/akn/sg/act/sub_leg/1947/ITA-S493-2003

Income Tax (Transfer of Undertaking by Bank or Finance Company) (No. 2) Order 2003

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Type
Subsidiary Legislation
Status
In force
Enacted
1947
Sections
2

Quick answer

About this subsidiary legislation

Income Tax (Transfer of Undertaking by Bank or Finance Company) (No. 2) Order 2003 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S493-2003 1947, currently marked in force and first recorded in 1947.

Regulation 1

Citation

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This Order may be cited as the Income Tax (Transfer of Undertaking by Bank or Finance Company) (No. 2) Order 2003.

Regulation 2

Declaration of provisions in accounts

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It is hereby declared that, subject to the conditions specified in the letter of approval dated 10th October 2003, the provisions in the accounts of Bank Brussels Lambert Singapore Branch which have been transferred to ING Bank N.V. Singapore Branch —

(a)

shall not be deemed under section 14I(2)(b) of the Act to be a trading receipt of Bank Brussels Lambert Singapore Branch; and

(b)

shall for the purposes of section 14I of the Act be treated as having been allowed to ING Bank N.V. Singapore Branch as a deduction under that section.

Common questions

What is Income Tax (Transfer of Undertaking by Bank or Finance Company) (No. 2) Order 2003?
Income Tax (Transfer of Undertaking by Bank or Finance Company) (No. 2) Order 2003 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S493-2003 1947, currently marked in force and first recorded in 1947.
Is Income Tax (Transfer of Undertaking by Bank or Finance Company) (No. 2) Order 2003 still in force?
Yes — Income Tax (Transfer of Undertaking by Bank or Finance Company) (No. 2) Order 2003 is currently in force.
When did Income Tax (Transfer of Undertaking by Bank or Finance Company) (No. 2) Order 2003 take effect?
Income Tax (Transfer of Undertaking by Bank or Finance Company) (No. 2) Order 2003 was first recorded in 1947.
How many regulations does Income Tax (Transfer of Undertaking by Bank or Finance Company) (No. 2) Order 2003 have?
Income Tax (Transfer of Undertaking by Bank or Finance Company) (No. 2) Order 2003 contains 2 regulations.
Where can I read the official version of Income Tax (Transfer of Undertaking by Bank or Finance Company) (No. 2) Order 2003?
The official text of Income Tax (Transfer of Undertaking by Bank or Finance Company) (No. 2) Order 2003 is published at sso.agc.gov.sg.