Regulation 1
Citation and commencement
These Regulations are the Income Tax (Concessionary Rate of Tax for International Growth Company) Regulations 2017 and are deemed to have come into operation on 1 April 2015.
/akn/sg/act/sub_leg/1947/ITA-S595-2017
Income Tax (Concessionary Rate of Tax for International Growth Company) Regulations 2017
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- Type
- Subsidiary Legislation
- Status
- In force
- Enacted
- 1947
- Sections
- 3
Quick answer
About this subsidiary legislation
Income Tax (Concessionary Rate of Tax for International Growth Company) Regulations 2017 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S595-2017 1947, currently marked in force and first recorded in 1947.
Regulation 2
Concessionary rate of tax for international growth company
Subregulation 1
Despite section 43 but subject to section 43ZH(7) of the Act, tax is payable at the rate of 10% on the income derived by an approved international growth company from carrying on all of its qualifying activities in a basis period, or part of a basis period, that falls within its approval period, which in total exceeds the base amount mentioned in section 43ZH(6) of the Act.
Subregulation 2
Paragraph (1) does not apply to income from any of the activities mentioned in paragraph (1) that is carried on on a date that falls outside of that activity’s concessionary period.
Regulation 3
Qualifying activities
The following activities are qualifying activities for the purposes of section 43ZH of the Act:
(a)
the sale of goods;
(b)
the provision of engineering or technical services;
(c)
the provision of computer‑based information and other computer related services;
(d)
the provision of entertainment, leisure or recreational services;
(e)
the provision of publishing services;
(f)
the provision of education and other related services;
(g)
the provision of medical services;
(h)
the provision of logistics services;
(i)
the provision of business consultancy, management or professional services.
Common questions
- What is Income Tax (Concessionary Rate of Tax for International Growth Company) Regulations 2017?
- Income Tax (Concessionary Rate of Tax for International Growth Company) Regulations 2017 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S595-2017 1947, currently marked in force and first recorded in 1947.
- Is Income Tax (Concessionary Rate of Tax for International Growth Company) Regulations 2017 still in force?
- Yes — Income Tax (Concessionary Rate of Tax for International Growth Company) Regulations 2017 is currently in force.
- When did Income Tax (Concessionary Rate of Tax for International Growth Company) Regulations 2017 take effect?
- Income Tax (Concessionary Rate of Tax for International Growth Company) Regulations 2017 was first recorded in 1947.
- How many regulations does Income Tax (Concessionary Rate of Tax for International Growth Company) Regulations 2017 have?
- Income Tax (Concessionary Rate of Tax for International Growth Company) Regulations 2017 contains 3 regulations.
- Where can I read the official version of Income Tax (Concessionary Rate of Tax for International Growth Company) Regulations 2017?
- The official text of Income Tax (Concessionary Rate of Tax for International Growth Company) Regulations 2017 is published at sso.agc.gov.sg.