting and distributing any qualifying debt securities issued during the period from 28th February 1998 to 25th April 1999;

(aa)subject to regulation 7 and the conditions specified in the Income Tax (Qualifying Debt Securities) Regulations 2001 (G.N. No. S 212/2001), any income derived by a financial institution before 1st January 2004 from arranging, underwriting and distributing any qualifying debt securities issued during the period from 26th April 1999 to 31st December 2003; and

(b)

notwithstanding regulation 3(b), any income derived by a primary dealer from trading in any Singapore Government securities during the period from 27 February 1999 to 31 December 2028 (both dates inclusive).

Read in full context — Income Tax (Concessionary Rate of Tax or Exemption for Income Derived from Debt Securities) Regulations →