Singapore legislation
Regulation 4
of Income Tax (Concessionary Rate of Tax for Approved Insurance Brokers) Regulations 2009
Regulation 4
Concessionary rate of tax for income derived before 1 July 2021 of approved insurance broker
Amended byS 8/2019 wef 01/04/2018S 494/2021 wef 01/07/2021
Subregulation 1
Amended byS 8/2019 wef 01/04/2018S 494/2021 wef 01/07/2021
Tax is payable at the rate of 10% on the commission and fee income derived by an approved insurance broker before 1 July 2021 from the provision of insurance broking or advisory services to a specified person.
Subregulation 2
[Deleted by S 8/2019 wef 01/04/2018]