Singapore legislation
Regulation 4A
of Income Tax (Filing of Estimates of Chargeable Income) Rules 2017
Regulation 4A
Exemption for insurer from furnishing estimate of chargeable income
Amended byS 6/2023 wef 11/01/2023
An insurer is exempt from section 63(1AAA) of the Act in respect of a year of assessment if —
(a)
its revenue in that year of assessment is not more than $5 million; and
(b)
the estimate of its chargeable income for that year of assessment is nil.