Singapore legislation
Regulation 4
of Income Tax (Concessionary Rate of Tax for Intellectual Property Income) Regulations 2021
Regulation 4
Change in composition of elected family of qualifying IPRs
Amended byS 556/2023 wef 31/12/2021
Subregulation 1
Amended byS 556/2023 wef 31/12/2021
This regulation applies where an approved company elects or is treated as having elected a family of qualifying IPRs for a year of assessment for the purposes of section 43X of the Act.
Subregulation 2
The approved company must provide, in the tax return for that year of assessment, such information as the Comptroller may reasonably require of —
(a)
any qualifying IPR that ceases to be part of the elected family of qualifying IPRs during the basis period; and
(b)
any qualifying IPR that becomes part of the elected family of qualifying IPRs during the basis period.