Singapore legislation
Regulation 5
of Income Tax (Concessionary Rate of Tax for Approved Qualifying Companies) Regulations 2013
Regulation 5
Determination of income chargeable to tax
For the purposes of regulation 4, the Comptroller shall determine —
(a)
the income chargeable to tax of an approved qualifying company 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 activities specified in regulation 4 may be deducted under the Act in ascertaining the chargeable income of an approved qualifying company.