Singapore legislation
Regulation 5
Regulation 5
Determination of income chargeable to tax at concessionary rate
Amended byS 51/2006 wef 26/01/2006
For the purposes of regulation 3, the Comptroller shall determine —
(a)
the income chargeable to tax of a company or financial institution, as the case may be, having regard to such expenses, capital allowances and donations allowable under the Act as are, in his opinion, to be deducted in ascertaining such income; and
(b)
the manner and extent to which any losses arising from the activities specified in these regulations may be deducted under the Act in ascertaining the chargeable income of a company or financial institution, as the case may be.