Regulation 1
Citation
This Order may be cited as the Income Tax (Exemption from section 19B(10A)) Order 2015.
/akn/sg/act/sub_leg/1947/ITA-S479-2015
Income Tax (Exemption from section 19B(10A)) Order 2015
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- Type
- Subsidiary Legislation
- Status
- In force
- Enacted
- 1947
- Sections
- 2
Quick answer
About this subsidiary legislation
Income Tax (Exemption from section 19B(10A)) Order 2015 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S479-2015 1947, currently marked in force and first recorded in 1947.
Regulation 2
Exemption from section 19B(10A) of Act
Subregulation 1
Keysight Technologies Singapore (Holdings) Pte. Ltd. is exempt from section 19B(10A) of the Act in respect of capital expenditure incurred by it on 1 August 2014 in acquiring, for use in its trade or business, intellectual property rights from Agilent Technologies Singapore (Holdings) Pte. Ltd.
Subregulation 2
The exemption in sub-paragraph (1) is subject to the terms and conditions specified in the letter dated 31 March 2015 sent by the Economic Development Board and addressed to Keysight Technologies Singapore (Holdings) Pte. Ltd.
Subregulation 3
In sub-paragraph (1), “intellectual property rights” means rights in respect of intellectual property created before 1 August 2014 by Agilent Technologies Singapore (Holdings) Pte. Ltd. (a related party of Keysight Technologies Singapore (Holdings) Pte. Ltd.) —
(a)
to whom any deduction has been allowed under section 14 or 14D of the Act for any outgoing, expense or payment incurred for any activity which resulted in the creation of the intellectual property; and
(b)
whose proceeds from the sale, transfer or assignment of those intellectual property rights to Keysight Technologies Singapore (Holdings) Pte. Ltd. are not chargeable to tax.
Common questions
- What is Income Tax (Exemption from section 19B(10A)) Order 2015?
- Income Tax (Exemption from section 19B(10A)) Order 2015 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S479-2015 1947, currently marked in force and first recorded in 1947.
- Is Income Tax (Exemption from section 19B(10A)) Order 2015 still in force?
- Yes — Income Tax (Exemption from section 19B(10A)) Order 2015 is currently in force.
- When did Income Tax (Exemption from section 19B(10A)) Order 2015 take effect?
- Income Tax (Exemption from section 19B(10A)) Order 2015 was first recorded in 1947.
- How many regulations does Income Tax (Exemption from section 19B(10A)) Order 2015 have?
- Income Tax (Exemption from section 19B(10A)) Order 2015 contains 2 regulations.
- Where can I read the official version of Income Tax (Exemption from section 19B(10A)) Order 2015?
- The official text of Income Tax (Exemption from section 19B(10A)) Order 2015 is published at sso.agc.gov.sg.