Singapore legislation
Regulation 5
of Income Tax (Concessionary Rate of Tax for Approved Finance and Treasury Centre) Regulations 2017
Regulation 5
Concessionary rate of tax
Subregulation 1
Tax is payable at the concessionary rate specified in section 43E(1A) of the Act on the income of a company derived from the operation of its approved Finance and Treasury Centre —
in respect of the provision of qualifying services that have been approved under section 43E(2)(a) of the Act; and
in respect of qualifying activities that have been approved under section 43E(2)(b) of the Act.
Subregulation 2
Paragraph (1) only applies —
if those qualifying services or qualifying activities (as the case may be) are approved in relation to the Finance and Treasury Centre for that concessionary rate of tax; and
from a date the Minister or an authorised body specifies.