Singapore legislation

Regulation 4

of Income Tax (Exemption of Certain Income of Prescribed Sovereign Fund Entities and Approved Foreign Government-Owned Entities) Regulations 2012

Regulation 4

Period of approval of approved foreign government‑owned entity

Amended byS 936/2022 wef 31/12/2021S 936/2022 wef 06/12/2022S 936/2022 wef 06/12/2022S 100/2015 wef 01/04/2014S 936/2022 wef 31/12/2021

Subregulation 1

Amended byS 936/2022 wef 31/12/2021S 936/2022 wef 06/12/2022

The period of an approval of any foreign government‑owned entity by the Minister or an authorised body for the purposes of section 13V of the Act commences on the date of the approval and continues for such period not exceeding 10 years as the Minister or the authorised body may determine.

Subregulation 2

The approval is subject to the terms and conditions specified in the letter of approval issued to the approved foreign government‑owned entity.

Subregulation 3

Amended byS 936/2022 wef 06/12/2022

Subject to paragraph (4), the Minister or an authorised body may, subject to such terms and conditions as the Minister or the authorised body may impose, renew the approval of any foreign government‑owned entity referred to in paragraph (1) for such period not exceeding 10 years, as the Minister or the authorised body may determine.

Subregulation 4

Amended byS 100/2015 wef 01/04/2014S 936/2022 wef 31/12/2021

The Minister or authorised body may only renew the approval under paragraph (2) at any time in the period referred to in section 13V(2) of the Act.

Read in full context — Income Tax (Exemption of Certain Income of Prescribed Sovereign Fund Entities and Approved Foreign Government-Owned Entities) Regulations 2012 →