Singapore legislation
Regulation 4
of Income Tax (Concessionary Rate of Tax for Approved Insurance Brokers) Regulations 2017
Regulation 4
Approval of insurance broker
Amended byS 941/2022 wef 06/12/2022
Subregulation 1
Amended byS 941/2022 wef 06/12/2022
The Minister or an authorised body may, upon application by a company that is a direct insurance broker, general reinsurance broker or life reinsurance broker and if the Minister or the authorised body (as the case may be) considers it expedient in the public interest to do so, approve the company as an approved insurance broker.
Subregulation 2
Any approval granted under paragraph (1) is for a period of 5 years.
Subregulation 3
[Deleted by S 8/2019 wef 01/04/2018]