Income Tax Act

(Original Enactment: Ordinance 39 of 1947)

(1st January 2008)
An Act to impose a tax upon incomes and to regulate the collection thereof.
[1st January 1948]
Short title
1.  This Act may be cited as the Income Tax Act.
2.—(1)  In this Act, unless the subject or context otherwise requires —
“account with the electronic service”, in relation to any person, means a computer account within the electronic service which is assigned by the Comptroller to that person for the storage and retrieval of electronic records relating to that person;
“accountant” means a public accountant within the meaning of the Accountants Act (Cap. 2);
“advocate and solicitor” means an advocate and solicitor within the meaning of the Legal Profession Act (Cap. 161);
“annual value” has the same meaning as in section 2 of the Property Tax Act (Cap. 254) and shall be ascertained in the same manner as annual value is ascertained under that Act;
“approved pension or provident fund or society” means a pension or provident fund or society approved by the Comptroller under section 5;
“authentication code”, in relation to any person, means an identification or identifying code, a password or any other authentication method or procedure which is assigned to that person for the purposes of identifying and authenticating the access to and use of the electronic service by that person;
“basis period” for any year of assessment means the period on the profits of which tax for that year falls to be assessed;
“body of persons” means any body politic, corporate or collegiate, any corporation sole and any fraternity, fellowship or society of persons whether corporate or unincorporate but does not include a company or a partnership;
“Commonwealth”, in relation to a country, means any country recognised by the President to be a Commonwealth country and “part of the Commonwealth” means any Commonwealth country, colony, protectorate or protected state or any other territory administered by the government of any Commonwealth country;
“company” means any company incorporated or registered under any law in force in Singapore or elsewhere;
“Comptroller” means the Comptroller of Income Tax appointed under section 3(1) and includes, for all purposes of this Act except the exercise of the powers conferred upon the Comptroller by sections 37J(5), 67(1)(a), 95, 96, 96A and 101, a Deputy Comptroller or an Assistant Comptroller so appointed;
“country” includes a territory;
“crops” includes any form of vegetable produce;
“earned income” means the statutory income of an individual or a Hindu joint family, reduced by any deduction made under section 37(3)(a) or 37E or claimed under section 37D (excluding any donation referred to in section 37D(8)(c)) or 37F from —<
(a)gains or profits from any trade, business, profession, vocation or employment on which tax is payable under section 10(1), where the Comptroller is satisfied that such gains or profits are immediately derived from the carrying on or exercise by such individual or Hindu joint family, as the case may be, of such trade, business, profession, vocation or employment; and
(b)any pension on which tax is payable under section 10(1)(e) given to the individual in respect of the past services of such individual or any deceased individual;