Regulation 1
Citation
This Order may be cited as the Income Tax (Transfer of Undertaking by Bank or Finance Company) Order 2008.
/akn/sg/act/sub_leg/1947/ITA-S103-2008
Income Tax (Transfer of Undertaking by Bank or Finance Company) Order 2008
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- Type
- Subsidiary Legislation
- Status
- In force
- Enacted
- 1947
- Sections
- 3
Quick answer
About this subsidiary legislation
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.
Regulation 2
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 —
(a)
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
(b)
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.
Regulation 3
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 —
(a)
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
(b)
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.
Common questions
- What is Income Tax (Transfer of Undertaking by Bank or Finance Company) Order 2008?
- 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.
- Is Income Tax (Transfer of Undertaking by Bank or Finance Company) Order 2008 still in force?
- Yes — Income Tax (Transfer of Undertaking by Bank or Finance Company) Order 2008 is currently in force.
- When did Income Tax (Transfer of Undertaking by Bank or Finance Company) Order 2008 take effect?
- Income Tax (Transfer of Undertaking by Bank or Finance Company) Order 2008 was first recorded in 1947.
- How many regulations does Income Tax (Transfer of Undertaking by Bank or Finance Company) Order 2008 have?
- Income Tax (Transfer of Undertaking by Bank or Finance Company) Order 2008 contains 3 regulations.
- Where can I read the official version of Income Tax (Transfer of Undertaking by Bank or Finance Company) Order 2008?
- The official text of Income Tax (Transfer of Undertaking by Bank or Finance Company) Order 2008 is published at sso.agc.gov.sg.