Regulation 1
Citation and commencement
These Regulations may be cited as the Income Tax (Concessionary Rate of Tax for Shipping Investment Manager) Regulations 2010 and shall be deemed to have come into operation on 1st March 2006.
/akn/sg/act/sub_leg/1947/ITA-S696-2010
Income Tax (Concessionary Rate of Tax for Shipping Investment Manager) Regulations 2010
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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 Shipping Investment Manager) Regulations 2010 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S696-2010 1947, currently marked in force and first recorded in 1947.
Regulation 2
Concessionary rate of tax
Tax at the rate of 10% shall be levied and paid for each year of assessment on the income derived on or after 1st March 2006 by an approved shipping investment manager from managing an approved shipping investment enterprise.
Regulation 3
Determination of income chargeable to tax
For the purpose of regulation 2, the Comptroller shall determine —
(a)
the income chargeable to tax of an approved shipping investment manager having regard to such expenses, capital allowances and donations allowable under the Act as are, in his opinion, to be deducted in ascertaining such income; and
(b)
the manner and extent to which any losses arising from the activity referred to in regulation 2 may be deducted under the Act in ascertaining the chargeable income of the approved shipping investment manager.
Common questions
- What is Income Tax (Concessionary Rate of Tax for Shipping Investment Manager) Regulations 2010?
- Income Tax (Concessionary Rate of Tax for Shipping Investment Manager) Regulations 2010 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S696-2010 1947, currently marked in force and first recorded in 1947.
- Is Income Tax (Concessionary Rate of Tax for Shipping Investment Manager) Regulations 2010 still in force?
- Yes — Income Tax (Concessionary Rate of Tax for Shipping Investment Manager) Regulations 2010 is currently in force.
- When did Income Tax (Concessionary Rate of Tax for Shipping Investment Manager) Regulations 2010 take effect?
- Income Tax (Concessionary Rate of Tax for Shipping Investment Manager) Regulations 2010 was first recorded in 1947.
- How many regulations does Income Tax (Concessionary Rate of Tax for Shipping Investment Manager) Regulations 2010 have?
- Income Tax (Concessionary Rate of Tax for Shipping Investment Manager) Regulations 2010 contains 3 regulations.
- Where can I read the official version of Income Tax (Concessionary Rate of Tax for Shipping Investment Manager) Regulations 2010?
- The official text of Income Tax (Concessionary Rate of Tax for Shipping Investment Manager) Regulations 2010 is published at sso.agc.gov.sg.