﻿<?xml version="1.0" encoding="utf-8"?><?xml-stylesheet type="text/xsl" href="/CMS/Content/rss2full.xsl"?><?xml-stylesheet type="text/css" href="/CMS/Content/rss.css"?><rss xmlns:a10="http://www.w3.org/2005/Atom" version="2.0"><channel><title>Income Tax Act amendments</title><link>https://sso.agc.gov.sg/Act/ITA1947/Historical/20181231?DocDate=20051115&amp;ValidDate=20181231&amp;ViewType=Rss</link><description>Singapore Statutes Online RSS Feed</description><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr2-</link><title>Income Tax Act 1947 - 2 Interpretation</title><description>Interpretation 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 ...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr8-</link><title>Income Tax Act 1947 - 8 Service and signature of notices, etc.</title><description>Service and signature of notices, etc. Except where it is provided by this Act that service must be effected either personally or by registered post, the Comptroller may serve a no...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr8A-</link><title>Income Tax Act 1947 - 8A Use of electronic service</title><description>Use of electronic service Any person who is — filing or submitting any return, estimate, statement or document — may; or giving a notice under section 45(1)(b ) or 45D(2) or provid...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr10-</link><title>Income Tax Act 1947 - 10 Charge of income tax</title><description>Charge of income tax Income tax is, subject to the provisions of this Act, payable at the rate or rates specified hereinafter for each year of assessment upon the income of any per...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr10G-</link><title>Income Tax Act 1947 - 10G Withdrawals from Supplementary Retirement Scheme</title><description>Withdrawals from Supplementary Retirement Scheme Where the amount of withdrawals made by an SRS member from his or her SRS account in any year exceeds the amount the SRS member con...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr10L-</link><title>Income Tax Act 1947 - 10L Gains from the sale of foreign assets</title><description>Gains from the sale of foreign assets Despite anything in this Act, gains from the sale or disposal by an entity (called in this section the seller entity) of a relevant group of a...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr13D-</link><title>Income Tax Act 1947 - 13D Exemption of income of prescribed persons arising from funds managed by fund manager in Singapore</title><description>Exemption of income of prescribed persons arising from funds managed by fund manager in Singapore There is exempt from tax such income as the Minister may by regulations prescribe ...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr13I-</link><title>Income Tax Act 1947 - 13I Exemption of tax on gains or profits from equity remuneration incentive scheme</title><description>Exemption of tax on gains or profits from equity remuneration incentive scheme Where a qualifying employee derives any gains or profits in any year of assessment, after the expiry ...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr13K-</link><title>Income Tax Act 1947 - 13K Exemption of tax on income derived by non‑ordinarily resident individual</title><description>Exemption of tax on income derived by non‑ordinarily resident individual Where an NOR individual is resident in Singapore in any year of assessment within the period he or she is a...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr13O-</link><title>Income Tax Act 1947 - 13O Exemption of income of company incorporated and resident in Singapore arising from funds managed by fund manager in Singapore</title><description>Exemption of income of company incorporated and resident in Singapore arising from funds managed by fund manager in Singapore Subject to such conditions as may be prescribed by reg...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr14-</link><title>Income Tax Act 1947 - 14 Deductions allowed</title><description>Deductions allowed For the purpose of ascertaining the income of any person for any period from any source chargeable with tax under this Act (called in this Part the income), ther...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr14A-</link><title>Income Tax Act 1947 - 14A Deduction for costs for protecting intellectual property</title><description>Deduction for costs for protecting intellectual property Subject to this section, where a person carrying on a trade or business has incurred — patenting costs during the period fr...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr14C-</link><title>Income Tax Act 1947 - 14C Expenditure on research and development</title><description>Expenditure on research and development For the purpose of ascertaining the income of any person carrying on any trade or business and subject to subsection (4), the following expe...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr14D-</link><title>Income Tax Act 1947 - 14D Enhanced deduction for qualifying expenditure on research and development</title><description>Enhanced deduction for qualifying expenditure on research and development Subject to this section, for the purpose of ascertaining the income of a person carrying on any trade or b...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr14E-</link><title>Income Tax Act 1947 - 14E Further deduction for expenditure on research and development project</title><description>Further deduction for expenditure on research and development project Subject to this section, where the Comptroller is satisfied that — a person carrying on any trade or business ...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr14EA-</link><title>Income Tax Act 1947 - 14EA Deduction for expenditure incurred on qualifying innovation projects</title><description>Deduction for expenditure incurred on qualifying innovation projects Subject to this section, for the purpose of ascertaining the income of a person carrying on a trade or business...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr14J-</link><title>Income Tax Act 1947 - 14J Deduction for upfront land premium</title><description>Deduction for upfront land premium Where the Comptroller is satisfied that an upfront land premium has been paid by a lessee to a relevant body in respect of a designated lease for...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr14L-</link><title>Income Tax Act 1947 - 14L Deduction for treasury shares transferred under employee equity‑based remuneration scheme</title><description>Deduction for treasury shares transferred under employee equity‑based remuneration scheme Where a company transfers, in the basis period for the year of assessment 2007 or any subs...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr14M-</link><title>Income Tax Act 1947 - 14M Deduction for shares transferred by special purpose vehicle under employee equity‑based remuneration scheme</title><description>Deduction for shares transferred by special purpose vehicle under employee equity‑based remuneration scheme Where — a special purpose vehicle has acquired treasury shares or previo...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr14O-</link><title>Income Tax Act 1947 - 14O Deduction for qualifying training expenditure for years of assessment 2011 to 2018</title><description>Deduction for qualifying training expenditure for years of assessment 2011 to 2018 Subject to this section, for the purpose of ascertaining the income of a person carrying on a tra...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr14Q-</link><title>Income Tax Act 1947 - 14Q Deduction for expenditure on leasing of PIC automation equipment under qualifying lease</title><description>Deduction for expenditure on leasing of PIC automation equipment under qualifying lease Subject to this section, for the purpose of ascertaining the income of a person carrying on ...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr14T-</link><title>Income Tax Act 1947 - 14T Deduction for expenditure on licensing intellectual property rights</title><description>Deduction for expenditure on licensing intellectual property rights Subject to this section and section 37J, for the purpose of ascertaining the income of a person carrying on a tr...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr14U-</link><title>Income Tax Act 1947 - 14U Enhanced deduction for expenditure on licensing intellectual property rights</title><description>Enhanced deduction for expenditure on licensing intellectual property rights Subject to this section, for the purpose of ascertaining the income of a person carrying on a trade or ...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr14W-</link><title>Income Tax Act 1947 - 14W Deduction for expenditure incurred by individual in deriving passive rental income in Singapore</title><description>Deduction for expenditure incurred by individual in deriving passive rental income in Singapore This section applies for the purpose of ascertaining an individual’s income for the ...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr14Z-</link><title>Income Tax Act 1947 - 14Z Deduction for expenditure for services or secondment to institutions of a public character</title><description>Deduction for expenditure for services or secondment to institutions of a public character Subject to this section, where the Comptroller is satisfied that a qualifying person has ...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr14ZG-</link><title>Income Tax Act 1947 - 14ZG Deduction for qualifying training expenditure for years of assessment 2024 to 2028</title><description>Deduction for qualifying training expenditure for years of assessment 2024 to 2028 Subject to this section, for the purpose of ascertaining the income of a person carrying on a tra...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr19-</link><title>Income Tax Act 1947 - 19 Initial and annual allowances for machinery or plant</title><description>Initial and annual allowances for machinery or plant Where a person carrying on a trade, profession or business incurs capital expenditure on the provision of machinery or plant fo...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr19A-</link><title>Income Tax Act 1947 - 19A Allowances of 3 years or 2 years write‑off for machinery and plant, and 100% write‑off for computer, prescribed automation equipment and robot, etc.</title><description>Allowances of 3 years or 2 years write‑off for machinery and plant, and 100% write‑off for computer, prescribed automation equipment and robot, etc. Despite section 19, where a per...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr19B-</link><title>Income Tax Act 1947 - 19B Writing‑down allowances for intellectual property rights</title><description>Writing‑down allowances for intellectual property rights Subject to this section, where a company carrying on a trade or business has incurred on or after capital expenditure in ac...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr19D-</link><title>Income Tax Act 1947 - 19D Writing‑down allowance for IRU</title><description>Writing‑down allowance for IRU Subject to this section, where a person carrying on a trade, business or profession has incurred capital expenditure during or after the basis period...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr19E-</link><title>Income Tax Act 1947 - 19E Use of open‑market price for making allowances under sections 19, 19A and 19D</title><description>Use of open‑market price for making allowances under sections 19, 19A and 19D This section applies for the purpose of making an allowance under section 19, 19A or 19D for capital e...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr20-</link><title>Income Tax Act 1947 - 20 Balancing allowances and charges for machinery or plant</title><description>Balancing allowances and charges for machinery or plant Except as provided in this section, where at any time after the setting up and on or before the permanent discontinuance of ...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr23-</link><title>Income Tax Act 1947 - 23 Carry forward of allowances</title><description>Carry forward of allowances Where, in any year of assessment, full effect cannot, by reason of an insufficiency of gains or profits chargeable for that year of assessment, be given...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr34G-</link><title>Income Tax Act 1947 - 34G Modification of provisions for companies redomiciled in Singapore</title><description>Modification of provisions for companies redomiciled in Singapore This section applies to a body corporate incorporated outside Singapore that is registered as a company limited by...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr34H-</link><title>Income Tax Act 1947 - 34H Tax credits for approved redomiciled companies</title><description>Tax credits for approved redomiciled companies This section applies where — an approved redomiciled company has income (called in this section income A) that is chargeable to tax i...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr34I-</link><title>Income Tax Act 1947 - 34I Adjustments arising from adoption of FRS 115 or SFRS(I) 15</title><description>Adjustments arising from adoption of FRS 115 or SFRS(I) 15 This section applies where — a person prepares or maintains the person’s financial accounts for any basis period for a ye...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr34J-</link><title>Income Tax Act 1947 - 34J Tax treatment arising from adoption of FRS 116 or SFRS(I) 16</title><description>Tax treatment arising from adoption of FRS 116 or SFRS(I) 16 Where an MSI recipient (called in this section an electing recipient) makes an election in accordance with subsection (...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr36A-</link><title>Income Tax Act 1947 - 36A Limited liability partnership</title><description>Limited liability partnership For the purposes of this Act, where a limited liability partnership carries on a trade, business, profession or vocation — all the activities of the p...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr36C-</link><title>Income Tax Act 1947 - 36C Limited partnership</title><description>Limited partnership For the purposes of this Act, except as otherwise provided — references to a partnership include references to a limited partnership; and references to partners...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr37-</link><title>Income Tax Act 1947 - 37 Assessable income</title><description>Assessable income The assessable income of any person from all sources chargeable with tax under this Act for any year of assessment is the remainder of the person’s statutory inco...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr37A-</link><title>Income Tax Act 1947 - 37A Adjustment of capital allowances, losses or donations between income subject to tax at different rates</title><description>Adjustment of capital allowances, losses or donations between income subject to tax at different rates This section applies where — a company has income subject to tax at different...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr37B-</link><title>Income Tax Act 1947 - 37B Group relief for Singapore companies</title><description>Group relief for Singapore companies Subject to the provisions of this section, a transferor company may transfer any qualifying deduction for any year of assessment to a claimant ...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr37D-</link><title>Income Tax Act 1947 - 37D Carry‑back of capital allowances and losses</title><description>Carry‑back of capital allowances and losses Subject to the provisions of this section, a person may deduct any qualifying deduction for any year of assessment against the person’s ...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr37E-</link><title>Income Tax Act 1947 - 37E Carry‑back of capital allowances and losses between spouses</title><description>Carry‑back of capital allowances and losses between spouses Subject to the provisions of this section, an individual may transfer any qualifying deduction for any year of assessmen...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr37F-</link><title>Income Tax Act 1947 - 37F Deduction for incremental expenditure on research and development</title><description>Deduction for incremental expenditure on research and development Subject to this section, where any company incurs during the basis period for any year of assessment between the y...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr37G-</link><title>Income Tax Act 1947 - 37G Cash payout under Productivity and Innovation Credit Scheme</title><description>Cash payout under Productivity and Innovation Credit Scheme Subject to this section, where any qualifying person has incurred expenditure — during the basis period relating to the ...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr37H-</link><title>Income Tax Act 1947 - 37H Productivity and Innovation Credit bonus</title><description>Productivity and Innovation Credit bonus For each of the years of assessment 2013, 2014 and 2015, a person, being a company or firm (including a partnership) (called in this sectio...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr37N-</link><title>Income Tax Act 1947 - 37N Deduction for qualifying investments in qualifying start‑up companies</title><description>Deduction for qualifying investments in qualifying start‑up companies Where an individual proposes to make one or more qualifying investments that complies with subsection (4) in a...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr37O-</link><title>Income Tax Act 1947 - 37O Deduction for acquisition of shares of companies</title><description>Deduction for acquisition of shares of companies Subject to this section, where — a Singapore company (called in this section the acquiring company); any one or more subsidiaries o...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr37R-</link><title>Income Tax Act 1947 - 37R Cash payout under Enterprise Innovation Scheme</title><description>Cash payout under Enterprise Innovation Scheme Subject to this section, where any eligible person has incurred expenditure during the basis period for any year of assessment betwee...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr43U-</link><title>Income Tax Act 1947 - 43U Concessionary rate of tax for shipping‑related support services</title><description>Concessionary rate of tax for shipping‑related support services Despite section 43, tax at the rate of 10% is to be levied and paid for each year of assessment upon the amount of i...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr43W-</link><title>Income Tax Act 1947 - 43W Concessionary rate of tax for international growth company</title><description>Concessionary rate of tax for international growth company Despite section 43, the Minister may by regulations provide that tax at the rate of 10% is to be levied and paid upon the...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr45E-</link><title>Income Tax Act 1947 - 45E Application of section 45 to withdrawals by non‑citizen SRS members, etc.</title><description>Application of section 45 to withdrawals by non‑citizen SRS members, etc. Subject to subsections (2) and (2A), section 45 applies in relation to — any withdrawal made — under secti...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr45EA-</link><title>Income Tax Act 1947 - 45EA Approval of deduction of investment from SRS account of non‑citizen</title><description>Approval of deduction of investment from SRS account of non‑citizen This section applies to an investment made using funds from an SRS account of an SRS member who is not a citizen...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr49-</link><title>Income Tax Act 1947 - 49 Avoidance of double taxation arrangements</title><description>Avoidance of double taxation arrangements If the Minister by order declares that arrangements specified in the order have been made with the government of any country outside Singa...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr81-</link><title>Income Tax Act 1947 - 81 Appeals to General Division of High Court</title><description>Appeals to General Division of High Court Except as provided in this section, the decision of the Board is final. 40/2019 In any case in which the amount of tax payable, tax to be ...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr107-</link><title>Income Tax Act 1947 - 107 Variable capital companies or VCCs</title><description>Variable capital companies or VCCs For the purposes of this Act, and subject to the modifications in this section and the rules under subsection (30), a reference to a company in t...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=Sc3-</link><title>Income Tax Act 1947 - Third Schedule </title><description>PROVISION THAT APPLIES IN PLACE OF SECTION 13W WHERE INCOME IS THAT OF AN UMBRELLA VCC FROM DISPOSAL OF ORDINARY SHARES IN A COMPANY OR VCC Sections 106(1) and 107(17) and (18) Sec...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=xv-</link><title>Income Tax Act 1947 - Legislative History</title><description>This Legislative History is provided for the convenience of users of the Income Tax Act. It is not part of the Act. Ordinance 39 of 1947 Income Tax Ordinance 1947 Date of First Rea...</description><pubDate>Fri, 26 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr10-</link><title>Income Tax Act 1947 - 10 Charge of income tax</title><description>Charge of income tax Income tax is, subject to the provisions of this Act, payable at the rate or rates specified hereinafter for each year of assessment upon the income of any per...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr10B-</link><title>Income Tax Act 1947 - 10B Excess provident fund contributions, etc., deemed to be income</title><description>Excess provident fund contributions, etc., deemed to be income Despite section 13(1)(j ), where in any year, contributions have been made by an employer in respect of an employee u...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr10G-</link><title>Income Tax Act 1947 - 10G Withdrawals from Supplementary Retirement Scheme</title><description>Withdrawals from Supplementary Retirement Scheme Where the amount of withdrawals made by an SRS member from his or her SRS account in any year exceeds the amount the SRS member con...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr10H-</link><title>Income Tax Act 1947 - 10H Securities lending or repurchase arrangement</title><description>Securities lending or repurchase arrangement For the purpose of determining whether an amount, other than any fee payable under a securities lending or repurchase arrangement, shou...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr10L-</link><title>Income Tax Act 1947 - 10L Gains from the sale of foreign assets</title><description>Gains from the sale of foreign assets Despite anything in this Act, gains from the sale or disposal by an entity (called in this section the seller entity) of a relevant group of a...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr13-</link><title>Income Tax Act 1947 - 13 Exempt income</title><description>Exempt income There is exempt from tax — subject to subsection (2) and such conditions as may be prescribed by regulations, the interest derived from — any qualifying debt securiti...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr13A-</link><title>Income Tax Act 1947 - 13A Exemption of shipping profits</title><description>Exemption of shipping profits There is exempt from tax the income of a shipping enterprise derived or deemed to be derived from the operation of Singapore ships or foreign ships as...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr13D-</link><title>Income Tax Act 1947 - 13D Exemption of income of prescribed persons arising from funds managed by fund manager in Singapore</title><description>Exemption of income of prescribed persons arising from funds managed by fund manager in Singapore There is exempt from tax such income as the Minister may by regulations prescribe ...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr13G-</link><title>Income Tax Act 1947 - 13G Exemption of income of venture company</title><description>Exemption of income of venture company The Minister may make regulations to provide that such income as the Minister may specify of an approved venture company derived by it from m...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr13H-</link><title>Income Tax Act 1947 - 13H Exemption of tax on gains or profits from equity remuneration incentive scheme (SMEs)</title><description>Exemption of tax on gains or profits from equity remuneration incentive scheme (SMEs) Where a qualifying employee derives any gains or profits in any year of assessment, after the ...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr13I-</link><title>Income Tax Act 1947 - 13I Exemption of tax on gains or profits from equity remuneration incentive scheme</title><description>Exemption of tax on gains or profits from equity remuneration incentive scheme Where a qualifying employee derives any gains or profits in any year of assessment, after the expiry ...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr13K-</link><title>Income Tax Act 1947 - 13K Exemption of tax on income derived by non‑ordinarily resident individual</title><description>Exemption of tax on income derived by non‑ordinarily resident individual Where an NOR individual is resident in Singapore in any year of assessment within the period he or she is a...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr13O-</link><title>Income Tax Act 1947 - 13O Exemption of income of company incorporated and resident in Singapore arising from funds managed by fund manager in Singapore</title><description>Exemption of income of company incorporated and resident in Singapore arising from funds managed by fund manager in Singapore Subject to such conditions as may be prescribed by reg...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr13P-</link><title>Income Tax Act 1947 - 13P Exemption of income of shipping investment enterprise</title><description>Exemption of income of shipping investment enterprise Subject to subsections (1G) and (4), there is exempt from tax the income derived by an approved shipping investment enterprise...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr13Q-</link><title>Income Tax Act 1947 - 13Q Exemption of trust income to which beneficiary is entitled</title><description>Exemption of trust income to which beneficiary is entitled Where any beneficiary of a trust who is resident in Singapore is entitled to any share of the statutory income of the tru...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr13S-</link><title>Income Tax Act 1947 - 13S Exemption of income derived by law practice from international arbitration held in Singapore</title><description>Exemption of income derived by law practice from international arbitration held in Singapore Any law practice intending to provide legal services in connection with any internation...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr14-</link><title>Income Tax Act 1947 - 14 Deductions allowed</title><description>Deductions allowed For the purpose of ascertaining the income of any person for any period from any source chargeable with tax under this Act (called in this Part the income), ther...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr14A-</link><title>Income Tax Act 1947 - 14A Deduction for costs for protecting intellectual property</title><description>Deduction for costs for protecting intellectual property Subject to this section, where a person carrying on a trade or business has incurred — patenting costs during the period fr...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr14B-</link><title>Income Tax Act 1947 - 14B Further deduction for expenses relating to approved trade fairs, exhibitions or trade missions, maintenance of overseas trade office, or electronic commerce</title><description>Further deduction for expenses relating to approved trade fairs, exhibitions or trade missions, maintenance of overseas trade office, or electronic commerce Subject to this section...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr14C-</link><title>Income Tax Act 1947 - 14C Expenditure on research and development</title><description>Expenditure on research and development For the purpose of ascertaining the income of any person carrying on any trade or business and subject to subsection (4), the following expe...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr14D-</link><title>Income Tax Act 1947 - 14D Enhanced deduction for qualifying expenditure on research and development</title><description>Enhanced deduction for qualifying expenditure on research and development Subject to this section, for the purpose of ascertaining the income of a person carrying on any trade or b...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr14E-</link><title>Income Tax Act 1947 - 14E Further deduction for expenditure on research and development project</title><description>Further deduction for expenditure on research and development project Subject to this section, where the Comptroller is satisfied that — a person carrying on any trade or business ...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr14EA-</link><title>Income Tax Act 1947 - 14EA Deduction for expenditure incurred on qualifying innovation projects</title><description>Deduction for expenditure incurred on qualifying innovation projects Subject to this section, for the purpose of ascertaining the income of a person carrying on a trade or business...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr14G-</link><title>Income Tax Act 1947 - 14G Provisions by banks and qualifying finance companies for doubtful debts and diminution in value of investments</title><description>Provisions by banks and qualifying finance companies for doubtful debts and diminution in value of investments Subject to this section, for the purpose of ascertaining the income f...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr14J-</link><title>Income Tax Act 1947 - 14J Deduction for upfront land premium</title><description>Deduction for upfront land premium Where the Comptroller is satisfied that an upfront land premium has been paid by a lessee to a relevant body in respect of a designated lease for...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr14L-</link><title>Income Tax Act 1947 - 14L Deduction for treasury shares transferred under employee equity‑based remuneration scheme</title><description>Deduction for treasury shares transferred under employee equity‑based remuneration scheme Where a company transfers, in the basis period for the year of assessment 2007 or any subs...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr14M-</link><title>Income Tax Act 1947 - 14M Deduction for shares transferred by special purpose vehicle under employee equity‑based remuneration scheme</title><description>Deduction for shares transferred by special purpose vehicle under employee equity‑based remuneration scheme Where — a special purpose vehicle has acquired treasury shares or previo...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr14N-</link><title>Income Tax Act 1947 - 14N Deduction for renovation or refurbishment expenditure</title><description>Deduction for renovation or refurbishment expenditure Subject to this section, where any person carrying on a trade, profession or business has incurred on or after expenditure on ...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr14O-</link><title>Income Tax Act 1947 - 14O Deduction for qualifying training expenditure for years of assessment 2011 to 2018</title><description>Deduction for qualifying training expenditure for years of assessment 2011 to 2018 Subject to this section, for the purpose of ascertaining the income of a person carrying on a tra...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr14Q-</link><title>Income Tax Act 1947 - 14Q Deduction for expenditure on leasing of PIC automation equipment under qualifying lease</title><description>Deduction for expenditure on leasing of PIC automation equipment under qualifying lease Subject to this section, for the purpose of ascertaining the income of a person carrying on ...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr14T-</link><title>Income Tax Act 1947 - 14T Deduction for expenditure on licensing intellectual property rights</title><description>Deduction for expenditure on licensing intellectual property rights Subject to this section and section 37J, for the purpose of ascertaining the income of a person carrying on a tr...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr14U-</link><title>Income Tax Act 1947 - 14U Enhanced deduction for expenditure on licensing intellectual property rights</title><description>Enhanced deduction for expenditure on licensing intellectual property rights Subject to this section, for the purpose of ascertaining the income of a person carrying on a trade or ...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr14W-</link><title>Income Tax Act 1947 - 14W Deduction for expenditure incurred by individual in deriving passive rental income in Singapore</title><description>Deduction for expenditure incurred by individual in deriving passive rental income in Singapore This section applies for the purpose of ascertaining an individual’s income for the ...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr14Z-</link><title>Income Tax Act 1947 - 14Z Deduction for expenditure for services or secondment to institutions of a public character</title><description>Deduction for expenditure for services or secondment to institutions of a public character Subject to this section, where the Comptroller is satisfied that a qualifying person has ...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr14ZG-</link><title>Income Tax Act 1947 - 14ZG Deduction for qualifying training expenditure for years of assessment 2024 to 2028</title><description>Deduction for qualifying training expenditure for years of assessment 2024 to 2028 Subject to this section, for the purpose of ascertaining the income of a person carrying on a tra...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr15-</link><title>Income Tax Act 1947 - 15 Deductions not allowed</title><description>Deductions not allowed Despite the provisions of this Act, for the purpose of ascertaining the income of any person, no deduction is allowed in respect of — domestic or private exp...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr19-</link><title>Income Tax Act 1947 - 19 Initial and annual allowances for machinery or plant</title><description>Initial and annual allowances for machinery or plant Where a person carrying on a trade, profession or business incurs capital expenditure on the provision of machinery or plant fo...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr19A-</link><title>Income Tax Act 1947 - 19A Allowances of 3 years or 2 years write‑off for machinery and plant, and 100% write‑off for computer, prescribed automation equipment and robot, etc.</title><description>Allowances of 3 years or 2 years write‑off for machinery and plant, and 100% write‑off for computer, prescribed automation equipment and robot, etc. Despite section 19, where a per...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr19B-</link><title>Income Tax Act 1947 - 19B Writing‑down allowances for intellectual property rights</title><description>Writing‑down allowances for intellectual property rights Subject to this section, where a company carrying on a trade or business has incurred on or after capital expenditure in ac...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr19D-</link><title>Income Tax Act 1947 - 19D Writing‑down allowance for IRU</title><description>Writing‑down allowance for IRU Subject to this section, where a person carrying on a trade, business or profession has incurred capital expenditure during or after the basis period...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr19E-</link><title>Income Tax Act 1947 - 19E Use of open‑market price for making allowances under sections 19, 19A and 19D</title><description>Use of open‑market price for making allowances under sections 19, 19A and 19D This section applies for the purpose of making an allowance under section 19, 19A or 19D for capital e...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr20-</link><title>Income Tax Act 1947 - 20 Balancing allowances and charges for machinery or plant</title><description>Balancing allowances and charges for machinery or plant Except as provided in this section, where at any time after the setting up and on or before the permanent discontinuance of ...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr23-</link><title>Income Tax Act 1947 - 23 Carry forward of allowances</title><description>Carry forward of allowances Where, in any year of assessment, full effect cannot, by reason of an insufficiency of gains or profits chargeable for that year of assessment, be given...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr26-</link><title>Income Tax Act 1947 - 26 Profits of insurers</title><description>Profits of insurers Subject to sections 34A, 34AA and 34AAA , this section has effect despite anything to the contrary in this Act, except that nothing in this section affects the ...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr34AA-</link><title>Income Tax Act 1947 - 34AA Adjustment on change of basis of computing profits of financial instruments resulting from FRS 109 or SFRS(I) 9</title><description>Adjustment on change of basis of computing profits of financial instruments resulting from FRS 109 or SFRS(I) 9 Despite the provisions of this Act but subject to section 34G(3), (4...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr34D-</link><title>Income Tax Act 1947 - 34D Transactions not at arm’s length</title><description>Transactions not at arm’s length Subsection (1A) applies where — 2 persons are related parties; conditions are made or imposed between them in their commercial or financial relatio...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr34G-</link><title>Income Tax Act 1947 - 34G Modification of provisions for companies redomiciled in Singapore</title><description>Modification of provisions for companies redomiciled in Singapore This section applies to a body corporate incorporated outside Singapore that is registered as a company limited by...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr34H-</link><title>Income Tax Act 1947 - 34H Tax credits for approved redomiciled companies</title><description>Tax credits for approved redomiciled companies This section applies where — an approved redomiciled company has income (called in this section income A) that is chargeable to tax i...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr34I-</link><title>Income Tax Act 1947 - 34I Adjustments arising from adoption of FRS 115 or SFRS(I) 15</title><description>Adjustments arising from adoption of FRS 115 or SFRS(I) 15 This section applies where — a person prepares or maintains the person’s financial accounts for any basis period for a ye...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr34J-</link><title>Income Tax Act 1947 - 34J Tax treatment arising from adoption of FRS 116 or SFRS(I) 16</title><description>Tax treatment arising from adoption of FRS 116 or SFRS(I) 16 Where an MSI recipient (called in this section an electing recipient) makes an election in accordance with subsection (...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr35-</link><title>Income Tax Act 1947 - 35 Basis for computing statutory income</title><description>Basis for computing statutory income Except as provided in this section, the income of any person for each year of assessment (called in this Act the statutory income) is the full ...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr36A-</link><title>Income Tax Act 1947 - 36A Limited liability partnership</title><description>Limited liability partnership For the purposes of this Act, where a limited liability partnership carries on a trade, business, profession or vocation — all the activities of the p...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr36C-</link><title>Income Tax Act 1947 - 36C Limited partnership</title><description>Limited partnership For the purposes of this Act, except as otherwise provided — references to a partnership include references to a limited partnership; and references to partners...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr37-</link><title>Income Tax Act 1947 - 37 Assessable income</title><description>Assessable income The assessable income of any person from all sources chargeable with tax under this Act for any year of assessment is the remainder of the person’s statutory inco...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr37A-</link><title>Income Tax Act 1947 - 37A Adjustment of capital allowances, losses or donations between income subject to tax at different rates</title><description>Adjustment of capital allowances, losses or donations between income subject to tax at different rates This section applies where — a company has income subject to tax at different...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr37B-</link><title>Income Tax Act 1947 - 37B Group relief for Singapore companies</title><description>Group relief for Singapore companies Subject to the provisions of this section, a transferor company may transfer any qualifying deduction for any year of assessment to a claimant ...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr37D-</link><title>Income Tax Act 1947 - 37D Carry‑back of capital allowances and losses</title><description>Carry‑back of capital allowances and losses Subject to the provisions of this section, a person may deduct any qualifying deduction for any year of assessment against the person’s ...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr37E-</link><title>Income Tax Act 1947 - 37E Carry‑back of capital allowances and losses between spouses</title><description>Carry‑back of capital allowances and losses between spouses Subject to the provisions of this section, an individual may transfer any qualifying deduction for any year of assessmen...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr37F-</link><title>Income Tax Act 1947 - 37F Deduction for incremental expenditure on research and development</title><description>Deduction for incremental expenditure on research and development Subject to this section, where any company incurs during the basis period for any year of assessment between the y...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr37G-</link><title>Income Tax Act 1947 - 37G Cash payout under Productivity and Innovation Credit Scheme</title><description>Cash payout under Productivity and Innovation Credit Scheme Subject to this section, where any qualifying person has incurred expenditure — during the basis period relating to the ...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr37H-</link><title>Income Tax Act 1947 - 37H Productivity and Innovation Credit bonus</title><description>Productivity and Innovation Credit bonus For each of the years of assessment 2013, 2014 and 2015, a person, being a company or firm (including a partnership) (called in this sectio...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr37N-</link><title>Income Tax Act 1947 - 37N Deduction for qualifying investments in qualifying start‑up companies</title><description>Deduction for qualifying investments in qualifying start‑up companies Where an individual proposes to make one or more qualifying investments that complies with subsection (4) in a...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr37O-</link><title>Income Tax Act 1947 - 37O Deduction for acquisition of shares of companies</title><description>Deduction for acquisition of shares of companies Subject to this section, where — a Singapore company (called in this section the acquiring company); any one or more subsidiaries o...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr37R-</link><title>Income Tax Act 1947 - 37R Cash payout under Enterprise Innovation Scheme</title><description>Cash payout under Enterprise Innovation Scheme Subject to this section, where any eligible person has incurred expenditure during the basis period for any year of assessment betwee...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr39-</link><title>Income Tax Act 1947 - 39 Relief and deduction for resident individual</title><description>Relief and deduction for resident individual In the case of an individual resident in Singapore in the year of assessment, there is allowed a deduction, in respect of earned income...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr40A-</link><title>Income Tax Act 1947 - 40A Relief for non‑resident public entertainers</title><description>Relief for non‑resident public entertainers This section applies to a person who, in any year of assessment, is not resident in Singapore and who derives income as a public enterta...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr40B-</link><title>Income Tax Act 1947 - 40B Relief for non‑resident employees</title><description>Relief for non‑resident employees This section applies to a person who, in any year of assessment, is not resident in Singapore and who derives income from the exercise of any empl...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr40C-</link><title>Income Tax Act 1947 - 40C Relief for non‑resident SRS members</title><description>Relief for non‑resident SRS members This section applies to a person who, in any year of assessment, is not resident in Singapore and who makes any withdrawal from the person’s SRS...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr40D-</link><title>Income Tax Act 1947 - 40D Relief for non‑resident deriving income from activity as public entertainer and employee, etc.</title><description>Relief for non‑resident deriving income from activity as public entertainer and employee, etc. This section applies to a person who, in any year of assessment, is not resident in S...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr42-</link><title>Income Tax Act 1947 - 42 Rates of tax upon individuals</title><description>Rates of tax upon individuals There is to be levied and paid for each year of assessment upon the chargeable income of every person (other than a body of persons, a company, a pers...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr42A-</link><title>Income Tax Act 1947 - 42A Rebate for children of family</title><description>Rebate for children of family Where an individual resident in Singapore has — a second child of the family born to him or her on or after who is legitimate at the time of the birth...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr43F-</link><title>Income Tax Act 1947 - 43F Concessionary rate of tax for offshore leasing of machinery and plant</title><description>Concessionary rate of tax for offshore leasing of machinery and plant Despite section 43, tax at the rate of 10% is to be levied and paid for each year of assessment upon the incom...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr43H-</link><title>Income Tax Act 1947 - 43H Concessionary rate of tax for income derived from debt securities</title><description>Concessionary rate of tax for income derived from debt securities Despite section 43, the Minister may by regulations provide that tax at the rate of 10% is to be levied and paid f...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr43I-</link><title>Income Tax Act 1947 - 43I Concessionary rate of tax for global trading company and qualifying company</title><description>Concessionary rate of tax for global trading company and qualifying company Despite section 43, the Minister may by regulations provide that tax at the rate of 5% or 10% is to be l...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr43M-</link><title>Income Tax Act 1947 - 43M Concessionary rate of tax for trust income to which beneficiary is entitled</title><description>Concessionary rate of tax for trust income to which beneficiary is entitled Where any beneficiary of a trust who is resident in Singapore is entitled to any share of the statutory ...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr43U-</link><title>Income Tax Act 1947 - 43U Concessionary rate of tax for shipping‑related support services</title><description>Concessionary rate of tax for shipping‑related support services Despite section 43, tax at the rate of 10% is to be levied and paid for each year of assessment upon the amount of i...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr43W-</link><title>Income Tax Act 1947 - 43W Concessionary rate of tax for international growth company</title><description>Concessionary rate of tax for international growth company Despite section 43, the Minister may by regulations provide that tax at the rate of 10% is to be levied and paid upon the...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr45A-</link><title>Income Tax Act 1947 - 45A Application of section 45 to royalties, management fees, etc.</title><description>Application of section 45 to royalties, management fees, etc. Section 45(1) to (8) applies in relation to the payment of any income referred to in section 12(6) or (7) by any perso...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr45E-</link><title>Income Tax Act 1947 - 45E Application of section 45 to withdrawals by non‑citizen SRS members, etc.</title><description>Application of section 45 to withdrawals by non‑citizen SRS members, etc. Subject to subsections (2) and (2A), section 45 applies in relation to — any withdrawal made — under secti...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr45EA-</link><title>Income Tax Act 1947 - 45EA Approval of deduction of investment from SRS account of non‑citizen</title><description>Approval of deduction of investment from SRS account of non‑citizen This section applies to an investment made using funds from an SRS account of an SRS member who is not a citizen...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr49-</link><title>Income Tax Act 1947 - 49 Avoidance of double taxation arrangements</title><description>Avoidance of double taxation arrangements If the Minister by order declares that arrangements specified in the order have been made with the government of any country outside Singa...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr78-</link><title>Income Tax Act 1947 - 78 Board of Review</title><description>Board of Review For the purpose of hearing appeals in the manner hereinafter provided, there is to be a Board of Review (called in this Part the Board) consisting of not more than ...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr79-</link><title>Income Tax Act 1947 - 79 Right of appeal</title><description>Right of appeal Any person who, being aggrieved by an assessment made upon the person, has failed to agree with the Comptroller in the manner provided in section 76(6) may appeal t...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr80-</link><title>Income Tax Act 1947 - 80 Hearing and disposal of appeals</title><description>Hearing and disposal of appeals On receipt of a petition of appeal, the secretary must immediately forward one copy of it to the Comptroller, and must — as soon as possible thereaf...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr81-</link><title>Income Tax Act 1947 - 81 Appeals to General Division of High Court</title><description>Appeals to General Division of High Court Except as provided in this section, the decision of the Board is final. 40/2019 In any case in which the amount of tax payable, tax to be ...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr92-</link><title>Income Tax Act 1947 - 92 Remission, reduction or refund of tax</title><description>Remission, reduction or refund of tax The Comptroller may remit, wholly or in part, the tax payable by any person on the ground of poverty. The Minister may at any time, in his or ...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr93-</link><title>Income Tax Act 1947 - 93 Repayment of tax</title><description>Repayment of tax If it is proved to the Comptroller’s satisfaction that any person for any year of assessment has paid tax, by deduction or otherwise, in excess of the amount payab...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr94-</link><title>Income Tax Act 1947 - 94 General penalties</title><description>General penalties Except as provided in section 94A, any person who contravenes any of the provisions of this Act shall be guilty of an offence. Any person guilty of an offence und...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr105E-</link><title>Income Tax Act 1947 - 105E Comptroller to serve notice of request on certain persons</title><description>Comptroller to serve notice of request on certain persons After receipt of a request under section 105D for any information which, in the Comptroller’s opinion, is information ment...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr107-</link><title>Income Tax Act 1947 - 107 Variable capital companies or VCCs</title><description>Variable capital companies or VCCs For the purposes of this Act, and subject to the modifications in this section and the rules under subsection (30), a reference to a company in t...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=Sc3-</link><title>Income Tax Act 1947 - Third Schedule </title><description>PROVISION THAT APPLIES IN PLACE OF SECTION 13W WHERE INCOME IS THAT OF AN UMBRELLA VCC FROM DISPOSAL OF ORDINARY SHARES IN A COMPANY OR VCC Sections 106(1) and 107(17) and (18) Sec...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=Sc5-</link><title>Income Tax Act 1947 - Fifth Schedule Child relief</title><description>Sections 39(2) and (2AA), 39A and 106(1) Child relief Subject to the provisions of this Schedule, the allowable deduction to an individual in respect of each of his or her eligible...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=xv-</link><title>Income Tax Act 1947 - Legislative History</title><description>This Legislative History is provided for the convenience of users of the Income Tax Act. It is not part of the Act. Ordinance 39 of 1947 Income Tax Ordinance 1947 Date of First Rea...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr10-</link><title>Income Tax Act 1947 - 10 Charge of income tax</title><description>Charge of income tax Income tax is, subject to the provisions of this Act, payable at the rate or rates specified hereinafter for each year of assessment upon the income of any per...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr10G-</link><title>Income Tax Act 1947 - 10G Withdrawals from Supplementary Retirement Scheme</title><description>Withdrawals from Supplementary Retirement Scheme Where the amount of withdrawals made by an SRS member from his or her SRS account in any year exceeds the amount the SRS member con...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr10L-</link><title>Income Tax Act 1947 - 10L Gains from the sale of foreign assets</title><description>Gains from the sale of foreign assets Despite anything in this Act, gains from the sale or disposal by an entity (called in this section the seller entity) of a relevant group of a...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr13D-</link><title>Income Tax Act 1947 - 13D Exemption of income of prescribed persons arising from funds managed by fund manager in Singapore</title><description>Exemption of income of prescribed persons arising from funds managed by fund manager in Singapore There is exempt from tax such income as the Minister may by regulations prescribe ...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr13I-</link><title>Income Tax Act 1947 - 13I Exemption of tax on gains or profits from equity remuneration incentive scheme</title><description>Exemption of tax on gains or profits from equity remuneration incentive scheme Where a qualifying employee derives any gains or profits in any year of assessment, after the expiry ...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr13K-</link><title>Income Tax Act 1947 - 13K Exemption of tax on income derived by non‑ordinarily resident individual</title><description>Exemption of tax on income derived by non‑ordinarily resident individual Where an NOR individual is resident in Singapore in any year of assessment within the period he or she is a...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr13O-</link><title>Income Tax Act 1947 - 13O Exemption of income of company incorporated and resident in Singapore arising from funds managed by fund manager in Singapore</title><description>Exemption of income of company incorporated and resident in Singapore arising from funds managed by fund manager in Singapore Subject to such conditions as may be prescribed by reg...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr14-</link><title>Income Tax Act 1947 - 14 Deductions allowed</title><description>Deductions allowed For the purpose of ascertaining the income of any person for any period from any source chargeable with tax under this Act (called in this Part the income), ther...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr14A-</link><title>Income Tax Act 1947 - 14A Deduction for costs for protecting intellectual property</title><description>Deduction for costs for protecting intellectual property Subject to this section, where a person carrying on a trade or business has incurred — patenting costs during the period fr...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr14C-</link><title>Income Tax Act 1947 - 14C Expenditure on research and development</title><description>Expenditure on research and development For the purpose of ascertaining the income of any person carrying on any trade or business and subject to subsection (4), the following expe...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr14D-</link><title>Income Tax Act 1947 - 14D Enhanced deduction for qualifying expenditure on research and development</title><description>Enhanced deduction for qualifying expenditure on research and development Subject to this section, for the purpose of ascertaining the income of a person carrying on any trade or b...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr14E-</link><title>Income Tax Act 1947 - 14E Further deduction for expenditure on research and development project</title><description>Further deduction for expenditure on research and development project Subject to this section, where the Comptroller is satisfied that — a person carrying on any trade or business ...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr14EA-</link><title>Income Tax Act 1947 - 14EA Deduction for expenditure incurred on qualifying innovation projects</title><description>Deduction for expenditure incurred on qualifying innovation projects Subject to this section, for the purpose of ascertaining the income of a person carrying on a trade or business...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr14J-</link><title>Income Tax Act 1947 - 14J Deduction for upfront land premium</title><description>Deduction for upfront land premium Where the Comptroller is satisfied that an upfront land premium has been paid by a lessee to a relevant body in respect of a designated lease for...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr14L-</link><title>Income Tax Act 1947 - 14L Deduction for treasury shares transferred under employee equity‑based remuneration scheme</title><description>Deduction for treasury shares transferred under employee equity‑based remuneration scheme Where a company transfers, in the basis period for the year of assessment 2007 or any subs...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr14M-</link><title>Income Tax Act 1947 - 14M Deduction for shares transferred by special purpose vehicle under employee equity‑based remuneration scheme</title><description>Deduction for shares transferred by special purpose vehicle under employee equity‑based remuneration scheme Where — a special purpose vehicle has acquired treasury shares or previo...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr14O-</link><title>Income Tax Act 1947 - 14O Deduction for qualifying training expenditure for years of assessment 2011 to 2018</title><description>Deduction for qualifying training expenditure for years of assessment 2011 to 2018 Subject to this section, for the purpose of ascertaining the income of a person carrying on a tra...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr14Q-</link><title>Income Tax Act 1947 - 14Q Deduction for expenditure on leasing of PIC automation equipment under qualifying lease</title><description>Deduction for expenditure on leasing of PIC automation equipment under qualifying lease Subject to this section, for the purpose of ascertaining the income of a person carrying on ...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr14T-</link><title>Income Tax Act 1947 - 14T Deduction for expenditure on licensing intellectual property rights</title><description>Deduction for expenditure on licensing intellectual property rights Subject to this section and section 37J, for the purpose of ascertaining the income of a person carrying on a tr...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr14U-</link><title>Income Tax Act 1947 - 14U Enhanced deduction for expenditure on licensing intellectual property rights</title><description>Enhanced deduction for expenditure on licensing intellectual property rights Subject to this section, for the purpose of ascertaining the income of a person carrying on a trade or ...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr14W-</link><title>Income Tax Act 1947 - 14W Deduction for expenditure incurred by individual in deriving passive rental income in Singapore</title><description>Deduction for expenditure incurred by individual in deriving passive rental income in Singapore This section applies for the purpose of ascertaining an individual’s income for the ...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr14Z-</link><title>Income Tax Act 1947 - 14Z Deduction for expenditure for services or secondment to institutions of a public character</title><description>Deduction for expenditure for services or secondment to institutions of a public character Subject to this section, where the Comptroller is satisfied that a qualifying person has ...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr14ZG-</link><title>Income Tax Act 1947 - 14ZG Deduction for qualifying training expenditure for years of assessment 2024 to 2028</title><description>Deduction for qualifying training expenditure for years of assessment 2024 to 2028 Subject to this section, for the purpose of ascertaining the income of a person carrying on a tra...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr19-</link><title>Income Tax Act 1947 - 19 Initial and annual allowances for machinery or plant</title><description>Initial and annual allowances for machinery or plant Where a person carrying on a trade, profession or business incurs capital expenditure on the provision of machinery or plant fo...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr19A-</link><title>Income Tax Act 1947 - 19A Allowances of 3 years or 2 years write‑off for machinery and plant, and 100% write‑off for computer, prescribed automation equipment and robot, etc.</title><description>Allowances of 3 years or 2 years write‑off for machinery and plant, and 100% write‑off for computer, prescribed automation equipment and robot, etc. Despite section 19, where a per...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr19B-</link><title>Income Tax Act 1947 - 19B Writing‑down allowances for intellectual property rights</title><description>Writing‑down allowances for intellectual property rights Subject to this section, where a company carrying on a trade or business has incurred on or after capital expenditure in ac...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr19D-</link><title>Income Tax Act 1947 - 19D Writing‑down allowance for IRU</title><description>Writing‑down allowance for IRU Subject to this section, where a person carrying on a trade, business or profession has incurred capital expenditure during or after the basis period...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr19E-</link><title>Income Tax Act 1947 - 19E Use of open‑market price for making allowances under sections 19, 19A and 19D</title><description>Use of open‑market price for making allowances under sections 19, 19A and 19D This section applies for the purpose of making an allowance under section 19, 19A or 19D for capital e...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr20-</link><title>Income Tax Act 1947 - 20 Balancing allowances and charges for machinery or plant</title><description>Balancing allowances and charges for machinery or plant Except as provided in this section, where at any time after the setting up and on or before the permanent discontinuance of ...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr23-</link><title>Income Tax Act 1947 - 23 Carry forward of allowances</title><description>Carry forward of allowances Where, in any year of assessment, full effect cannot, by reason of an insufficiency of gains or profits chargeable for that year of assessment, be given...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr34G-</link><title>Income Tax Act 1947 - 34G Modification of provisions for companies redomiciled in Singapore</title><description>Modification of provisions for companies redomiciled in Singapore This section applies to a body corporate incorporated outside Singapore that is registered as a company limited by...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr34H-</link><title>Income Tax Act 1947 - 34H Tax credits for approved redomiciled companies</title><description>Tax credits for approved redomiciled companies This section applies where — an approved redomiciled company has income (called in this section income A) that is chargeable to tax i...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr34I-</link><title>Income Tax Act 1947 - 34I Adjustments arising from adoption of FRS 115 or SFRS(I) 15</title><description>Adjustments arising from adoption of FRS 115 or SFRS(I) 15 This section applies where — a person prepares or maintains the person’s financial accounts for any basis period for a ye...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr34J-</link><title>Income Tax Act 1947 - 34J Tax treatment arising from adoption of FRS 116 or SFRS(I) 16</title><description>Tax treatment arising from adoption of FRS 116 or SFRS(I) 16 Where an MSI recipient (called in this section an electing recipient) makes an election in accordance with subsection (...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr36A-</link><title>Income Tax Act 1947 - 36A Limited liability partnership</title><description>Limited liability partnership For the purposes of this Act, where a limited liability partnership carries on a trade, business, profession or vocation — all the activities of the p...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr36C-</link><title>Income Tax Act 1947 - 36C Limited partnership</title><description>Limited partnership For the purposes of this Act, except as otherwise provided — references to a partnership include references to a limited partnership; and references to partners...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr37-</link><title>Income Tax Act 1947 - 37 Assessable income</title><description>Assessable income The assessable income of any person from all sources chargeable with tax under this Act for any year of assessment is the remainder of the person’s statutory inco...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr37A-</link><title>Income Tax Act 1947 - 37A Adjustment of capital allowances, losses or donations between income subject to tax at different rates</title><description>Adjustment of capital allowances, losses or donations between income subject to tax at different rates This section applies where — a company has income subject to tax at different...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr37B-</link><title>Income Tax Act 1947 - 37B Group relief for Singapore companies</title><description>Group relief for Singapore companies Subject to the provisions of this section, a transferor company may transfer any qualifying deduction for any year of assessment to a claimant ...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr37D-</link><title>Income Tax Act 1947 - 37D Carry‑back of capital allowances and losses</title><description>Carry‑back of capital allowances and losses Subject to the provisions of this section, a person may deduct any qualifying deduction for any year of assessment against the person’s ...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr37E-</link><title>Income Tax Act 1947 - 37E Carry‑back of capital allowances and losses between spouses</title><description>Carry‑back of capital allowances and losses between spouses Subject to the provisions of this section, an individual may transfer any qualifying deduction for any year of assessmen...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr37F-</link><title>Income Tax Act 1947 - 37F Deduction for incremental expenditure on research and development</title><description>Deduction for incremental expenditure on research and development Subject to this section, where any company incurs during the basis period for any year of assessment between the y...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr37G-</link><title>Income Tax Act 1947 - 37G Cash payout under Productivity and Innovation Credit Scheme</title><description>Cash payout under Productivity and Innovation Credit Scheme Subject to this section, where any qualifying person has incurred expenditure — during the basis period relating to the ...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr37H-</link><title>Income Tax Act 1947 - 37H Productivity and Innovation Credit bonus</title><description>Productivity and Innovation Credit bonus For each of the years of assessment 2013, 2014 and 2015, a person, being a company or firm (including a partnership) (called in this sectio...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr37N-</link><title>Income Tax Act 1947 - 37N Deduction for qualifying investments in qualifying start‑up companies</title><description>Deduction for qualifying investments in qualifying start‑up companies Where an individual proposes to make one or more qualifying investments that complies with subsection (4) in a...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr37O-</link><title>Income Tax Act 1947 - 37O Deduction for acquisition of shares of companies</title><description>Deduction for acquisition of shares of companies Subject to this section, where — a Singapore company (called in this section the acquiring company); any one or more subsidiaries o...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr37R-</link><title>Income Tax Act 1947 - 37R Cash payout under Enterprise Innovation Scheme</title><description>Cash payout under Enterprise Innovation Scheme Subject to this section, where any eligible person has incurred expenditure during the basis period for any year of assessment betwee...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr43U-</link><title>Income Tax Act 1947 - 43U Concessionary rate of tax for shipping‑related support services</title><description>Concessionary rate of tax for shipping‑related support services Despite section 43, tax at the rate of 10% is to be levied and paid for each year of assessment upon the amount of i...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr43W-</link><title>Income Tax Act 1947 - 43W Concessionary rate of tax for international growth company</title><description>Concessionary rate of tax for international growth company Despite section 43, the Minister may by regulations provide that tax at the rate of 10% is to be levied and paid upon the...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr45E-</link><title>Income Tax Act 1947 - 45E Application of section 45 to withdrawals by non‑citizen SRS members, etc.</title><description>Application of section 45 to withdrawals by non‑citizen SRS members, etc. Subject to subsections (2) and (2A), section 45 applies in relation to — any withdrawal made — under secti...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr45EA-</link><title>Income Tax Act 1947 - 45EA Approval of deduction of investment from SRS account of non‑citizen</title><description>Approval of deduction of investment from SRS account of non‑citizen This section applies to an investment made using funds from an SRS account of an SRS member who is not a citizen...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr49-</link><title>Income Tax Act 1947 - 49 Avoidance of double taxation arrangements</title><description>Avoidance of double taxation arrangements If the Minister by order declares that arrangements specified in the order have been made with the government of any country outside Singa...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr81-</link><title>Income Tax Act 1947 - 81 Appeals to General Division of High Court</title><description>Appeals to General Division of High Court Except as provided in this section, the decision of the Board is final. 40/2019 In any case in which the amount of tax payable, tax to be ...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr107-</link><title>Income Tax Act 1947 - 107 Variable capital companies or VCCs</title><description>Variable capital companies or VCCs For the purposes of this Act, and subject to the modifications in this section and the rules under subsection (30), a reference to a company in t...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=Sc3-</link><title>Income Tax Act 1947 - Third Schedule </title><description>PROVISION THAT APPLIES IN PLACE OF SECTION 13W WHERE INCOME IS THAT OF AN UMBRELLA VCC FROM DISPOSAL OF ORDINARY SHARES IN A COMPANY OR VCC Sections 106(1) and 107(17) and (18) Sec...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=xv-</link><title>Income Tax Act 1947 - Legislative History</title><description>This Legislative History is provided for the convenience of users of the Income Tax Act. It is not part of the Act. Ordinance 39 of 1947 Income Tax Ordinance 1947 Date of First Rea...</description><pubDate>Tue, 16 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr10-</link><title>Income Tax Act 1947 - 10 Charge of income tax</title><description>Charge of income tax Income tax is, subject to the provisions of this Act, payable at the rate or rates specified hereinafter for each year of assessment upon the income of any pe...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr10G-</link><title>Income Tax Act 1947 - 10G Withdrawals from Supplementary Retirement Scheme</title><description>Withdrawals from Supplementary Retirement Scheme Where the amount of withdrawals made by an SRS member from his or her SRS account in any year exceeds the amount the SRS member co...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr10L-</link><title>Income Tax Act 1947 - 10L Gains from the sale of foreign assets</title><description>Gains from the sale of foreign assets Despite anything in this Act, gains from the sale or disposal by an entity (called in this section the seller entity) of a relevant group of ...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr13D-</link><title>Income Tax Act 1947 - 13D Exemption of income of prescribed persons arising from funds managed by fund manager in Singapore</title><description>Exemption of income of prescribed persons arising from funds managed by fund manager in Singapore There is exempt from tax such income as the Minister may by regulations prescribe...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr13E-</link><title>Income Tax Act 1947 - 13E Exemption of international shipping profits</title><description>Exemption of international shipping profits Subject to subsections (1A) and (2), there is exempt from tax the income of an approved international shipping enterprise derived — on ...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr13G-</link><title>Income Tax Act 1947 - 13G Exemption of income of venture company</title><description>Exemption of income of venture company The Minister may make regulations to provide that such income as the Minister may specify of an approved venture company derived by it from ...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr13I-</link><title>Income Tax Act 1947 - 13I Exemption of tax on gains or profits from equity remuneration incentive scheme</title><description>Exemption of tax on gains or profits from equity remuneration incentive scheme Where a qualifying employee derives any gains or profits in any year of assessment, after the expiry...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr13K-</link><title>Income Tax Act 1947 - 13K Exemption of tax on income derived by non‑ordinarily resident individual</title><description>Exemption of tax on income derived by non‑ordinarily resident individual Where an NOR individual is resident in Singapore in any year of assessment within the period he or she is ...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr13O-</link><title>Income Tax Act 1947 - 13O Exemption of income of company incorporated and resident in Singapore arising from funds managed by fund manager in Singapore</title><description>Exemption of income of company incorporated and resident in Singapore arising from funds managed by fund manager in Singapore Subject to such conditions as may be prescribed by re...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr13P-</link><title>Income Tax Act 1947 - 13P Exemption of income of shipping investment enterprise</title><description>Exemption of income of shipping investment enterprise Subject to subsections (1G) and (4), there is exempt from tax the income derived by an approved shipping investment enterpris...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr13R-</link><title>Income Tax Act 1947 - 13R Exemption of income of not‑for‑profit organisation</title><description>Exemption of income of not‑for‑profit organisation There is exempt from tax any income of an approved not‑for‑profit organisation. The Minister or an authorised body may, during t...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr14-</link><title>Income Tax Act 1947 - 14 Deductions allowed</title><description>Deductions allowed For the purpose of ascertaining the income of any person for any period from any source chargeable with tax under this Act (called in this Part the income), the...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr14A-</link><title>Income Tax Act 1947 - 14A Deduction for costs for protecting intellectual property</title><description>Deduction for costs for protecting intellectual property Subject to this section, where a person carrying on a trade or business has incurred — patenting costs during the period f...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr14B-</link><title>Income Tax Act 1947 - 14B Further deduction for expenses relating to approved trade fairs, exhibitions or trade missions, maintenance of overseas trade office, or electronic commerce</title><description>Further deduction for expenses relating to approved trade fairs, exhibitions or trade missions, maintenance of overseas trade office, or electronic commerce Subject to this sectio...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr14C-</link><title>Income Tax Act 1947 - 14C Expenditure on research and development</title><description>Expenditure on research and development For the purpose of ascertaining the income of any person carrying on any trade or business and subject to subsection (4), the following exp...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr14D-</link><title>Income Tax Act 1947 - 14D Enhanced deduction for qualifying expenditure on research and development</title><description>Enhanced deduction for qualifying expenditure on research and development Subject to this section, for the purpose of ascertaining the income of a person carrying on any trade or ...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr14E-</link><title>Income Tax Act 1947 - 14E Further deduction for expenditure on research and development project</title><description>Further deduction for expenditure on research and development project Subject to this section, where the Comptroller is satisfied that — a person carrying on any trade or business...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr14EA-</link><title>Income Tax Act 1947 - 14EA Deduction for expenditure incurred on qualifying innovation projects</title><description>Deduction for expenditure incurred on qualifying innovation projects Subject to this section, for the purpose of ascertaining the income of a person carrying on a trade or busines...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr14H-</link><title>Income Tax Act 1947 - 14H Further or double deduction for overseas investment development expenditure</title><description>Further or double deduction for overseas investment development expenditure Where the Comptroller is satisfied that any investment development expenditure for the carrying out of ...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr14I-</link><title>Income Tax Act 1947 - 14I Further or double deduction for salary expenditure for employees posted overseas</title><description>Further or double deduction for salary expenditure for employees posted overseas Where the Comptroller is satisfied that — an approved firm or company resident and carrying on bus...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr14J-</link><title>Income Tax Act 1947 - 14J Deduction for upfront land premium</title><description>Deduction for upfront land premium Where the Comptroller is satisfied that an upfront land premium has been paid by a lessee to a relevant body in respect of a designated lease fo...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr14L-</link><title>Income Tax Act 1947 - 14L Deduction for treasury shares transferred under employee equity‑based remuneration scheme</title><description>Deduction for treasury shares transferred under employee equity‑based remuneration scheme Where a company transfers, in the basis period for the year of assessment 2007 or any sub...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr14M-</link><title>Income Tax Act 1947 - 14M Deduction for shares transferred by special purpose vehicle under employee equity‑based remuneration scheme</title><description>Deduction for shares transferred by special purpose vehicle under employee equity‑based remuneration scheme Where — a special purpose vehicle has acquired treasury shares or previ...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr14O-</link><title>Income Tax Act 1947 - 14O Deduction for qualifying training expenditure for years of assessment 2011 to 2018</title><description>Deduction for qualifying training expenditure for years of assessment 2011 to 2018 Subject to this section, for the purpose of ascertaining the income of a person carrying on a tr...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr14Q-</link><title>Income Tax Act 1947 - 14Q Deduction for expenditure on leasing of PIC automation equipment under qualifying lease</title><description>Deduction for expenditure on leasing of PIC automation equipment under qualifying lease Subject to this section, for the purpose of ascertaining the income of a person carrying on...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr14T-</link><title>Income Tax Act 1947 - 14T Deduction for expenditure on licensing intellectual property rights</title><description>Deduction for expenditure on licensing intellectual property rights Subject to this section and section 37J, for the purpose of ascertaining the income of a person carrying on a t...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr14U-</link><title>Income Tax Act 1947 - 14U Enhanced deduction for expenditure on licensing intellectual property rights</title><description>Enhanced deduction for expenditure on licensing intellectual property rights Subject to this section, for the purpose of ascertaining the income of a person carrying on a trade or...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr14W-</link><title>Income Tax Act 1947 - 14W Deduction for expenditure incurred by individual in deriving passive rental income in Singapore</title><description>Deduction for expenditure incurred by individual in deriving passive rental income in Singapore This section applies for the purpose of ascertaining an individual’s income for the...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr14Z-</link><title>Income Tax Act 1947 - 14Z Deduction for expenditure for services or secondment to institutions of a public character</title><description>Deduction for expenditure for services or secondment to institutions of a public character Subject to this section, where the Comptroller is satisfied that a qualifying person has...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr14ZG-</link><title>Income Tax Act 1947 - 14ZG Deduction for qualifying training expenditure for years of assessment 2024 to 2028</title><description>Deduction for qualifying training expenditure for years of assessment 2024 to 2028 Subject to this section, for the purpose of ascertaining the income of a person carrying on a tr...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr18C-</link><title>Income Tax Act 1947 - 18C Initial and annual allowances for certain buildings and structures</title><description>Initial and annual allowances for certain buildings and structures Where any person proposes to incur or has incurred on or after qualifying capital expenditure on the constructio...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr19-</link><title>Income Tax Act 1947 - 19 Initial and annual allowances for machinery or plant</title><description>Initial and annual allowances for machinery or plant Where a person carrying on a trade, profession or business incurs capital expenditure on the provision of machinery or plant f...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr19A-</link><title>Income Tax Act 1947 - 19A Allowances of 3 years or 2 years write‑off for machinery and plant, and 100% write‑off for computer, prescribed automation equipment and robot, etc.</title><description>Allowances of 3 years or 2 years write‑off for machinery and plant, and 100% write‑off for computer, prescribed automation equipment and robot, etc. Despite section 19, where a pe...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr19B-</link><title>Income Tax Act 1947 - 19B Writing‑down allowances for intellectual property rights</title><description>Writing‑down allowances for intellectual property rights Subject to this section, where a company carrying on a trade or business has incurred on or after capital expenditure in a...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr19D-</link><title>Income Tax Act 1947 - 19D Writing‑down allowance for IRU</title><description>Writing‑down allowance for IRU Subject to this section, where a person carrying on a trade, business or profession has incurred capital expenditure during or after the basis perio...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr19E-</link><title>Income Tax Act 1947 - 19E Use of open‑market price for making allowances under sections 19, 19A and 19D</title><description>Use of open‑market price for making allowances under sections 19, 19A and 19D This section applies for the purpose of making an allowance under section 19, 19A or 19D for capital ...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr20-</link><title>Income Tax Act 1947 - 20 Balancing allowances and charges for machinery or plant</title><description>Balancing allowances and charges for machinery or plant Except as provided in this section, where at any time after the setting up and on or before the permanent discontinuance of...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr23-</link><title>Income Tax Act 1947 - 23 Carry forward of allowances</title><description>Carry forward of allowances Where, in any year of assessment, full effect cannot, by reason of an insufficiency of gains or profits chargeable for that year of assessment, be give...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr34G-</link><title>Income Tax Act 1947 - 34G Modification of provisions for companies redomiciled in Singapore</title><description>Modification of provisions for companies redomiciled in Singapore This section applies to a body corporate incorporated outside Singapore that is registered as a company limited b...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr34H-</link><title>Income Tax Act 1947 - 34H Tax credits for approved redomiciled companies</title><description>Tax credits for approved redomiciled companies This section applies where — an approved redomiciled company has income (called in this section income A) that is chargeable to tax ...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr34I-</link><title>Income Tax Act 1947 - 34I Adjustments arising from adoption of FRS 115 or SFRS(I) 15</title><description>Adjustments arising from adoption of FRS 115 or SFRS(I) 15 This section applies where — a person prepares or maintains the person’s financial accounts for any basis period for a y...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr34J-</link><title>Income Tax Act 1947 - 34J Tax treatment arising from adoption of FRS 116 or SFRS(I) 16</title><description>Tax treatment arising from adoption of FRS 116 or SFRS(I) 16 Where an MSI recipient (called in this section an electing recipient) makes an election in accordance with subsection ...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr36A-</link><title>Income Tax Act 1947 - 36A Limited liability partnership</title><description>Limited liability partnership For the purposes of this Act, where a limited liability partnership carries on a trade, business, profession or vocation — all the activities of the ...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr36C-</link><title>Income Tax Act 1947 - 36C Limited partnership</title><description>Limited partnership For the purposes of this Act, except as otherwise provided — references to a partnership include references to a limited partnership; and references to partner...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr37-</link><title>Income Tax Act 1947 - 37 Assessable income</title><description>Assessable income The assessable income of any person from all sources chargeable with tax under this Act for any year of assessment is the remainder of the person’s statutory inc...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr37A-</link><title>Income Tax Act 1947 - 37A Adjustment of capital allowances, losses or donations between income subject to tax at different rates</title><description>Adjustment of capital allowances, losses or donations between income subject to tax at different rates This section applies where — a company has income subject to tax at differen...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr37B-</link><title>Income Tax Act 1947 - 37B Group relief for Singapore companies</title><description>Group relief for Singapore companies Subject to the provisions of this section, a transferor company may transfer any qualifying deduction for any year of assessment to a claimant...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr37D-</link><title>Income Tax Act 1947 - 37D Carry‑back of capital allowances and losses</title><description>Carry‑back of capital allowances and losses Subject to the provisions of this section, a person may deduct any qualifying deduction for any year of assessment against the person’s...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr37E-</link><title>Income Tax Act 1947 - 37E Carry‑back of capital allowances and losses between spouses</title><description>Carry‑back of capital allowances and losses between spouses Subject to the provisions of this section, an individual may transfer any qualifying deduction for any year of assessme...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr37F-</link><title>Income Tax Act 1947 - 37F Deduction for incremental expenditure on research and development</title><description>Deduction for incremental expenditure on research and development Subject to this section, where any company incurs during the basis period for any year of assessment between the ...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr37G-</link><title>Income Tax Act 1947 - 37G Cash payout under Productivity and Innovation Credit Scheme</title><description>Cash payout under Productivity and Innovation Credit Scheme Subject to this section, where any qualifying person has incurred expenditure — during the basis period relating to the...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr37H-</link><title>Income Tax Act 1947 - 37H Productivity and Innovation Credit bonus</title><description>Productivity and Innovation Credit bonus For each of the years of assessment 2013, 2014 and 2015, a person, being a company or firm (including a partnership) (called in this secti...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr37N-</link><title>Income Tax Act 1947 - 37N Deduction for qualifying investments in qualifying start‑up companies</title><description>Deduction for qualifying investments in qualifying start‑up companies Where an individual proposes to make one or more qualifying investments that complies with subsection (4) in ...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr37O-</link><title>Income Tax Act 1947 - 37O Deduction for acquisition of shares of companies</title><description>Deduction for acquisition of shares of companies Subject to this section, where — a Singapore company (called in this section the acquiring company); any one or more subsidiaries ...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr37R-</link><title>Income Tax Act 1947 - 37R Cash payout under Enterprise Innovation Scheme</title><description>Cash payout under Enterprise Innovation Scheme Subject to this section, where any eligible person has incurred expenditure during the basis period for any year of assessment betwe...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr43E-</link><title>Income Tax Act 1947 - 43E Concessionary rate of tax for Finance and Treasury Centre</title><description>Concessionary rate of tax for Finance and Treasury Centre Despite section 43, the Minister may by regulations provide that tax at the concessionary rate specified in subsection (1...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr43I-</link><title>Income Tax Act 1947 - 43I Concessionary rate of tax for global trading company and qualifying company</title><description>Concessionary rate of tax for global trading company and qualifying company Despite section 43, the Minister may by regulations provide that tax at the rate of 5% or 10% is to be ...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr43L-</link><title>Income Tax Act 1947 - 43L Concessionary rate of tax for shipping investment manager</title><description>Concessionary rate of tax for shipping investment manager Despite section 43, the Minister may by regulations provide that tax at the rate of 10% is to be levied and paid for each...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr43N-</link><title>Income Tax Act 1947 - 43N Concessionary rate of tax for leasing of aircraft and aircraft engines</title><description>Concessionary rate of tax for leasing of aircraft and aircraft engines Despite section 43, tax at the following rate is to be levied, and paid, for each year of assessment upon th...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr43O-</link><title>Income Tax Act 1947 - 43O Concessionary rate of tax for aircraft investment manager</title><description>Concessionary rate of tax for aircraft investment manager Despite section 43, the Minister may by regulations provide that tax at the rate of 10% is to be levied and paid for each...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr43P-</link><title>Income Tax Act 1947 - 43P Concessionary rate of tax for container investment enterprise</title><description>Concessionary rate of tax for container investment enterprise Despite section 43 but subject to subsection (5), tax at the rate of 5% or 10% as the Minister or an authorised body ...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr43Q-</link><title>Income Tax Act 1947 - 43Q Concessionary rate of tax for container investment manager</title><description>Concessionary rate of tax for container investment manager Despite section 43, the Minister may by regulations provide that tax at the rate of 10% is to be levied and paid for eac...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr43U-</link><title>Income Tax Act 1947 - 43U Concessionary rate of tax for shipping‑related support services</title><description>Concessionary rate of tax for shipping‑related support services Despite section 43, tax at the rate of 10% is to be levied and paid for each year of assessment upon the amount of ...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr43V-</link><title>Income Tax Act 1947 - 43V Concessionary rate of tax for income derived from managing approved venture company</title><description>Concessionary rate of tax for income derived from managing approved venture company Despite section 43, tax at the rate of 5% is to be levied and paid for each year of assessment ...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr43W-</link><title>Income Tax Act 1947 - 43W Concessionary rate of tax for international growth company</title><description>Concessionary rate of tax for international growth company Despite section 43, the Minister may by regulations provide that tax at the rate of 10% is to be levied and paid upon th...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr43X-</link><title>Income Tax Act 1947 - 43X Concessionary rate of tax for intellectual property income</title><description>Concessionary rate of tax for intellectual property income Despite section 43 and subject to this section, the concessionary rate of tax under subsection (5) applies for each year...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr45E-</link><title>Income Tax Act 1947 - 45E Application of section 45 to withdrawals by non‑citizen SRS members, etc.</title><description>Application of section 45 to withdrawals by non‑citizen SRS members, etc. Subject to subsections (2) and (2A), section 45 applies in relation to — any withdrawal made — under sect...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr45EA-</link><title>Income Tax Act 1947 - 45EA Approval of deduction of investment from SRS account of non‑citizen</title><description>Approval of deduction of investment from SRS account of non‑citizen This section applies to an investment made using funds from an SRS account of an SRS member who is not a citize...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr49-</link><title>Income Tax Act 1947 - 49 Avoidance of double taxation arrangements</title><description>Avoidance of double taxation arrangements If the Minister by order declares that arrangements specified in the order have been made with the government of any country outside Sing...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr81-</link><title>Income Tax Act 1947 - 81 Appeals to General Division of High Court</title><description>Appeals to General Division of High Court Except as provided in this section, the decision of the Board is final. 40/2019 In any case in which the amount of tax payable, tax to be...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr107-</link><title>Income Tax Act 1947 - 107 Variable capital companies or VCCs</title><description>Variable capital companies or VCCs For the purposes of this Act, and subject to the modifications in this section and the rules under subsection (30), a reference to a company in ...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=Sc3-</link><title>Income Tax Act 1947 - Third Schedule </title><description>PROVISION THAT APPLIES IN PLACE OF SECTION 13W WHERE INCOME IS THAT OF AN UMBRELLA VCC FROM DISPOSAL OF ORDINARY SHARES IN A COMPANY OR VCC Sections 106(1) and 107(17) and (18) Se...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=xv-</link><title>Income Tax Act 1947 - Legislative History</title><description>This Legislative History is provided for the convenience of users of the Income Tax Act. It is not part of the Act. Ordinance 39 of 1947 Income Tax Ordinance 1947 Date of First Re...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr10-</link><title>Income Tax Act 1947 - 10 Charge of income tax</title><description>Charge of income tax Income tax is, subject to the provisions of this Act, payable at the rate or rates specified hereinafter for each year of assessment upon the income of any pe...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr10G-</link><title>Income Tax Act 1947 - 10G Withdrawals from Supplementary Retirement Scheme</title><description>Withdrawals from Supplementary Retirement Scheme Where the amount of withdrawals made by an SRS member from his or her SRS account in any year exceeds the amount the SRS member co...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr10L-</link><title>Income Tax Act 1947 - 10L Gains from the sale of foreign assets</title><description>Gains from the sale of foreign assets Despite anything in this Act, gains from the sale or disposal by an entity (called in this section the seller entity) of a relevant group of ...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr13D-</link><title>Income Tax Act 1947 - 13D Exemption of income of prescribed persons arising from funds managed by fund manager in Singapore</title><description>Exemption of income of prescribed persons arising from funds managed by fund manager in Singapore There is exempt from tax such income as the Minister may by regulations prescribe...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr13G-</link><title>Income Tax Act 1947 - 13G Exemption of income of venture company</title><description>Exemption of income of venture company The Minister may make regulations to provide that such income as the Minister may specify of an approved venture company derived by it from ...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr13I-</link><title>Income Tax Act 1947 - 13I Exemption of tax on gains or profits from equity remuneration incentive scheme</title><description>Exemption of tax on gains or profits from equity remuneration incentive scheme Where a qualifying employee derives any gains or profits in any year of assessment, after the expiry...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr13K-</link><title>Income Tax Act 1947 - 13K Exemption of tax on income derived by non‑ordinarily resident individual</title><description>Exemption of tax on income derived by non‑ordinarily resident individual Where an NOR individual is resident in Singapore in any year of assessment within the period he or she is ...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr13O-</link><title>Income Tax Act 1947 - 13O Exemption of income of company incorporated and resident in Singapore arising from funds managed by fund manager in Singapore</title><description>Exemption of income of company incorporated and resident in Singapore arising from funds managed by fund manager in Singapore Subject to such conditions as may be prescribed by re...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr13P-</link><title>Income Tax Act 1947 - 13P Exemption of income of shipping investment enterprise</title><description>Exemption of income of shipping investment enterprise Subject to subsections (1G) and (4), there is exempt from tax the income derived by an approved shipping investment enterpris...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr14-</link><title>Income Tax Act 1947 - 14 Deductions allowed</title><description>Deductions allowed For the purpose of ascertaining the income of any person for any period from any source chargeable with tax under this Act (called in this Part the income), the...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr14A-</link><title>Income Tax Act 1947 - 14A Deduction for costs for protecting intellectual property</title><description>Deduction for costs for protecting intellectual property Subject to this section, where a person carrying on a trade or business has incurred — patenting costs during the period f...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr14B-</link><title>Income Tax Act 1947 - 14B Further deduction for expenses relating to approved trade fairs, exhibitions or trade missions, maintenance of overseas trade office, or electronic commerce</title><description>Further deduction for expenses relating to approved trade fairs, exhibitions or trade missions, maintenance of overseas trade office, or electronic commerce Subject to this sectio...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr14C-</link><title>Income Tax Act 1947 - 14C Expenditure on research and development</title><description>Expenditure on research and development For the purpose of ascertaining the income of any person carrying on any trade or business and subject to subsection (4), the following exp...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr14D-</link><title>Income Tax Act 1947 - 14D Enhanced deduction for qualifying expenditure on research and development</title><description>Enhanced deduction for qualifying expenditure on research and development Subject to this section, for the purpose of ascertaining the income of a person carrying on any trade or ...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr14E-</link><title>Income Tax Act 1947 - 14E Further deduction for expenditure on research and development project</title><description>Further deduction for expenditure on research and development project Subject to this section, where the Comptroller is satisfied that — a person carrying on any trade or business...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr14EA-</link><title>Income Tax Act 1947 - 14EA Deduction for expenditure incurred on qualifying innovation projects</title><description>Deduction for expenditure incurred on qualifying innovation projects Subject to this section, for the purpose of ascertaining the income of a person carrying on a trade or busines...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr14J-</link><title>Income Tax Act 1947 - 14J Deduction for upfront land premium</title><description>Deduction for upfront land premium Where the Comptroller is satisfied that an upfront land premium has been paid by a lessee to a relevant body in respect of a designated lease fo...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr14L-</link><title>Income Tax Act 1947 - 14L Deduction for treasury shares transferred under employee equity‑based remuneration scheme</title><description>Deduction for treasury shares transferred under employee equity‑based remuneration scheme Where a company transfers, in the basis period for the year of assessment 2007 or any sub...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr14M-</link><title>Income Tax Act 1947 - 14M Deduction for shares transferred by special purpose vehicle under employee equity‑based remuneration scheme</title><description>Deduction for shares transferred by special purpose vehicle under employee equity‑based remuneration scheme Where — a special purpose vehicle has acquired treasury shares or previ...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr14O-</link><title>Income Tax Act 1947 - 14O Deduction for qualifying training expenditure for years of assessment 2011 to 2018</title><description>Deduction for qualifying training expenditure for years of assessment 2011 to 2018 Subject to this section, for the purpose of ascertaining the income of a person carrying on a tr...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr14Q-</link><title>Income Tax Act 1947 - 14Q Deduction for expenditure on leasing of PIC automation equipment under qualifying lease</title><description>Deduction for expenditure on leasing of PIC automation equipment under qualifying lease Subject to this section, for the purpose of ascertaining the income of a person carrying on...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr14T-</link><title>Income Tax Act 1947 - 14T Deduction for expenditure on licensing intellectual property rights</title><description>Deduction for expenditure on licensing intellectual property rights Subject to this section and section 37J, for the purpose of ascertaining the income of a person carrying on a t...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr14U-</link><title>Income Tax Act 1947 - 14U Enhanced deduction for expenditure on licensing intellectual property rights</title><description>Enhanced deduction for expenditure on licensing intellectual property rights Subject to this section, for the purpose of ascertaining the income of a person carrying on a trade or...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr14W-</link><title>Income Tax Act 1947 - 14W Deduction for expenditure incurred by individual in deriving passive rental income in Singapore</title><description>Deduction for expenditure incurred by individual in deriving passive rental income in Singapore This section applies for the purpose of ascertaining an individual’s income for the...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr14Z-</link><title>Income Tax Act 1947 - 14Z Deduction for expenditure for services or secondment to institutions of a public character</title><description>Deduction for expenditure for services or secondment to institutions of a public character Subject to this section, where the Comptroller is satisfied that a qualifying person has...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr14ZG-</link><title>Income Tax Act 1947 - 14ZG Deduction for qualifying training expenditure for years of assessment 2024 to 2028</title><description>Deduction for qualifying training expenditure for years of assessment 2024 to 2028 Subject to this section, for the purpose of ascertaining the income of a person carrying on a tr...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr19-</link><title>Income Tax Act 1947 - 19 Initial and annual allowances for machinery or plant</title><description>Initial and annual allowances for machinery or plant Where a person carrying on a trade, profession or business incurs capital expenditure on the provision of machinery or plant f...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr19A-</link><title>Income Tax Act 1947 - 19A Allowances of 3 years or 2 years write‑off for machinery and plant, and 100% write‑off for computer, prescribed automation equipment and robot, etc.</title><description>Allowances of 3 years or 2 years write‑off for machinery and plant, and 100% write‑off for computer, prescribed automation equipment and robot, etc. Despite section 19, where a pe...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr19B-</link><title>Income Tax Act 1947 - 19B Writing‑down allowances for intellectual property rights</title><description>Writing‑down allowances for intellectual property rights Subject to this section, where a company carrying on a trade or business has incurred on or after capital expenditure in a...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr19D-</link><title>Income Tax Act 1947 - 19D Writing‑down allowance for IRU</title><description>Writing‑down allowance for IRU Subject to this section, where a person carrying on a trade, business or profession has incurred capital expenditure during or after the basis perio...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr19E-</link><title>Income Tax Act 1947 - 19E Use of open‑market price for making allowances under sections 19, 19A and 19D</title><description>Use of open‑market price for making allowances under sections 19, 19A and 19D This section applies for the purpose of making an allowance under section 19, 19A or 19D for capital ...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr20-</link><title>Income Tax Act 1947 - 20 Balancing allowances and charges for machinery or plant</title><description>Balancing allowances and charges for machinery or plant Except as provided in this section, where at any time after the setting up and on or before the permanent discontinuance of...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr23-</link><title>Income Tax Act 1947 - 23 Carry forward of allowances</title><description>Carry forward of allowances Where, in any year of assessment, full effect cannot, by reason of an insufficiency of gains or profits chargeable for that year of assessment, be give...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr34G-</link><title>Income Tax Act 1947 - 34G Modification of provisions for companies redomiciled in Singapore</title><description>Modification of provisions for companies redomiciled in Singapore This section applies to a body corporate incorporated outside Singapore that is registered as a company limited b...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr34H-</link><title>Income Tax Act 1947 - 34H Tax credits for approved redomiciled companies</title><description>Tax credits for approved redomiciled companies This section applies where — an approved redomiciled company has income (called in this section income A) that is chargeable to tax ...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr34I-</link><title>Income Tax Act 1947 - 34I Adjustments arising from adoption of FRS 115 or SFRS(I) 15</title><description>Adjustments arising from adoption of FRS 115 or SFRS(I) 15 This section applies where — a person prepares or maintains the person’s financial accounts for any basis period for a y...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr34J-</link><title>Income Tax Act 1947 - 34J Tax treatment arising from adoption of FRS 116 or SFRS(I) 16</title><description>Tax treatment arising from adoption of FRS 116 or SFRS(I) 16 Where an MSI recipient (called in this section an electing recipient) makes an election in accordance with subsection ...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr36A-</link><title>Income Tax Act 1947 - 36A Limited liability partnership</title><description>Limited liability partnership For the purposes of this Act, where a limited liability partnership carries on a trade, business, profession or vocation — all the activities of the ...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr36C-</link><title>Income Tax Act 1947 - 36C Limited partnership</title><description>Limited partnership For the purposes of this Act, except as otherwise provided — references to a partnership include references to a limited partnership; and references to partner...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr37-</link><title>Income Tax Act 1947 - 37 Assessable income</title><description>Assessable income The assessable income of any person from all sources chargeable with tax under this Act for any year of assessment is the remainder of the person’s statutory inc...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr37A-</link><title>Income Tax Act 1947 - 37A Adjustment of capital allowances, losses or donations between income subject to tax at different rates</title><description>Adjustment of capital allowances, losses or donations between income subject to tax at different rates This section applies where — a company has income subject to tax at differen...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr37B-</link><title>Income Tax Act 1947 - 37B Group relief for Singapore companies</title><description>Group relief for Singapore companies Subject to the provisions of this section, a transferor company may transfer any qualifying deduction for any year of assessment to a claimant...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr37D-</link><title>Income Tax Act 1947 - 37D Carry‑back of capital allowances and losses</title><description>Carry‑back of capital allowances and losses Subject to the provisions of this section, a person may deduct any qualifying deduction for any year of assessment against the person’s...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr37E-</link><title>Income Tax Act 1947 - 37E Carry‑back of capital allowances and losses between spouses</title><description>Carry‑back of capital allowances and losses between spouses Subject to the provisions of this section, an individual may transfer any qualifying deduction for any year of assessme...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr37F-</link><title>Income Tax Act 1947 - 37F Deduction for incremental expenditure on research and development</title><description>Deduction for incremental expenditure on research and development Subject to this section, where any company incurs during the basis period for any year of assessment between the ...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr37G-</link><title>Income Tax Act 1947 - 37G Cash payout under Productivity and Innovation Credit Scheme</title><description>Cash payout under Productivity and Innovation Credit Scheme Subject to this section, where any qualifying person has incurred expenditure — during the basis period relating to the...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr37H-</link><title>Income Tax Act 1947 - 37H Productivity and Innovation Credit bonus</title><description>Productivity and Innovation Credit bonus For each of the years of assessment 2013, 2014 and 2015, a person, being a company or firm (including a partnership) (called in this secti...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr37N-</link><title>Income Tax Act 1947 - 37N Deduction for qualifying investments in qualifying start‑up companies</title><description>Deduction for qualifying investments in qualifying start‑up companies Where an individual proposes to make one or more qualifying investments that complies with subsection (4) in ...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr37O-</link><title>Income Tax Act 1947 - 37O Deduction for acquisition of shares of companies</title><description>Deduction for acquisition of shares of companies Subject to this section, where — a Singapore company (called in this section the acquiring company); any one or more subsidiaries ...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr37R-</link><title>Income Tax Act 1947 - 37R Cash payout under Enterprise Innovation Scheme</title><description>Cash payout under Enterprise Innovation Scheme Subject to this section, where any eligible person has incurred expenditure during the basis period for any year of assessment betwe...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr43I-</link><title>Income Tax Act 1947 - 43I Concessionary rate of tax for global trading company and qualifying company</title><description>Concessionary rate of tax for global trading company and qualifying company Despite section 43, the Minister may by regulations provide that tax at the rate of 5% or 10% is to be ...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr43U-</link><title>Income Tax Act 1947 - 43U Concessionary rate of tax for shipping‑related support services</title><description>Concessionary rate of tax for shipping‑related support services Despite section 43, tax at the rate of 10% is to be levied and paid for each year of assessment upon the amount of ...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr43W-</link><title>Income Tax Act 1947 - 43W Concessionary rate of tax for international growth company</title><description>Concessionary rate of tax for international growth company Despite section 43, the Minister may by regulations provide that tax at the rate of 10% is to be levied and paid upon th...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr45E-</link><title>Income Tax Act 1947 - 45E Application of section 45 to withdrawals by non‑citizen SRS members, etc.</title><description>Application of section 45 to withdrawals by non‑citizen SRS members, etc. Subject to subsections (2) and (2A), section 45 applies in relation to — any withdrawal made — under sect...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr45EA-</link><title>Income Tax Act 1947 - 45EA Approval of deduction of investment from SRS account of non‑citizen</title><description>Approval of deduction of investment from SRS account of non‑citizen This section applies to an investment made using funds from an SRS account of an SRS member who is not a citize...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr49-</link><title>Income Tax Act 1947 - 49 Avoidance of double taxation arrangements</title><description>Avoidance of double taxation arrangements If the Minister by order declares that arrangements specified in the order have been made with the government of any country outside Sing...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr81-</link><title>Income Tax Act 1947 - 81 Appeals to General Division of High Court</title><description>Appeals to General Division of High Court Except as provided in this section, the decision of the Board is final. 40/2019 In any case in which the amount of tax payable, tax to be...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr107-</link><title>Income Tax Act 1947 - 107 Variable capital companies or VCCs</title><description>Variable capital companies or VCCs For the purposes of this Act, and subject to the modifications in this section and the rules under subsection (30), a reference to a company in ...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=Sc3-</link><title>Income Tax Act 1947 - Third Schedule </title><description>PROVISION THAT APPLIES IN PLACE OF SECTION 13W WHERE INCOME IS THAT OF AN UMBRELLA VCC FROM DISPOSAL OF ORDINARY SHARES IN A COMPANY OR VCC Sections 106(1) and 107(17) and (18) Se...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=xv-</link><title>Income Tax Act 1947 - Legislative History</title><description>This Legislative History is provided for the convenience of users of the Income Tax Act. It is not part of the Act. Ordinance 39 of 1947 Income Tax Ordinance 1947 Date of First Re...</description><pubDate>Fri, 12 Apr 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=P13-</link><title>Income Tax Act 1947 - Part 3 IMPOSITION OF INCOME TAX</title><description>IMPOSITION OF INCOME TAX</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr10-</link><title>Income Tax Act 1947 - 10 Charge of income tax</title><description>Charge of income tax Income tax is, subject to the provisions of this Act, payable at the rate or rates specified hereinafter for each year of assessment upon the income of any pe...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr10G-</link><title>Income Tax Act 1947 - 10G Withdrawals from Supplementary Retirement Scheme</title><description>Withdrawals from Supplementary Retirement Scheme Where the amount of withdrawals made by an SRS member from his or her SRS account in any year exceeds the amount the SRS member co...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr10L-</link><title>Income Tax Act 1947 - 10L Gains from the sale of foreign assets</title><description>Gains from the sale of foreign assets Despite anything in this Act, gains from the sale or disposal by an entity (called in this section the seller entity) of a relevant group of ...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr13-</link><title>Income Tax Act 1947 - 13 Exempt income</title><description>Exempt income There is exempt from tax — subject to subsection (2) and such conditions as may be prescribed by regulations, the interest derived from — any qualifying debt securit...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr13D-</link><title>Income Tax Act 1947 - 13D Exemption of income of prescribed persons arising from funds managed by fund manager in Singapore</title><description>Exemption of income of prescribed persons arising from funds managed by fund manager in Singapore There is exempt from tax such income as the Minister may by regulations prescribe...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr13I-</link><title>Income Tax Act 1947 - 13I Exemption of tax on gains or profits from equity remuneration incentive scheme</title><description>Exemption of tax on gains or profits from equity remuneration incentive scheme Where a qualifying employee derives any gains or profits in any year of assessment, after the expiry...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr13K-</link><title>Income Tax Act 1947 - 13K Exemption of tax on income derived by non‑ordinarily resident individual</title><description>Exemption of tax on income derived by non‑ordinarily resident individual Where an NOR individual is resident in Singapore in any year of assessment within the period he or she is ...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr13O-</link><title>Income Tax Act 1947 - 13O Exemption of income of company incorporated and resident in Singapore arising from funds managed by fund manager in Singapore</title><description>Exemption of income of company incorporated and resident in Singapore arising from funds managed by fund manager in Singapore Subject to such conditions as may be prescribed by re...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr14-</link><title>Income Tax Act 1947 - 14 Deductions allowed</title><description>Deductions allowed For the purpose of ascertaining the income of any person for any period from any source chargeable with tax under this Act (called in this Part the income), the...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr14A-</link><title>Income Tax Act 1947 - 14A Deduction for costs for protecting intellectual property</title><description>Deduction for costs for protecting intellectual property Subject to this section, where a person carrying on a trade or business has incurred — patenting costs during the period f...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr14C-</link><title>Income Tax Act 1947 - 14C Expenditure on research and development</title><description>Expenditure on research and development For the purpose of ascertaining the income of any person carrying on any trade or business and subject to subsection (4), the following exp...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr14D-</link><title>Income Tax Act 1947 - 14D Enhanced deduction for qualifying expenditure on research and development</title><description>Enhanced deduction for qualifying expenditure on research and development Subject to this section, for the purpose of ascertaining the income of a person carrying on any trade or ...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr14E-</link><title>Income Tax Act 1947 - 14E Further deduction for expenditure on research and development project</title><description>Further deduction for expenditure on research and development project Subject to this section, where the Comptroller is satisfied that — a person carrying on any trade or business...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr14EA-</link><title>Income Tax Act 1947 - 14EA Deduction for expenditure incurred on qualifying innovation projects</title><description>Deduction for expenditure incurred on qualifying innovation projects Subject to this section, for the purpose of ascertaining the income of a person carrying on a trade or busines...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr14J-</link><title>Income Tax Act 1947 - 14J Deduction for upfront land premium</title><description>Deduction for upfront land premium Where the Comptroller is satisfied that an upfront land premium has been paid by a lessee to a relevant body in respect of a designated lease fo...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr14L-</link><title>Income Tax Act 1947 - 14L Deduction for treasury shares transferred under employee equity‑based remuneration scheme</title><description>Deduction for treasury shares transferred under employee equity‑based remuneration scheme Where a company transfers, in the basis period for the year of assessment 2007 or any sub...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr14M-</link><title>Income Tax Act 1947 - 14M Deduction for shares transferred by special purpose vehicle under employee equity‑based remuneration scheme</title><description>Deduction for shares transferred by special purpose vehicle under employee equity‑based remuneration scheme Where — a special purpose vehicle has acquired treasury shares or previ...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr14O-</link><title>Income Tax Act 1947 - 14O Deduction for qualifying training expenditure for years of assessment 2011 to 2018</title><description>Deduction for qualifying training expenditure for years of assessment 2011 to 2018 Subject to this section, for the purpose of ascertaining the income of a person carrying on a tr...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr14Q-</link><title>Income Tax Act 1947 - 14Q Deduction for expenditure on leasing of PIC automation equipment under qualifying lease</title><description>Deduction for expenditure on leasing of PIC automation equipment under qualifying lease Subject to this section, for the purpose of ascertaining the income of a person carrying on...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr14T-</link><title>Income Tax Act 1947 - 14T Deduction for expenditure on licensing intellectual property rights</title><description>Deduction for expenditure on licensing intellectual property rights Subject to this section and section 37J, for the purpose of ascertaining the income of a person carrying on a t...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr14U-</link><title>Income Tax Act 1947 - 14U Enhanced deduction for expenditure on licensing intellectual property rights</title><description>Enhanced deduction for expenditure on licensing intellectual property rights Subject to this section, for the purpose of ascertaining the income of a person carrying on a trade or...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr14W-</link><title>Income Tax Act 1947 - 14W Deduction for expenditure incurred by individual in deriving passive rental income in Singapore</title><description>Deduction for expenditure incurred by individual in deriving passive rental income in Singapore This section applies for the purpose of ascertaining an individual’s income for the...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr14Z-</link><title>Income Tax Act 1947 - 14Z Deduction for expenditure for services or secondment to institutions of a public character</title><description>Deduction for expenditure for services or secondment to institutions of a public character Subject to this section, where the Comptroller is satisfied that a qualifying person has...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr14ZG-</link><title>Income Tax Act 1947 - 14ZG Deduction for qualifying training expenditure for years of assessment 2024 to 2028</title><description>Deduction for qualifying training expenditure for years of assessment 2024 to 2028 Subject to this section, for the purpose of ascertaining the income of a person carrying on a tr...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr19-</link><title>Income Tax Act 1947 - 19 Initial and annual allowances for machinery or plant</title><description>Initial and annual allowances for machinery or plant Where a person carrying on a trade, profession or business incurs capital expenditure on the provision of machinery or plant f...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr19A-</link><title>Income Tax Act 1947 - 19A Allowances of 3 years or 2 years write‑off for machinery and plant, and 100% write‑off for computer, prescribed automation equipment and robot, etc.</title><description>Allowances of 3 years or 2 years write‑off for machinery and plant, and 100% write‑off for computer, prescribed automation equipment and robot, etc. Despite section 19, where a pe...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr19B-</link><title>Income Tax Act 1947 - 19B Writing‑down allowances for intellectual property rights</title><description>Writing‑down allowances for intellectual property rights Subject to this section, where a company carrying on a trade or business has incurred on or after capital expenditure in a...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr19D-</link><title>Income Tax Act 1947 - 19D Writing‑down allowance for IRU</title><description>Writing‑down allowance for IRU Subject to this section, where a person carrying on a trade, business or profession has incurred capital expenditure during or after the basis perio...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr19E-</link><title>Income Tax Act 1947 - 19E Use of open‑market price for making allowances under sections 19, 19A and 19D</title><description>Use of open‑market price for making allowances under sections 19, 19A and 19D This section applies for the purpose of making an allowance under section 19, 19A or 19D for capital ...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr20-</link><title>Income Tax Act 1947 - 20 Balancing allowances and charges for machinery or plant</title><description>Balancing allowances and charges for machinery or plant Except as provided in this section, where at any time after the setting up and on or before the permanent discontinuance of...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr23-</link><title>Income Tax Act 1947 - 23 Carry forward of allowances</title><description>Carry forward of allowances Where, in any year of assessment, full effect cannot, by reason of an insufficiency of gains or profits chargeable for that year of assessment, be give...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr34G-</link><title>Income Tax Act 1947 - 34G Modification of provisions for companies redomiciled in Singapore</title><description>Modification of provisions for companies redomiciled in Singapore This section applies to a body corporate incorporated outside Singapore that is registered as a company limited b...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr34H-</link><title>Income Tax Act 1947 - 34H Tax credits for approved redomiciled companies</title><description>Tax credits for approved redomiciled companies This section applies where — an approved redomiciled company has income (called in this section income A) that is chargeable to tax ...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr34I-</link><title>Income Tax Act 1947 - 34I Adjustments arising from adoption of FRS 115 or SFRS(I) 15</title><description>Adjustments arising from adoption of FRS 115 or SFRS(I) 15 This section applies where — a person prepares or maintains the person’s financial accounts for any basis period for a y...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr34J-</link><title>Income Tax Act 1947 - 34J Tax treatment arising from adoption of FRS 116 or SFRS(I) 16</title><description>Tax treatment arising from adoption of FRS 116 or SFRS(I) 16 Where an MSI recipient (called in this section an electing recipient) makes an election in accordance with subsection ...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr36A-</link><title>Income Tax Act 1947 - 36A Limited liability partnership</title><description>Limited liability partnership For the purposes of this Act, where a limited liability partnership carries on a trade, business, profession or vocation — all the activities of the ...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr36C-</link><title>Income Tax Act 1947 - 36C Limited partnership</title><description>Limited partnership For the purposes of this Act, except as otherwise provided — references to a partnership include references to a limited partnership; and references to partner...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=P19-</link><title>Income Tax Act 1947 - Part 9 ASCERTAINMENT OF ASSESSABLE INCOME</title><description>ASCERTAINMENT OF ASSESSABLE INCOME</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr37-</link><title>Income Tax Act 1947 - 37 Assessable income</title><description>Assessable income The assessable income of any person from all sources chargeable with tax under this Act for any year of assessment is the remainder of the person’s statutory inc...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr37A-</link><title>Income Tax Act 1947 - 37A Adjustment of capital allowances, losses or donations between income subject to tax at different rates</title><description>Adjustment of capital allowances, losses or donations between income subject to tax at different rates This section applies where — a company has income subject to tax at differen...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr37AA-</link><title>Income Tax Act 1947 - 37AA Deduction for donation of money by person related to or connected with company approved under section 13O or person, master fund, etc., approved under section 13U</title><description>Deduction for donation of money by person related to or connected with company approved under section 13O or person, master fund, etc., approved under section 13U For the purpose ...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr37B-</link><title>Income Tax Act 1947 - 37B Group relief for Singapore companies</title><description>Group relief for Singapore companies Subject to the provisions of this section, a transferor company may transfer any qualifying deduction for any year of assessment to a claimant...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr37D-</link><title>Income Tax Act 1947 - 37D Carry‑back of capital allowances and losses</title><description>Carry‑back of capital allowances and losses Subject to the provisions of this section, a person may deduct any qualifying deduction for any year of assessment against the person’s...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr37E-</link><title>Income Tax Act 1947 - 37E Carry‑back of capital allowances and losses between spouses</title><description>Carry‑back of capital allowances and losses between spouses Subject to the provisions of this section, an individual may transfer any qualifying deduction for any year of assessme...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr37F-</link><title>Income Tax Act 1947 - 37F Deduction for incremental expenditure on research and development</title><description>Deduction for incremental expenditure on research and development Subject to this section, where any company incurs during the basis period for any year of assessment between the ...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr37G-</link><title>Income Tax Act 1947 - 37G Cash payout under Productivity and Innovation Credit Scheme</title><description>Cash payout under Productivity and Innovation Credit Scheme Subject to this section, where any qualifying person has incurred expenditure — during the basis period relating to the...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr37H-</link><title>Income Tax Act 1947 - 37H Productivity and Innovation Credit bonus</title><description>Productivity and Innovation Credit bonus For each of the years of assessment 2013, 2014 and 2015, a person, being a company or firm (including a partnership) (called in this secti...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr37N-</link><title>Income Tax Act 1947 - 37N Deduction for qualifying investments in qualifying start‑up companies</title><description>Deduction for qualifying investments in qualifying start‑up companies Where an individual proposes to make one or more qualifying investments that complies with subsection (4) in ...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr37O-</link><title>Income Tax Act 1947 - 37O Deduction for acquisition of shares of companies</title><description>Deduction for acquisition of shares of companies Subject to this section, where — a Singapore company (called in this section the acquiring company); any one or more subsidiaries ...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr37R-</link><title>Income Tax Act 1947 - 37R Cash payout under Enterprise Innovation Scheme</title><description>Cash payout under Enterprise Innovation Scheme Subject to this section, where any eligible person has incurred expenditure during the basis period for any year of assessment betwe...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr43U-</link><title>Income Tax Act 1947 - 43U Concessionary rate of tax for shipping‑related support services</title><description>Concessionary rate of tax for shipping‑related support services Despite section 43, tax at the rate of 10% is to be levied and paid for each year of assessment upon the amount of ...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr43W-</link><title>Income Tax Act 1947 - 43W Concessionary rate of tax for international growth company</title><description>Concessionary rate of tax for international growth company Despite section 43, the Minister may by regulations provide that tax at the rate of 10% is to be levied and paid upon th...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr45E-</link><title>Income Tax Act 1947 - 45E Application of section 45 to withdrawals by non‑citizen SRS members, etc.</title><description>Application of section 45 to withdrawals by non‑citizen SRS members, etc. Subject to subsections (2) and (2A), section 45 applies in relation to — any withdrawal made — under sect...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr45EA-</link><title>Income Tax Act 1947 - 45EA Approval of deduction of investment from SRS account of non‑citizen</title><description>Approval of deduction of investment from SRS account of non‑citizen This section applies to an investment made using funds from an SRS account of an SRS member who is not a citize...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr49-</link><title>Income Tax Act 1947 - 49 Avoidance of double taxation arrangements</title><description>Avoidance of double taxation arrangements If the Minister by order declares that arrangements specified in the order have been made with the government of any country outside Sing...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr50A-</link><title>Income Tax Act 1947 - 50A Unilateral tax credits</title><description>Unilateral tax credits Even if there are no arrangements in force under section 49 with the government of any territory outside Singapore, tax credit under section 50 must, subjec...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr81-</link><title>Income Tax Act 1947 - 81 Appeals to General Division of High Court</title><description>Appeals to General Division of High Court Except as provided in this section, the decision of the Board is final. 40/2019 In any case in which the amount of tax payable, tax to be...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=P120-</link><title>Income Tax Act 1947 - Part 20 OFFENCES AND PENALTIES</title><description>OFFENCES AND PENALTIES</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr102A-</link><title>Income Tax Act 1947 - 102A Notice to attend court</title><description>Notice to attend court Where the Comptroller has reasonable grounds to believe that a person has committed an offence under this Act (or any subsidiary legislation made under this...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr107-</link><title>Income Tax Act 1947 - 107 Variable capital companies or VCCs</title><description>Variable capital companies or VCCs For the purposes of this Act, and subject to the modifications in this section and the rules under subsection (30), a reference to a company in ...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=Sc3-</link><title>Income Tax Act 1947 - Third Schedule </title><description>PROVISION THAT APPLIES IN PLACE OF SECTION 13W WHERE INCOME IS THAT OF AN UMBRELLA VCC FROM DISPOSAL OF ORDINARY SHARES IN A COMPANY OR VCC Sections 106(1) and 107(17) and (18) Se...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=xv-</link><title>Income Tax Act 1947 - Legislative History</title><description>This Legislative History is provided for the convenience of users of the Income Tax Act. It is not part of the Act. Ordinance 39 of 1947 Income Tax Ordinance 1947 Date of First Re...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr10-</link><title>Income Tax Act 1947 - 10 Charge of income tax</title><description>Charge of income tax Income tax is, subject to the provisions of this Act, payable at the rate or rates specified hereinafter for each year of assessment upon the income of any pe...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr10G-</link><title>Income Tax Act 1947 - 10G Withdrawals from Supplementary Retirement Scheme</title><description>Withdrawals from Supplementary Retirement Scheme Where the amount of withdrawals made by an SRS member from his or her SRS account in any year exceeds the amount the SRS member co...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr10L-</link><title>Income Tax Act 1947 - 10L Gains from the sale of foreign assets</title><description>Gains from the sale of foreign assets Despite anything in this Act, gains from the sale or disposal by an entity (called in this section the seller entity) of a relevant group of ...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr13D-</link><title>Income Tax Act 1947 - 13D Exemption of income of prescribed persons arising from funds managed by fund manager in Singapore</title><description>Exemption of income of prescribed persons arising from funds managed by fund manager in Singapore There is exempt from tax such income as the Minister may by regulations prescribe...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr13I-</link><title>Income Tax Act 1947 - 13I Exemption of tax on gains or profits from equity remuneration incentive scheme</title><description>Exemption of tax on gains or profits from equity remuneration incentive scheme Where a qualifying employee derives any gains or profits in any year of assessment, after the expiry...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr13K-</link><title>Income Tax Act 1947 - 13K Exemption of tax on income derived by non‑ordinarily resident individual</title><description>Exemption of tax on income derived by non‑ordinarily resident individual Where an NOR individual is resident in Singapore in any year of assessment within the period he or she is ...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr13O-</link><title>Income Tax Act 1947 - 13O Exemption of income of company incorporated and resident in Singapore arising from funds managed by fund manager in Singapore</title><description>Exemption of income of company incorporated and resident in Singapore arising from funds managed by fund manager in Singapore Subject to such conditions as may be prescribed by re...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr14-</link><title>Income Tax Act 1947 - 14 Deductions allowed</title><description>Deductions allowed For the purpose of ascertaining the income of any person for any period from any source chargeable with tax under this Act (called in this Part the income), the...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr14A-</link><title>Income Tax Act 1947 - 14A Deduction for costs for protecting intellectual property</title><description>Deduction for costs for protecting intellectual property Subject to this section, where a person carrying on a trade or business has incurred — patenting costs during the period f...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr14C-</link><title>Income Tax Act 1947 - 14C Expenditure on research and development</title><description>Expenditure on research and development For the purpose of ascertaining the income of any person carrying on any trade or business and subject to subsection (4), the following exp...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr14D-</link><title>Income Tax Act 1947 - 14D Enhanced deduction for qualifying expenditure on research and development</title><description>Enhanced deduction for qualifying expenditure on research and development Subject to this section, for the purpose of ascertaining the income of a person carrying on any trade or ...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr14E-</link><title>Income Tax Act 1947 - 14E Further deduction for expenditure on research and development project</title><description>Further deduction for expenditure on research and development project Subject to this section, where the Comptroller is satisfied that — a person carrying on any trade or business...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr14EA-</link><title>Income Tax Act 1947 - 14EA Deduction for expenditure incurred on qualifying innovation projects</title><description>Deduction for expenditure incurred on qualifying innovation projects Subject to this section, for the purpose of ascertaining the income of a person carrying on a trade or busines...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr14J-</link><title>Income Tax Act 1947 - 14J Deduction for upfront land premium</title><description>Deduction for upfront land premium Where the Comptroller is satisfied that an upfront land premium has been paid by a lessee to a relevant body in respect of a designated lease fo...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr14L-</link><title>Income Tax Act 1947 - 14L Deduction for treasury shares transferred under employee equity‑based remuneration scheme</title><description>Deduction for treasury shares transferred under employee equity‑based remuneration scheme Where a company transfers, in the basis period for the year of assessment 2007 or any sub...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr14M-</link><title>Income Tax Act 1947 - 14M Deduction for shares transferred by special purpose vehicle under employee equity‑based remuneration scheme</title><description>Deduction for shares transferred by special purpose vehicle under employee equity‑based remuneration scheme Where — a special purpose vehicle has acquired treasury shares or previ...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr14O-</link><title>Income Tax Act 1947 - 14O Deduction for qualifying training expenditure for years of assessment 2011 to 2018</title><description>Deduction for qualifying training expenditure for years of assessment 2011 to 2018 Subject to this section, for the purpose of ascertaining the income of a person carrying on a tr...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr14Q-</link><title>Income Tax Act 1947 - 14Q Deduction for expenditure on leasing of PIC automation equipment under qualifying lease</title><description>Deduction for expenditure on leasing of PIC automation equipment under qualifying lease Subject to this section, for the purpose of ascertaining the income of a person carrying on...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr14T-</link><title>Income Tax Act 1947 - 14T Deduction for expenditure on licensing intellectual property rights</title><description>Deduction for expenditure on licensing intellectual property rights Subject to this section and section 37J, for the purpose of ascertaining the income of a person carrying on a t...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr14U-</link><title>Income Tax Act 1947 - 14U Enhanced deduction for expenditure on licensing intellectual property rights</title><description>Enhanced deduction for expenditure on licensing intellectual property rights Subject to this section, for the purpose of ascertaining the income of a person carrying on a trade or...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr14W-</link><title>Income Tax Act 1947 - 14W Deduction for expenditure incurred by individual in deriving passive rental income in Singapore</title><description>Deduction for expenditure incurred by individual in deriving passive rental income in Singapore This section applies for the purpose of ascertaining an individual’s income for the...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr14Z-</link><title>Income Tax Act 1947 - 14Z Deduction for expenditure for services or secondment to institutions of a public character</title><description>Deduction for expenditure for services or secondment to institutions of a public character Subject to this section, where the Comptroller is satisfied that a qualifying person has...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr14ZG-</link><title>Income Tax Act 1947 - 14ZG Deduction for qualifying training expenditure for years of assessment 2024 to 2028</title><description>Deduction for qualifying training expenditure for years of assessment 2024 to 2028 Subject to this section, for the purpose of ascertaining the income of a person carrying on a tr...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr19-</link><title>Income Tax Act 1947 - 19 Initial and annual allowances for machinery or plant</title><description>Initial and annual allowances for machinery or plant Where a person carrying on a trade, profession or business incurs capital expenditure on the provision of machinery or plant f...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr19A-</link><title>Income Tax Act 1947 - 19A Allowances of 3 years or 2 years write‑off for machinery and plant, and 100% write‑off for computer, prescribed automation equipment and robot, etc.</title><description>Allowances of 3 years or 2 years write‑off for machinery and plant, and 100% write‑off for computer, prescribed automation equipment and robot, etc. Despite section 19, where a pe...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr19B-</link><title>Income Tax Act 1947 - 19B Writing‑down allowances for intellectual property rights</title><description>Writing‑down allowances for intellectual property rights Subject to this section, where a company carrying on a trade or business has incurred on or after capital expenditure in a...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr19D-</link><title>Income Tax Act 1947 - 19D Writing‑down allowance for IRU</title><description>Writing‑down allowance for IRU Subject to this section, where a person carrying on a trade, business or profession has incurred capital expenditure during or after the basis perio...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr19E-</link><title>Income Tax Act 1947 - 19E Use of open‑market price for making allowances under sections 19, 19A and 19D</title><description>Use of open‑market price for making allowances under sections 19, 19A and 19D This section applies for the purpose of making an allowance under section 19, 19A or 19D for capital ...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr20-</link><title>Income Tax Act 1947 - 20 Balancing allowances and charges for machinery or plant</title><description>Balancing allowances and charges for machinery or plant Except as provided in this section, where at any time after the setting up and on or before the permanent discontinuance of...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr23-</link><title>Income Tax Act 1947 - 23 Carry forward of allowances</title><description>Carry forward of allowances Where, in any year of assessment, full effect cannot, by reason of an insufficiency of gains or profits chargeable for that year of assessment, be give...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr34G-</link><title>Income Tax Act 1947 - 34G Modification of provisions for companies redomiciled in Singapore</title><description>Modification of provisions for companies redomiciled in Singapore This section applies to a body corporate incorporated outside Singapore that is registered as a company limited b...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr34H-</link><title>Income Tax Act 1947 - 34H Tax credits for approved redomiciled companies</title><description>Tax credits for approved redomiciled companies This section applies where — an approved redomiciled company has income (called in this section income A) that is chargeable to tax ...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr34I-</link><title>Income Tax Act 1947 - 34I Adjustments arising from adoption of FRS 115 or SFRS(I) 15</title><description>Adjustments arising from adoption of FRS 115 or SFRS(I) 15 This section applies where — a person prepares or maintains the person’s financial accounts for any basis period for a y...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr34J-</link><title>Income Tax Act 1947 - 34J Tax treatment arising from adoption of FRS 116 or SFRS(I) 16</title><description>Tax treatment arising from adoption of FRS 116 or SFRS(I) 16 Where an MSI recipient (called in this section an electing recipient) makes an election in accordance with subsection ...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr36A-</link><title>Income Tax Act 1947 - 36A Limited liability partnership</title><description>Limited liability partnership For the purposes of this Act, where a limited liability partnership carries on a trade, business, profession or vocation — all the activities of the ...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr36C-</link><title>Income Tax Act 1947 - 36C Limited partnership</title><description>Limited partnership For the purposes of this Act, except as otherwise provided — references to a partnership include references to a limited partnership; and references to partner...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr37-</link><title>Income Tax Act 1947 - 37 Assessable income</title><description>Assessable income The assessable income of any person from all sources chargeable with tax under this Act for any year of assessment is the remainder of the person’s statutory inc...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr37A-</link><title>Income Tax Act 1947 - 37A Adjustment of capital allowances, losses or donations between income subject to tax at different rates</title><description>Adjustment of capital allowances, losses or donations between income subject to tax at different rates This section applies where — a company has income subject to tax at differen...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr37B-</link><title>Income Tax Act 1947 - 37B Group relief for Singapore companies</title><description>Group relief for Singapore companies Subject to the provisions of this section, a transferor company may transfer any qualifying deduction for any year of assessment to a claimant...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr37D-</link><title>Income Tax Act 1947 - 37D Carry‑back of capital allowances and losses</title><description>Carry‑back of capital allowances and losses Subject to the provisions of this section, a person may deduct any qualifying deduction for any year of assessment against the person’s...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr37E-</link><title>Income Tax Act 1947 - 37E Carry‑back of capital allowances and losses between spouses</title><description>Carry‑back of capital allowances and losses between spouses Subject to the provisions of this section, an individual may transfer any qualifying deduction for any year of assessme...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr37F-</link><title>Income Tax Act 1947 - 37F Deduction for incremental expenditure on research and development</title><description>Deduction for incremental expenditure on research and development Subject to this section, where any company incurs during the basis period for any year of assessment between the ...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr37G-</link><title>Income Tax Act 1947 - 37G Cash payout under Productivity and Innovation Credit Scheme</title><description>Cash payout under Productivity and Innovation Credit Scheme Subject to this section, where any qualifying person has incurred expenditure — during the basis period relating to the...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr37H-</link><title>Income Tax Act 1947 - 37H Productivity and Innovation Credit bonus</title><description>Productivity and Innovation Credit bonus For each of the years of assessment 2013, 2014 and 2015, a person, being a company or firm (including a partnership) (called in this secti...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr37N-</link><title>Income Tax Act 1947 - 37N Deduction for qualifying investments in qualifying start‑up companies</title><description>Deduction for qualifying investments in qualifying start‑up companies Where an individual proposes to make one or more qualifying investments that complies with subsection (4) in ...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr37O-</link><title>Income Tax Act 1947 - 37O Deduction for acquisition of shares of companies</title><description>Deduction for acquisition of shares of companies Subject to this section, where — a Singapore company (called in this section the acquiring company); any one or more subsidiaries ...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr37R-</link><title>Income Tax Act 1947 - 37R Cash payout under Enterprise Innovation Scheme</title><description>Cash payout under Enterprise Innovation Scheme Subject to this section, where any eligible person has incurred expenditure during the basis period for any year of assessment betwe...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr43U-</link><title>Income Tax Act 1947 - 43U Concessionary rate of tax for shipping‑related support services</title><description>Concessionary rate of tax for shipping‑related support services Despite section 43, tax at the rate of 10% is to be levied and paid for each year of assessment upon the amount of ...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr43W-</link><title>Income Tax Act 1947 - 43W Concessionary rate of tax for international growth company</title><description>Concessionary rate of tax for international growth company Despite section 43, the Minister may by regulations provide that tax at the rate of 10% is to be levied and paid upon th...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr45E-</link><title>Income Tax Act 1947 - 45E Application of section 45 to withdrawals by non‑citizen SRS members, etc.</title><description>Application of section 45 to withdrawals by non‑citizen SRS members, etc. Subject to subsections (2) and (2A), section 45 applies in relation to — any withdrawal made — under sect...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr45EA-</link><title>Income Tax Act 1947 - 45EA Approval of deduction of investment from SRS account of non‑citizen</title><description>Approval of deduction of investment from SRS account of non‑citizen This section applies to an investment made using funds from an SRS account of an SRS member who is not a citize...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr49-</link><title>Income Tax Act 1947 - 49 Avoidance of double taxation arrangements</title><description>Avoidance of double taxation arrangements If the Minister by order declares that arrangements specified in the order have been made with the government of any country outside Sing...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr81-</link><title>Income Tax Act 1947 - 81 Appeals to General Division of High Court</title><description>Appeals to General Division of High Court Except as provided in this section, the decision of the Board is final. 40/2019 In any case in which the amount of tax payable, tax to be...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr107-</link><title>Income Tax Act 1947 - 107 Variable capital companies or VCCs</title><description>Variable capital companies or VCCs For the purposes of this Act, and subject to the modifications in this section and the rules under subsection (30), a reference to a company in ...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=Sc3-</link><title>Income Tax Act 1947 - Third Schedule </title><description>PROVISION THAT APPLIES IN PLACE OF SECTION 13W WHERE INCOME IS THAT OF AN UMBRELLA VCC FROM DISPOSAL OF ORDINARY SHARES IN A COMPANY OR VCC Sections 106(1) and 107(17) and (18) Se...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=xv-</link><title>Income Tax Act 1947 - Legislative History</title><description>This Legislative History is provided for the convenience of users of the Income Tax Act. It is not part of the Act. Ordinance 39 of 1947 Income Tax Ordinance 1947 Date of First Re...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr13-</link><title>Income Tax Act 1947 - 13 Exempt income</title><description>Exempt income There is exempt from tax — subject to subsection (2) and such conditions as may be prescribed by regulations, the interest derived from — any qualifying debt securit...</description><pubDate>Mon, 01 Jan 2024 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr10-</link><title>Income Tax Act 1947 - 10 Charge of income tax</title><description>Charge of income tax Income tax is, subject to the provisions of this Act, payable at the rate or rates specified hereinafter for each year of assessment upon the income of any pe...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr10G-</link><title>Income Tax Act 1947 - 10G Withdrawals from Supplementary Retirement Scheme</title><description>Withdrawals from Supplementary Retirement Scheme Where the amount of withdrawals made by an SRS member from his or her SRS account in any year exceeds the amount the SRS member co...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr13D-</link><title>Income Tax Act 1947 - 13D Exemption of income of prescribed persons arising from funds managed by fund manager in Singapore</title><description>Exemption of income of prescribed persons arising from funds managed by fund manager in Singapore There is exempt from tax such income as the Minister may by regulations prescribe...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr13I-</link><title>Income Tax Act 1947 - 13I Exemption of tax on gains or profits from equity remuneration incentive scheme</title><description>Exemption of tax on gains or profits from equity remuneration incentive scheme Where a qualifying employee derives any gains or profits in any year of assessment, after the expiry...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr13K-</link><title>Income Tax Act 1947 - 13K Exemption of tax on income derived by non‑ordinarily resident individual</title><description>Exemption of tax on income derived by non‑ordinarily resident individual Where an NOR individual is resident in Singapore in any year of assessment within the period he or she is ...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr13O-</link><title>Income Tax Act 1947 - 13O Exemption of income of company incorporated and resident in Singapore arising from funds managed by fund manager in Singapore</title><description>Exemption of income of company incorporated and resident in Singapore arising from funds managed by fund manager in Singapore Subject to such conditions as may be prescribed by re...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr14-</link><title>Income Tax Act 1947 - 14 Deductions allowed</title><description>Deductions allowed For the purpose of ascertaining the income of any person for any period from any source chargeable with tax under this Act (called in this Part the income), the...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr14A-</link><title>Income Tax Act 1947 - 14A Deduction for costs for protecting intellectual property</title><description>Deduction for costs for protecting intellectual property Subject to this section, where a person carrying on a trade or business has incurred — patenting costs during the period f...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr14C-</link><title>Income Tax Act 1947 - 14C Expenditure on research and development</title><description>Expenditure on research and development For the purpose of ascertaining the income of any person carrying on any trade or business and subject to subsection (4), the following exp...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr14D-</link><title>Income Tax Act 1947 - 14D Enhanced deduction for qualifying expenditure on research and development</title><description>Enhanced deduction for qualifying expenditure on research and development Subject to this section, for the purpose of ascertaining the income of a person carrying on any trade or ...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr14E-</link><title>Income Tax Act 1947 - 14E Further deduction for expenditure on research and development project</title><description>Further deduction for expenditure on research and development project Subject to this section, where the Comptroller is satisfied that — a person carrying on any trade or business...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr14EA-</link><title>Income Tax Act 1947 - 14EA Deduction for expenditure incurred on qualifying innovation projects</title><description>Deduction for expenditure incurred on qualifying innovation projects Subject to this section, for the purpose of ascertaining the income of a person carrying on a trade or busines...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr14J-</link><title>Income Tax Act 1947 - 14J Deduction for upfront land premium</title><description>Deduction for upfront land premium Where the Comptroller is satisfied that an upfront land premium has been paid by a lessee to a relevant body in respect of a designated lease fo...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr14L-</link><title>Income Tax Act 1947 - 14L Deduction for treasury shares transferred under employee equity‑based remuneration scheme</title><description>Deduction for treasury shares transferred under employee equity‑based remuneration scheme Where a company transfers, in the basis period for the year of assessment 2007 or any sub...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr14M-</link><title>Income Tax Act 1947 - 14M Deduction for shares transferred by special purpose vehicle under employee equity‑based remuneration scheme</title><description>Deduction for shares transferred by special purpose vehicle under employee equity‑based remuneration scheme Where — a special purpose vehicle has acquired treasury shares or previ...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr14O-</link><title>Income Tax Act 1947 - 14O Deduction for qualifying training expenditure for years of assessment 2011 to 2018</title><description>Deduction for qualifying training expenditure for years of assessment 2011 to 2018 Subject to this section, for the purpose of ascertaining the income of a person carrying on a tr...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr14Q-</link><title>Income Tax Act 1947 - 14Q Deduction for expenditure on leasing of PIC automation equipment under qualifying lease</title><description>Deduction for expenditure on leasing of PIC automation equipment under qualifying lease Subject to this section, for the purpose of ascertaining the income of a person carrying on...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr14T-</link><title>Income Tax Act 1947 - 14T Deduction for expenditure on licensing intellectual property rights</title><description>Deduction for expenditure on licensing intellectual property rights Subject to this section and section 37J, for the purpose of ascertaining the income of a person carrying on a t...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr14U-</link><title>Income Tax Act 1947 - 14U Enhanced deduction for expenditure on licensing intellectual property rights</title><description>Enhanced deduction for expenditure on licensing intellectual property rights Subject to this section, for the purpose of ascertaining the income of a person carrying on a trade or...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr14W-</link><title>Income Tax Act 1947 - 14W Deduction for expenditure incurred by individual in deriving passive rental income in Singapore</title><description>Deduction for expenditure incurred by individual in deriving passive rental income in Singapore This section applies for the purpose of ascertaining an individual’s income for the...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr14Z-</link><title>Income Tax Act 1947 - 14Z Deduction for expenditure for services or secondment to institutions of a public character</title><description>Deduction for expenditure for services or secondment to institutions of a public character Subject to this section, where the Comptroller is satisfied that a qualifying person has...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr14ZG-</link><title>Income Tax Act 1947 - 14ZG Deduction for qualifying training expenditure for years of assessment 2024 to 2028</title><description>Deduction for qualifying training expenditure for years of assessment 2024 to 2028 Subject to this section, for the purpose of ascertaining the income of a person carrying on a tr...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr19-</link><title>Income Tax Act 1947 - 19 Initial and annual allowances for machinery or plant</title><description>Initial and annual allowances for machinery or plant Where a person carrying on a trade, profession or business incurs capital expenditure on the provision of machinery or plant f...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr19A-</link><title>Income Tax Act 1947 - 19A Allowances of 3 years or 2 years write‑off for machinery and plant, and 100% write‑off for computer, prescribed automation equipment and robot, etc.</title><description>Allowances of 3 years or 2 years write‑off for machinery and plant, and 100% write‑off for computer, prescribed automation equipment and robot, etc. Despite section 19, where a pe...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr19B-</link><title>Income Tax Act 1947 - 19B Writing‑down allowances for intellectual property rights</title><description>Writing‑down allowances for intellectual property rights Subject to this section, where a company carrying on a trade or business has incurred on or after capital expenditure in a...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr19D-</link><title>Income Tax Act 1947 - 19D Writing‑down allowance for IRU</title><description>Writing‑down allowance for IRU Subject to this section, where a person carrying on a trade, business or profession has incurred capital expenditure during or after the basis perio...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr19E-</link><title>Income Tax Act 1947 - 19E Use of open‑market price for making allowances under sections 19, 19A and 19D</title><description>Use of open‑market price for making allowances under sections 19, 19A and 19D This section applies for the purpose of making an allowance under section 19, 19A or 19D for capital ...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr20-</link><title>Income Tax Act 1947 - 20 Balancing allowances and charges for machinery or plant</title><description>Balancing allowances and charges for machinery or plant Except as provided in this section, where at any time after the setting up and on or before the permanent discontinuance of...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr23-</link><title>Income Tax Act 1947 - 23 Carry forward of allowances</title><description>Carry forward of allowances Where, in any year of assessment, full effect cannot, by reason of an insufficiency of gains or profits chargeable for that year of assessment, be give...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr34G-</link><title>Income Tax Act 1947 - 34G Modification of provisions for companies redomiciled in Singapore</title><description>Modification of provisions for companies redomiciled in Singapore This section applies to a body corporate incorporated outside Singapore that is registered as a company limited b...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr34H-</link><title>Income Tax Act 1947 - 34H Tax credits for approved redomiciled companies</title><description>Tax credits for approved redomiciled companies This section applies where — an approved redomiciled company has income (called in this section income A) that is chargeable to tax ...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr34I-</link><title>Income Tax Act 1947 - 34I Adjustments arising from adoption of FRS 115 or SFRS(I) 15</title><description>Adjustments arising from adoption of FRS 115 or SFRS(I) 15 This section applies where — a person prepares or maintains the person’s financial accounts for any basis period for a y...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr34J-</link><title>Income Tax Act 1947 - 34J Tax treatment arising from adoption of FRS 116 or SFRS(I) 16</title><description>Tax treatment arising from adoption of FRS 116 or SFRS(I) 16 Where an MSI recipient (called in this section an electing recipient) makes an election in accordance with subsection ...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr36A-</link><title>Income Tax Act 1947 - 36A Limited liability partnership</title><description>Limited liability partnership For the purposes of this Act, where a limited liability partnership carries on a trade, business, profession or vocation — all the activities of the ...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr36C-</link><title>Income Tax Act 1947 - 36C Limited partnership</title><description>Limited partnership For the purposes of this Act, except as otherwise provided — references to a partnership include references to a limited partnership; and references to partner...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr37-</link><title>Income Tax Act 1947 - 37 Assessable income</title><description>Assessable income The assessable income of any person from all sources chargeable with tax under this Act for any year of assessment is the remainder of the person’s statutory inc...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr37A-</link><title>Income Tax Act 1947 - 37A Adjustment of capital allowances, losses or donations between income subject to tax at different rates</title><description>Adjustment of capital allowances, losses or donations between income subject to tax at different rates This section applies where — a company has income subject to tax at differen...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr37B-</link><title>Income Tax Act 1947 - 37B Group relief for Singapore companies</title><description>Group relief for Singapore companies Subject to the provisions of this section, a transferor company may transfer any qualifying deduction for any year of assessment to a claimant...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr37D-</link><title>Income Tax Act 1947 - 37D Carry‑back of capital allowances and losses</title><description>Carry‑back of capital allowances and losses Subject to the provisions of this section, a person may deduct any qualifying deduction for any year of assessment against the person’s...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr37E-</link><title>Income Tax Act 1947 - 37E Carry‑back of capital allowances and losses between spouses</title><description>Carry‑back of capital allowances and losses between spouses Subject to the provisions of this section, an individual may transfer any qualifying deduction for any year of assessme...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr37F-</link><title>Income Tax Act 1947 - 37F Deduction for incremental expenditure on research and development</title><description>Deduction for incremental expenditure on research and development Subject to this section, where any company incurs during the basis period for any year of assessment between the ...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr37G-</link><title>Income Tax Act 1947 - 37G Cash payout under Productivity and Innovation Credit Scheme</title><description>Cash payout under Productivity and Innovation Credit Scheme Subject to this section, where any qualifying person has incurred expenditure — during the basis period relating to the...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr37H-</link><title>Income Tax Act 1947 - 37H Productivity and Innovation Credit bonus</title><description>Productivity and Innovation Credit bonus For each of the years of assessment 2013, 2014 and 2015, a person, being a company or firm (including a partnership) (called in this secti...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr37N-</link><title>Income Tax Act 1947 - 37N Deduction for qualifying investments in qualifying start‑up companies</title><description>Deduction for qualifying investments in qualifying start‑up companies Where an individual proposes to make one or more qualifying investments that complies with subsection (4) in ...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr37O-</link><title>Income Tax Act 1947 - 37O Deduction for acquisition of shares of companies</title><description>Deduction for acquisition of shares of companies Subject to this section, where — a Singapore company (called in this section the acquiring company); any one or more subsidiaries ...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr37Q-</link><title>Income Tax Act 1947 - 37Q Exclusion of expenditure or payment subsidised by capital grant</title><description>Exclusion of expenditure or payment subsidised by capital grant Despite anything in this Act or the Economic Expansion Incentives (Relief from Income Tax) Act 1967, a deduction or...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr37R-</link><title>Income Tax Act 1947 - 37R Cash payout under Enterprise Innovation Scheme</title><description>Cash payout under Enterprise Innovation Scheme Subject to this section, where any eligible person has incurred expenditure during the basis period for any year of assessment betwe...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr43U-</link><title>Income Tax Act 1947 - 43U Concessionary rate of tax for shipping‑related support services</title><description>Concessionary rate of tax for shipping‑related support services Despite section 43, tax at the rate of 10% is to be levied and paid for each year of assessment upon the amount of ...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr43W-</link><title>Income Tax Act 1947 - 43W Concessionary rate of tax for international growth company</title><description>Concessionary rate of tax for international growth company Despite section 43, the Minister may by regulations provide that tax at the rate of 10% is to be levied and paid upon th...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr45E-</link><title>Income Tax Act 1947 - 45E Application of section 45 to withdrawals by non‑citizen SRS members, etc.</title><description>Application of section 45 to withdrawals by non‑citizen SRS members, etc. Subject to subsections (2) and (2A), section 45 applies in relation to — any withdrawal made — under sect...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr45EA-</link><title>Income Tax Act 1947 - 45EA Approval of deduction of investment from SRS account of non‑citizen</title><description>Approval of deduction of investment from SRS account of non‑citizen This section applies to an investment made using funds from an SRS account of an SRS member who is not a citize...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr49-</link><title>Income Tax Act 1947 - 49 Avoidance of double taxation arrangements</title><description>Avoidance of double taxation arrangements If the Minister by order declares that arrangements specified in the order have been made with the government of any country outside Sing...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr81-</link><title>Income Tax Act 1947 - 81 Appeals to General Division of High Court</title><description>Appeals to General Division of High Court Except as provided in this section, the decision of the Board is final. 40/2019 In any case in which the amount of tax payable, tax to be...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr107-</link><title>Income Tax Act 1947 - 107 Variable capital companies or VCCs</title><description>Variable capital companies or VCCs For the purposes of this Act, and subject to the modifications in this section and the rules under subsection (30), a reference to a company in ...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=Sc3-</link><title>Income Tax Act 1947 - Third Schedule </title><description>PROVISION THAT APPLIES IN PLACE OF SECTION 13W WHERE INCOME IS THAT OF AN UMBRELLA VCC FROM DISPOSAL OF ORDINARY SHARES IN A COMPANY OR VCC Sections 106(1) and 107(17) and (18) Se...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=xv-</link><title>Income Tax Act 1947 - Legislative History</title><description>This Legislative History is provided for the convenience of users of the Income Tax Act. It is not part of the Act. Ordinance 39 of 1947 Income Tax Ordinance 1947 Date of First Re...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr10-</link><title>Income Tax Act 1947 - 10 Charge of income tax</title><description>Charge of income tax Income tax is, subject to the provisions of this Act, payable at the rate or rates specified hereinafter for each year of assessment upon the income of any pe...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr10G-</link><title>Income Tax Act 1947 - 10G Withdrawals from Supplementary Retirement Scheme</title><description>Withdrawals from Supplementary Retirement Scheme Where the amount of withdrawals made by an SRS member from his or her SRS account in any year exceeds the amount the SRS member co...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr13D-</link><title>Income Tax Act 1947 - 13D Exemption of income of prescribed persons arising from funds managed by fund manager in Singapore</title><description>Exemption of income of prescribed persons arising from funds managed by fund manager in Singapore There is exempt from tax such income as the Minister may by regulations prescribe...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr13I-</link><title>Income Tax Act 1947 - 13I Exemption of tax on gains or profits from equity remuneration incentive scheme</title><description>Exemption of tax on gains or profits from equity remuneration incentive scheme Where a qualifying employee derives any gains or profits in any year of assessment, after the expiry...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr13K-</link><title>Income Tax Act 1947 - 13K Exemption of tax on income derived by non‑ordinarily resident individual</title><description>Exemption of tax on income derived by non‑ordinarily resident individual Where an NOR individual is resident in Singapore in any year of assessment within the period he or she is ...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr13O-</link><title>Income Tax Act 1947 - 13O Exemption of income of company incorporated and resident in Singapore arising from funds managed by fund manager in Singapore</title><description>Exemption of income of company incorporated and resident in Singapore arising from funds managed by fund manager in Singapore Subject to such conditions as may be prescribed by re...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr14-</link><title>Income Tax Act 1947 - 14 Deductions allowed</title><description>Deductions allowed For the purpose of ascertaining the income of any person for any period from any source chargeable with tax under this Act (called in this Part the income), the...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr14A-</link><title>Income Tax Act 1947 - 14A Deduction for costs for protecting intellectual property</title><description>Deduction for costs for protecting intellectual property Subject to this section, where a person carrying on a trade or business has incurred — patenting costs during the period f...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr14C-</link><title>Income Tax Act 1947 - 14C Expenditure on research and development</title><description>Expenditure on research and development For the purpose of ascertaining the income of any person carrying on any trade or business and subject to subsection (4), the following exp...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr14D-</link><title>Income Tax Act 1947 - 14D Enhanced deduction for qualifying expenditure on research and development</title><description>Enhanced deduction for qualifying expenditure on research and development Subject to this section, for the purpose of ascertaining the income of a person carrying on any trade or ...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr14E-</link><title>Income Tax Act 1947 - 14E Further deduction for expenditure on research and development project</title><description>Further deduction for expenditure on research and development project Subject to this section, where the Comptroller is satisfied that — a person carrying on any trade or business...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr14EA-</link><title>Income Tax Act 1947 - 14EA Deduction for expenditure incurred on qualifying innovation projects</title><description>Deduction for expenditure incurred on qualifying innovation projects Subject to this section, for the purpose of ascertaining the income of a person carrying on a trade or busines...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr14J-</link><title>Income Tax Act 1947 - 14J Deduction for upfront land premium</title><description>Deduction for upfront land premium Where the Comptroller is satisfied that an upfront land premium has been paid by a lessee to a relevant body in respect of a designated lease fo...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr14L-</link><title>Income Tax Act 1947 - 14L Deduction for treasury shares transferred under employee equity‑based remuneration scheme</title><description>Deduction for treasury shares transferred under employee equity‑based remuneration scheme Where a company transfers, in the basis period for the year of assessment 2007 or any sub...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr14M-</link><title>Income Tax Act 1947 - 14M Deduction for shares transferred by special purpose vehicle under employee equity‑based remuneration scheme</title><description>Deduction for shares transferred by special purpose vehicle under employee equity‑based remuneration scheme Where — a special purpose vehicle has acquired treasury shares or previ...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr14O-</link><title>Income Tax Act 1947 - 14O Deduction for qualifying training expenditure for years of assessment 2011 to 2018</title><description>Deduction for qualifying training expenditure for years of assessment 2011 to 2018 Subject to this section, for the purpose of ascertaining the income of a person carrying on a tr...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr14Q-</link><title>Income Tax Act 1947 - 14Q Deduction for expenditure on leasing of PIC automation equipment under qualifying lease</title><description>Deduction for expenditure on leasing of PIC automation equipment under qualifying lease Subject to this section, for the purpose of ascertaining the income of a person carrying on...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr14T-</link><title>Income Tax Act 1947 - 14T Deduction for expenditure on licensing intellectual property rights</title><description>Deduction for expenditure on licensing intellectual property rights Subject to this section and section 37J, for the purpose of ascertaining the income of a person carrying on a t...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr14U-</link><title>Income Tax Act 1947 - 14U Enhanced deduction for expenditure on licensing intellectual property rights</title><description>Enhanced deduction for expenditure on licensing intellectual property rights Subject to this section, for the purpose of ascertaining the income of a person carrying on a trade or...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr14W-</link><title>Income Tax Act 1947 - 14W Deduction for expenditure incurred by individual in deriving passive rental income in Singapore</title><description>Deduction for expenditure incurred by individual in deriving passive rental income in Singapore This section applies for the purpose of ascertaining an individual’s income for the...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr14Z-</link><title>Income Tax Act 1947 - 14Z Deduction for expenditure for services or secondment to institutions of a public character</title><description>Deduction for expenditure for services or secondment to institutions of a public character Subject to this section, where the Comptroller is satisfied that a qualifying person has...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr14ZG-</link><title>Income Tax Act 1947 - 14ZG Deduction for qualifying training expenditure for years of assessment 2024 to 2028</title><description>Deduction for qualifying training expenditure for years of assessment 2024 to 2028 Subject to this section, for the purpose of ascertaining the income of a person carrying on a tr...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr19-</link><title>Income Tax Act 1947 - 19 Initial and annual allowances for machinery or plant</title><description>Initial and annual allowances for machinery or plant Where a person carrying on a trade, profession or business incurs capital expenditure on the provision of machinery or plant f...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr19A-</link><title>Income Tax Act 1947 - 19A Allowances of 3 years or 2 years write‑off for machinery and plant, and 100% write‑off for computer, prescribed automation equipment and robot, etc.</title><description>Allowances of 3 years or 2 years write‑off for machinery and plant, and 100% write‑off for computer, prescribed automation equipment and robot, etc. Despite section 19, where a pe...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr19B-</link><title>Income Tax Act 1947 - 19B Writing‑down allowances for intellectual property rights</title><description>Writing‑down allowances for intellectual property rights Subject to this section, where a company carrying on a trade or business has incurred on or after capital expenditure in a...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr19D-</link><title>Income Tax Act 1947 - 19D Writing‑down allowance for IRU</title><description>Writing‑down allowance for IRU Subject to this section, where a person carrying on a trade, business or profession has incurred capital expenditure during or after the basis perio...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr19E-</link><title>Income Tax Act 1947 - 19E Use of open‑market price for making allowances under sections 19, 19A and 19D</title><description>Use of open‑market price for making allowances under sections 19, 19A and 19D This section applies for the purpose of making an allowance under section 19, 19A or 19D for capital ...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr20-</link><title>Income Tax Act 1947 - 20 Balancing allowances and charges for machinery or plant</title><description>Balancing allowances and charges for machinery or plant Except as provided in this section, where at any time after the setting up and on or before the permanent discontinuance of...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr23-</link><title>Income Tax Act 1947 - 23 Carry forward of allowances</title><description>Carry forward of allowances Where, in any year of assessment, full effect cannot, by reason of an insufficiency of gains or profits chargeable for that year of assessment, be give...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr34G-</link><title>Income Tax Act 1947 - 34G Modification of provisions for companies redomiciled in Singapore</title><description>Modification of provisions for companies redomiciled in Singapore This section applies to a body corporate incorporated outside Singapore that is registered as a company limited b...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr34H-</link><title>Income Tax Act 1947 - 34H Tax credits for approved redomiciled companies</title><description>Tax credits for approved redomiciled companies This section applies where — an approved redomiciled company has income (called in this section income A) that is chargeable to tax ...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr34I-</link><title>Income Tax Act 1947 - 34I Adjustments arising from adoption of FRS 115 or SFRS(I) 15</title><description>Adjustments arising from adoption of FRS 115 or SFRS(I) 15 This section applies where — a person prepares or maintains the person’s financial accounts for any basis period for a y...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr34J-</link><title>Income Tax Act 1947 - 34J Tax treatment arising from adoption of FRS 116 or SFRS(I) 16</title><description>Tax treatment arising from adoption of FRS 116 or SFRS(I) 16 Where an MSI recipient (called in this section an electing recipient) makes an election in accordance with subsection ...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr36A-</link><title>Income Tax Act 1947 - 36A Limited liability partnership</title><description>Limited liability partnership For the purposes of this Act, where a limited liability partnership carries on a trade, business, profession or vocation — all the activities of the ...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr36C-</link><title>Income Tax Act 1947 - 36C Limited partnership</title><description>Limited partnership For the purposes of this Act, except as otherwise provided — references to a partnership include references to a limited partnership; and references to partner...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr37-</link><title>Income Tax Act 1947 - 37 Assessable income</title><description>Assessable income The assessable income of any person from all sources chargeable with tax under this Act for any year of assessment is the remainder of the person’s statutory inc...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr37A-</link><title>Income Tax Act 1947 - 37A Adjustment of capital allowances, losses or donations between income subject to tax at different rates</title><description>Adjustment of capital allowances, losses or donations between income subject to tax at different rates This section applies where — a company has income subject to tax at differen...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr37B-</link><title>Income Tax Act 1947 - 37B Group relief for Singapore companies</title><description>Group relief for Singapore companies Subject to the provisions of this section, a transferor company may transfer any qualifying deduction for any year of assessment to a claimant...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr37D-</link><title>Income Tax Act 1947 - 37D Carry‑back of capital allowances and losses</title><description>Carry‑back of capital allowances and losses Subject to the provisions of this section, a person may deduct any qualifying deduction for any year of assessment against the person’s...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr37E-</link><title>Income Tax Act 1947 - 37E Carry‑back of capital allowances and losses between spouses</title><description>Carry‑back of capital allowances and losses between spouses Subject to the provisions of this section, an individual may transfer any qualifying deduction for any year of assessme...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr37F-</link><title>Income Tax Act 1947 - 37F Deduction for incremental expenditure on research and development</title><description>Deduction for incremental expenditure on research and development Subject to this section, where any company incurs during the basis period for any year of assessment between the ...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr37G-</link><title>Income Tax Act 1947 - 37G Cash payout under Productivity and Innovation Credit Scheme</title><description>Cash payout under Productivity and Innovation Credit Scheme Subject to this section, where any qualifying person has incurred expenditure — during the basis period relating to the...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr37H-</link><title>Income Tax Act 1947 - 37H Productivity and Innovation Credit bonus</title><description>Productivity and Innovation Credit bonus For each of the years of assessment 2013, 2014 and 2015, a person, being a company or firm (including a partnership) (called in this secti...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr37N-</link><title>Income Tax Act 1947 - 37N Deduction for qualifying investments in qualifying start‑up companies</title><description>Deduction for qualifying investments in qualifying start‑up companies Where an individual proposes to make one or more qualifying investments that complies with subsection (4) in ...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr37O-</link><title>Income Tax Act 1947 - 37O Deduction for acquisition of shares of companies</title><description>Deduction for acquisition of shares of companies Subject to this section, where — a Singapore company (called in this section the acquiring company); any one or more subsidiaries ...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr37R-</link><title>Income Tax Act 1947 - 37R Cash payout under Enterprise Innovation Scheme</title><description>Cash payout under Enterprise Innovation Scheme Subject to this section, where any eligible person has incurred expenditure during the basis period for any year of assessment betwe...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr43U-</link><title>Income Tax Act 1947 - 43U Concessionary rate of tax for shipping‑related support services</title><description>Concessionary rate of tax for shipping‑related support services Despite section 43, tax at the rate of 10% is to be levied and paid for each year of assessment upon the amount of ...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr43W-</link><title>Income Tax Act 1947 - 43W Concessionary rate of tax for international growth company</title><description>Concessionary rate of tax for international growth company Despite section 43, the Minister may by regulations provide that tax at the rate of 10% is to be levied and paid upon th...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr45E-</link><title>Income Tax Act 1947 - 45E Application of section 45 to withdrawals by non‑citizen SRS members, etc.</title><description>Application of section 45 to withdrawals by non‑citizen SRS members, etc. Subject to subsections (2) and (2A), section 45 applies in relation to — any withdrawal made — under sect...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr45EA-</link><title>Income Tax Act 1947 - 45EA Approval of deduction of investment from SRS account of non‑citizen</title><description>Approval of deduction of investment from SRS account of non‑citizen This section applies to an investment made using funds from an SRS account of an SRS member who is not a citize...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr49-</link><title>Income Tax Act 1947 - 49 Avoidance of double taxation arrangements</title><description>Avoidance of double taxation arrangements If the Minister by order declares that arrangements specified in the order have been made with the government of any country outside Sing...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr81-</link><title>Income Tax Act 1947 - 81 Appeals to General Division of High Court</title><description>Appeals to General Division of High Court Except as provided in this section, the decision of the Board is final. 40/2019 In any case in which the amount of tax payable, tax to be...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr107-</link><title>Income Tax Act 1947 - 107 Variable capital companies or VCCs</title><description>Variable capital companies or VCCs For the purposes of this Act, and subject to the modifications in this section and the rules under subsection (30), a reference to a company in ...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=Sc3-</link><title>Income Tax Act 1947 - Third Schedule </title><description>PROVISION THAT APPLIES IN PLACE OF SECTION 13W WHERE INCOME IS THAT OF AN UMBRELLA VCC FROM DISPOSAL OF ORDINARY SHARES IN A COMPANY OR VCC Sections 106(1) and 107(17) and (18) Se...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=xv-</link><title>Income Tax Act 1947 - Legislative History</title><description>This Legislative History is provided for the convenience of users of the Income Tax Act. It is not part of the Act. Ordinance 39 of 1947 Income Tax Ordinance 1947 Date of First Re...</description><pubDate>Fri, 29 Dec 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr2-</link><title>Income Tax Act 1947 - 2 Interpretation</title><description>Interpretation 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...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr8A-</link><title>Income Tax Act 1947 - 8A Electronic service</title><description>Electronic service The Comptroller may provide an electronic service for — the filing or submission of any return, estimate, statement or document, and the provision of any inform...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr10-</link><title>Income Tax Act 1947 - 10 Charge of income tax</title><description>Charge of income tax Income tax is, subject to the provisions of this Act, payable at the rate or rates specified hereinafter for each year of assessment upon the income of any pe...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr10B-</link><title>Income Tax Act 1947 - 10B Excess provident fund contributions, etc., deemed to be income</title><description>Excess provident fund contributions, etc., deemed to be income Despite section 13(1)(j ), where in any year, contributions have been made by an employer in respect of an employee ...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr10G-</link><title>Income Tax Act 1947 - 10G Withdrawals from Supplementary Retirement Scheme</title><description>Withdrawals from Supplementary Retirement Scheme Where the amount of withdrawals made by an SRS member from his or her SRS account in any year exceeds the amount the SRS member co...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=P14-</link><title>Income Tax Act 1947 - Part 4 EXEMPTION FROM INCOME TAX</title><description>EXEMPTION FROM INCOME TAX</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr13-</link><title>Income Tax Act 1947 - 13 Exempt income</title><description>Exempt income There is exempt from tax — subject to subsection (2) and such conditions as may be prescribed by regulations, the interest derived from — any qualifying debt securit...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr13D-</link><title>Income Tax Act 1947 - 13D Exemption of income of prescribed persons arising from funds managed by fund manager in Singapore</title><description>Exemption of income of prescribed persons arising from funds managed by fund manager in Singapore There is exempt from tax such income as the Minister may by regulations prescribe...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr13I-</link><title>Income Tax Act 1947 - 13I Exemption of tax on gains or profits from equity remuneration incentive scheme</title><description>Exemption of tax on gains or profits from equity remuneration incentive scheme Where a qualifying employee derives any gains or profits in any year of assessment, after the expiry...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr13K-</link><title>Income Tax Act 1947 - 13K Exemption of tax on income derived by non‑ordinarily resident individual</title><description>Exemption of tax on income derived by non‑ordinarily resident individual Where an NOR individual is resident in Singapore in any year of assessment within the period he or she is ...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr13M-</link><title>Income Tax Act 1947 - 13M Exemption of income derived from asset securitisation transaction</title><description>Exemption of income derived from asset securitisation transaction There is exempt from tax, subject to such conditions as may be prescribed by regulations, income derived by an ap...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr13O-</link><title>Income Tax Act 1947 - 13O Exemption of income of company incorporated and resident in Singapore arising from funds managed by fund manager in Singapore</title><description>Exemption of income of company incorporated and resident in Singapore arising from funds managed by fund manager in Singapore Subject to such conditions as may be prescribed by re...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr13QA-</link><title>Income Tax Act 1947 - 13QA Exemption of estate income received by beneficiary, etc.</title><description>Exemption of estate income received by beneficiary, etc. Where a person resident in Singapore is a beneficiary of an estate administered in Singapore, and any share of the statuto...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=P15-</link><title>Income Tax Act 1947 - Part 5 DEDUCTIONS AGAINST INCOME</title><description>DEDUCTIONS AGAINST INCOME</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr14-</link><title>Income Tax Act 1947 - 14 Deductions allowed</title><description>Deductions allowed For the purpose of ascertaining the income of any person for any period from any source chargeable with tax under this Act (called in this Part the income), the...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr14A-</link><title>Income Tax Act 1947 - 14A Deduction for costs for protecting intellectual property</title><description>Deduction for costs for protecting intellectual property Subject to this section, where a person carrying on a trade or business has incurred — patenting costs during the period f...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr14C-</link><title>Income Tax Act 1947 - 14C Expenditure on research and development</title><description>Expenditure on research and development For the purpose of ascertaining the income of any person carrying on any trade or business and subject to subsection (4), the following exp...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr14D-</link><title>Income Tax Act 1947 - 14D Enhanced deduction for qualifying expenditure on research and development</title><description>Enhanced deduction for qualifying expenditure on research and development Subject to this section, for the purpose of ascertaining the income of a person carrying on any trade or ...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr14E-</link><title>Income Tax Act 1947 - 14E Further deduction for expenditure on research and development project</title><description>Further deduction for expenditure on research and development project Subject to this section, where the Comptroller is satisfied that — a person carrying on any trade or business...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr14EA-</link><title>Income Tax Act 1947 - 14EA Deduction for expenditure incurred on qualifying innovation projects</title><description>Deduction for expenditure incurred on qualifying innovation projects Subject to this section, for the purpose of ascertaining the income of a person carrying on a trade or busines...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr14G-</link><title>Income Tax Act 1947 - 14G Provisions by banks and qualifying finance companies for doubtful debts and diminution in value of investments</title><description>Provisions by banks and qualifying finance companies for doubtful debts and diminution in value of investments Subject to this section, for the purpose of ascertaining the income ...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr14J-</link><title>Income Tax Act 1947 - 14J Deduction for upfront land premium</title><description>Deduction for upfront land premium Where the Comptroller is satisfied that an upfront land premium has been paid by a lessee to a relevant body in respect of a designated lease fo...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr14L-</link><title>Income Tax Act 1947 - 14L Deduction for treasury shares transferred under employee equity‑based remuneration scheme</title><description>Deduction for treasury shares transferred under employee equity‑based remuneration scheme Where a company transfers, in the basis period for the year of assessment 2007 or any sub...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr14M-</link><title>Income Tax Act 1947 - 14M Deduction for shares transferred by special purpose vehicle under employee equity‑based remuneration scheme</title><description>Deduction for shares transferred by special purpose vehicle under employee equity‑based remuneration scheme Where — a special purpose vehicle has acquired treasury shares or previ...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr14N-</link><title>Income Tax Act 1947 - 14N Deduction for renovation or refurbishment expenditure</title><description>Deduction for renovation or refurbishment expenditure Subject to this section, where any person carrying on a trade, profession or business has incurred on or after expenditure on...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr14O-</link><title>Income Tax Act 1947 - 14O Deduction for qualifying training expenditure for years of assessment 2011 to 2018</title><description>Deduction for qualifying training expenditure for years of assessment 2011 to 2018 Subject to this section, for the purpose of ascertaining the income of a person carrying on a tr...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr14Q-</link><title>Income Tax Act 1947 - 14Q Deduction for expenditure on leasing of PIC automation equipment under qualifying lease</title><description>Deduction for expenditure on leasing of PIC automation equipment under qualifying lease Subject to this section, for the purpose of ascertaining the income of a person carrying on...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr14T-</link><title>Income Tax Act 1947 - 14T Deduction for expenditure on licensing intellectual property rights</title><description>Deduction for expenditure on licensing intellectual property rights Subject to this section and section 37J, for the purpose of ascertaining the income of a person carrying on a t...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr14U-</link><title>Income Tax Act 1947 - 14U Enhanced deduction for expenditure on licensing intellectual property rights</title><description>Enhanced deduction for expenditure on licensing intellectual property rights Subject to this section, for the purpose of ascertaining the income of a person carrying on a trade or...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr14W-</link><title>Income Tax Act 1947 - 14W Deduction for expenditure incurred by individual in deriving passive rental income in Singapore</title><description>Deduction for expenditure incurred by individual in deriving passive rental income in Singapore This section applies for the purpose of ascertaining an individual’s income for the...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr14X-</link><title>Income Tax Act 1947 - 14X Attribution of deductible expenses incurred before commencement of trade, etc.</title><description>Attribution of deductible expenses incurred before commencement of trade, etc. This section applies where — a person derives the first dollar of income from a trade, business, pro...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr14Z-</link><title>Income Tax Act 1947 - 14Z Deduction for expenditure for services or secondment to institutions of a public character</title><description>Deduction for expenditure for services or secondment to institutions of a public character Subject to this section, where the Comptroller is satisfied that a qualifying person has...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr14ZC-</link><title>Income Tax Act 1947 - 14ZC Deduction for payments made to drivers of chauffeured private hire cars and taxis</title><description>Deduction for payments made to drivers of chauffeured private hire cars and taxis Each provision in the first column of the following table applies for the purpose of ascertaining...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr14ZG-</link><title>Income Tax Act 1947 - 14ZG Deduction for qualifying training expenditure for years of assessment 2024 to 2028</title><description>Deduction for qualifying training expenditure for years of assessment 2024 to 2028 Subject to this section, for the purpose of ascertaining the income of a person carrying on a tr...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr14ZH-</link><title>Income Tax Act 1947 - 14ZH Deduction for expenditure incurred in deriving income from providing delivery services</title><description>Deduction for expenditure incurred in deriving income from providing delivery services This section applies for the purpose of ascertaining, for the basis period for the year of a...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr15-</link><title>Income Tax Act 1947 - 15 Deductions not allowed</title><description>Deductions not allowed Despite the provisions of this Act, for the purpose of ascertaining the income of any person, no deduction is allowed in respect of — domestic or private ex...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr19-</link><title>Income Tax Act 1947 - 19 Initial and annual allowances for machinery or plant</title><description>Initial and annual allowances for machinery or plant Where a person carrying on a trade, profession or business incurs capital expenditure on the provision of machinery or plant f...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr19A-</link><title>Income Tax Act 1947 - 19A Allowances of 3 years or 2 years write‑off for machinery and plant, and 100% write‑off for computer, prescribed automation equipment and robot, etc.</title><description>Allowances of 3 years or 2 years write‑off for machinery and plant, and 100% write‑off for computer, prescribed automation equipment and robot, etc. Despite section 19, where a pe...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr19B-</link><title>Income Tax Act 1947 - 19B Writing‑down allowances for intellectual property rights</title><description>Writing‑down allowances for intellectual property rights Subject to this section, where a company carrying on a trade or business has incurred on or after capital expenditure in a...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr19D-</link><title>Income Tax Act 1947 - 19D Writing‑down allowance for IRU</title><description>Writing‑down allowance for IRU Subject to this section, where a person carrying on a trade, business or profession has incurred capital expenditure during or after the basis perio...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr19E-</link><title>Income Tax Act 1947 - 19E Use of open‑market price for making allowances under sections 19, 19A and 19D</title><description>Use of open‑market price for making allowances under sections 19, 19A and 19D This section applies for the purpose of making an allowance under section 19, 19A or 19D for capital ...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr20-</link><title>Income Tax Act 1947 - 20 Balancing allowances and charges for machinery or plant</title><description>Balancing allowances and charges for machinery or plant Except as provided in this section, where at any time after the setting up and on or before the permanent discontinuance of...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr23-</link><title>Income Tax Act 1947 - 23 Carry forward of allowances</title><description>Carry forward of allowances Where, in any year of assessment, full effect cannot, by reason of an insufficiency of gains or profits chargeable for that year of assessment, be give...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr34AA-</link><title>Income Tax Act 1947 - 34AA Adjustment on change of basis of computing profits of financial instruments resulting from FRS 109 or SFRS(I) 9</title><description>Adjustment on change of basis of computing profits of financial instruments resulting from FRS 109 or SFRS(I) 9 Despite the provisions of this Act but subject to section 34G(3), (...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr34AAA-</link><title>Income Tax Act 1947 - 34AAA Change of basis for computing profits from financial instruments for insurers</title><description>Change of basis for computing profits from financial instruments for insurers Despite the provisions of this Act but subject to section 34G(3), (4) and (5), the amount of any prof...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr34CA-</link><title>Income Tax Act 1947 - 34CA Transfer of businesses by insurer</title><description>Transfer of businesses by insurer This section applies to a case where — a licensed insurer that is a company incorporated in Singapore (called in this section the transferor) tra...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr34G-</link><title>Income Tax Act 1947 - 34G Modification of provisions for companies redomiciled in Singapore</title><description>Modification of provisions for companies redomiciled in Singapore This section applies to a body corporate incorporated outside Singapore that is registered as a company limited b...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr34H-</link><title>Income Tax Act 1947 - 34H Tax credits for approved redomiciled companies</title><description>Tax credits for approved redomiciled companies This section applies where — an approved redomiciled company has income (called in this section income A) that is chargeable to tax ...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr34I-</link><title>Income Tax Act 1947 - 34I Adjustments arising from adoption of FRS 115 or SFRS(I) 15</title><description>Adjustments arising from adoption of FRS 115 or SFRS(I) 15 This section applies where — a person prepares or maintains the person’s financial accounts for any basis period for a y...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr34J-</link><title>Income Tax Act 1947 - 34J Tax treatment arising from adoption of FRS 116 or SFRS(I) 16</title><description>Tax treatment arising from adoption of FRS 116 or SFRS(I) 16 Where an MSI recipient (called in this section an electing recipient) makes an election in accordance with subsection ...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr35-</link><title>Income Tax Act 1947 - 35 Basis for computing statutory income</title><description>Basis for computing statutory income Except as provided in this section, the income of any person for each year of assessment (called in this Act the statutory income) is the full...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr36A-</link><title>Income Tax Act 1947 - 36A Limited liability partnership</title><description>Limited liability partnership For the purposes of this Act, where a limited liability partnership carries on a trade, business, profession or vocation — all the activities of the ...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr36C-</link><title>Income Tax Act 1947 - 36C Limited partnership</title><description>Limited partnership For the purposes of this Act, except as otherwise provided — references to a partnership include references to a limited partnership; and references to partner...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=P19-</link><title>Income Tax Act 1947 - Part 9 ASCERTAINMENT OF ASSESSABLE INCOME</title><description>ASCERTAINMENT OF ASSESSABLE INCOME</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr37-</link><title>Income Tax Act 1947 - 37 Assessable income</title><description>Assessable income The assessable income of any person from all sources chargeable with tax under this Act for any year of assessment is the remainder of the person’s statutory inc...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr37A-</link><title>Income Tax Act 1947 - 37A Adjustment of capital allowances, losses or donations between income subject to tax at different rates</title><description>Adjustment of capital allowances, losses or donations between income subject to tax at different rates This section applies where — a company has income subject to tax at differen...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr37B-</link><title>Income Tax Act 1947 - 37B Group relief for Singapore companies</title><description>Group relief for Singapore companies Subject to the provisions of this section, a transferor company may transfer any qualifying deduction for any year of assessment to a claimant...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr37D-</link><title>Income Tax Act 1947 - 37D Carry‑back of capital allowances and losses</title><description>Carry‑back of capital allowances and losses Subject to the provisions of this section, a person may deduct any qualifying deduction for any year of assessment against the person’s...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr37E-</link><title>Income Tax Act 1947 - 37E Carry‑back of capital allowances and losses between spouses</title><description>Carry‑back of capital allowances and losses between spouses Subject to the provisions of this section, an individual may transfer any qualifying deduction for any year of assessme...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr37F-</link><title>Income Tax Act 1947 - 37F Deduction for incremental expenditure on research and development</title><description>Deduction for incremental expenditure on research and development Subject to this section, where any company incurs during the basis period for any year of assessment between the ...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr37G-</link><title>Income Tax Act 1947 - 37G Cash payout under Productivity and Innovation Credit Scheme</title><description>Cash payout under Productivity and Innovation Credit Scheme Subject to this section, where any qualifying person has incurred expenditure — during the basis period relating to the...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr37H-</link><title>Income Tax Act 1947 - 37H Productivity and Innovation Credit bonus</title><description>Productivity and Innovation Credit bonus For each of the years of assessment 2013, 2014 and 2015, a person, being a company or firm (including a partnership) (called in this secti...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr37N-</link><title>Income Tax Act 1947 - 37N Deduction for qualifying investments in qualifying start‑up companies</title><description>Deduction for qualifying investments in qualifying start‑up companies Where an individual proposes to make one or more qualifying investments that complies with subsection (4) in ...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr37O-</link><title>Income Tax Act 1947 - 37O Deduction for acquisition of shares of companies</title><description>Deduction for acquisition of shares of companies Subject to this section, where — a Singapore company (called in this section the acquiring company); any one or more subsidiaries ...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr37Q-</link><title>Income Tax Act 1947 - 37Q Exclusion of expenditure or payment subsidised by capital grant</title><description>Exclusion of expenditure or payment subsidised by capital grant Despite anything in this Act or the Economic Expansion Incentives (Relief from Income Tax) Act 1967, a deduction or...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr37R-</link><title>Income Tax Act 1947 - 37R Cash payout under Enterprise Innovation Scheme</title><description>Cash payout under Enterprise Innovation Scheme Subject to this section, where any eligible person has incurred expenditure during the basis period for any year of assessment betwe...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr37S-</link><title>Income Tax Act 1947 - 37S Penalties for false information, etc., resulting in payment under section 37R</title><description>Penalties for false information, etc., resulting in payment under section 37R Any person who — gives to the Comptroller any information under section 37R(2) or (7) that is false i...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr39-</link><title>Income Tax Act 1947 - 39 Relief and deduction for resident individual</title><description>Relief and deduction for resident individual In the case of an individual resident in Singapore in the year of assessment, there is allowed a deduction, in respect of earned incom...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=P111-</link><title>Income Tax Act 1947 - Part 11 RATES OF TAX</title><description>RATES OF TAX</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr43H-</link><title>Income Tax Act 1947 - 43H Concessionary rate of tax for income derived from debt securities</title><description>Concessionary rate of tax for income derived from debt securities Despite section 43, the Minister may by regulations provide that tax at the rate of 10% is to be levied and paid ...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr43MA-</link><title>Income Tax Act 1947 - 43MA Concessionary rate of tax for estate income received by beneficiary, etc.</title><description>Concessionary rate of tax for estate income received by beneficiary, etc. Where any person resident in Singapore is a beneficiary of an estate administered in Singapore, and any s...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr43R-</link><title>Income Tax Act 1947 - 43R Concessionary rate of tax for approved insurance brokers</title><description>Concessionary rate of tax for approved insurance brokers Despite section 43, the Minister may by regulations provide that tax at the rate of 10% is to be levied and paid for each ...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr43U-</link><title>Income Tax Act 1947 - 43U Concessionary rate of tax for shipping‑related support services</title><description>Concessionary rate of tax for shipping‑related support services Despite section 43, tax at the rate of 10% is to be levied and paid for each year of assessment upon the amount of ...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr43W-</link><title>Income Tax Act 1947 - 43W Concessionary rate of tax for international growth company</title><description>Concessionary rate of tax for international growth company Despite section 43, the Minister may by regulations provide that tax at the rate of 10% is to be levied and paid upon th...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr43X-</link><title>Income Tax Act 1947 - 43X Concessionary rate of tax for intellectual property income</title><description>Concessionary rate of tax for intellectual property income Despite section 43 and subject to this section, the concessionary rate of tax under subsection (5) applies for each year...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr45-</link><title>Income Tax Act 1947 - 45 Withholding of tax in respect of interest paid to non‑resident persons</title><description>Withholding of tax in respect of interest paid to non‑resident persons Where a person is liable to pay to another person not known to the firstmentioned person to be resident in S...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr45A-</link><title>Income Tax Act 1947 - 45A Application of section 45 to royalties, management fees, etc.</title><description>Application of section 45 to royalties, management fees, etc. Section 45(1) to (8) applies in relation to the payment of any income referred to in section 12(6) or (7) by any pers...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr45E-</link><title>Income Tax Act 1947 - 45E Application of section 45 to withdrawals by non‑citizen SRS members, etc.</title><description>Application of section 45 to withdrawals by non‑citizen SRS members, etc. Subject to subsections (2) and (2A), section 45 applies in relation to — any withdrawal made — under sect...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr45EA-</link><title>Income Tax Act 1947 - 45EA Approval of deduction of investment from SRS account of non‑citizen</title><description>Approval of deduction of investment from SRS account of non‑citizen This section applies to an investment made using funds from an SRS account of an SRS member who is not a citize...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr45F-</link><title>Income Tax Act 1947 - 45F Application of section 45 to income from profession or vocation carried on by non‑resident individual, etc.</title><description>Application of section 45 to income from profession or vocation carried on by non‑resident individual, etc. Subject to subsections (1A), (2) and (2A), section 45 applies in relati...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr45GA-</link><title>Income Tax Act 1947 - 45GA Application of section 45 to income derived as public entertainer</title><description>Application of section 45 to income derived as public entertainer Subject to subsections (2), (2A) and (2B), section 45 applies in relation to the payment by any person to any pub...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=P114-</link><title>Income Tax Act 1947 - Part 14 RELIEF AGAINST DOUBLE TAXATION</title><description>RELIEF AGAINST DOUBLE TAXATION</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr49-</link><title>Income Tax Act 1947 - 49 Avoidance of double taxation arrangements</title><description>Avoidance of double taxation arrangements If the Minister by order declares that arrangements specified in the order have been made with the government of any country outside Sing...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr50BA-</link><title>Income Tax Act 1947 - 50BA Tax credits for estate income received by beneficiary, etc.</title><description>Tax credits for estate income received by beneficiary, etc. Where an executor of an estate administered in Singapore receives income in Singapore from outside Singapore (called in...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr50C-</link><title>Income Tax Act 1947 - 50C Pooling of credits</title><description>Pooling of credits Where, for the year of assessment 2012 or a subsequent year of assessment, a person is entitled to 2 or more tax credits under any other provision of this Part,...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=P116-</link><title>Income Tax Act 1947 - Part 16 RETURNS</title><description>RETURNS</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr65B-</link><title>Income Tax Act 1947 - 65B Power of Comptroller to obtain information</title><description>Power of Comptroller to obtain information The Comptroller or any officer authorised by the Comptroller in that behalf — must at all times have full and free access to all buildin...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr65F-</link><title>Income Tax Act 1947 - 65F Arrest of person</title><description>Arrest of person The Comptroller or a specially authorised officer (called in this section and sections 65G, 65H and 65I an arresting officer) may arrest without warrant any perso...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr68A-</link><title>Income Tax Act 1947 - 68A Duty to collect and retain information of certain persons, etc.</title><description>Duty to collect and retain information of certain persons, etc. The Minister may make rules under section 7 to prescribe a class of persons to whom this section applies. The Compt...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr80-</link><title>Income Tax Act 1947 - 80 Hearing and disposal of appeals</title><description>Hearing and disposal of appeals On receipt of a petition of appeal, the secretary must immediately forward one copy of it to the Comptroller, and must — as soon as possible therea...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr80A-</link><title>Income Tax Act 1947 - 80A Hearing of appeal by committee where member becomes unavailable</title><description>Hearing of appeal by committee where member becomes unavailable This section applies to an appeal before a committee of the Board, and a reference in this section to a member of t...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr81-</link><title>Income Tax Act 1947 - 81 Appeals to General Division of High Court</title><description>Appeals to General Division of High Court Except as provided in this section, the decision of the Board is final. 40/2019 In any case in which the amount of tax payable, tax to be...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr93-</link><title>Income Tax Act 1947 - 93 Repayment of tax</title><description>Repayment of tax If it is proved to the Comptroller’s satisfaction that any person for any year of assessment has paid tax, by deduction or otherwise, in excess of the amount paya...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr96-</link><title>Income Tax Act 1947 - 96 Tax evasion and wilful action to obtain PIC bonus</title><description>Tax evasion and wilful action to obtain PIC bonus Any person who wilfully with intent to evade or to assist any other person to evade tax, or to obtain or to assist any other pers...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr96A-</link><title>Income Tax Act 1947 - 96A Serious fraudulent tax evasion and action to obtain PIC bonus</title><description>Serious fraudulent tax evasion and action to obtain PIC bonus Any person who wilfully with intent to evade or to assist any other person to evade tax, or to obtain or to assist an...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr101-</link><title>Income Tax Act 1947 - 101 Consent for prosecution</title><description>Consent for prosecution No prosecution may be commenced in respect of an offence under section 37L, 37M, 37S, 45(5), 94, 94A, 95, 96, 96A or 105M except at the instance or with th...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr104-</link><title>Income Tax Act 1947 - 104 Admissibility of certain statements and documents as evidence</title><description>Admissibility of certain statements and documents as evidence Statements made or documents produced by or on behalf of any person are not inadmissible in evidence against the pers...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr107-</link><title>Income Tax Act 1947 - 107 Variable capital companies or VCCs</title><description>Variable capital companies or VCCs For the purposes of this Act, and subject to the modifications in this section and the rules under subsection (30), a reference to a company in ...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=Sc3-</link><title>Income Tax Act 1947 - Third Schedule </title><description>PROVISION THAT APPLIES IN PLACE OF SECTION 13W WHERE INCOME IS THAT OF AN UMBRELLA VCC FROM DISPOSAL OF ORDINARY SHARES IN A COMPANY OR VCC Sections 106(1) and 107(17) and (18) Se...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=Sc5-</link><title>Income Tax Act 1947 - Fifth Schedule Child relief</title><description>Sections 39(2) and (2AA), 39A and 106(1) Child relief Subject to the provisions of this Schedule, the allowable deduction to an individual in respect of each of his or her eligibl...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=xv-</link><title>Income Tax Act 1947 - Legislative History</title><description>This Legislative History is provided for the convenience of users of the Income Tax Act. It is not part of the Act. Ordinance 39 of 1947 Income Tax Ordinance 1947 Date of First Re...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr10-</link><title>Income Tax Act 1947 - 10 Charge of income tax</title><description>Charge of income tax Income tax is, subject to the provisions of this Act, payable at the rate or rates specified hereinafter for each year of assessment upon the income of any pe...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr10G-</link><title>Income Tax Act 1947 - 10G Withdrawals from Supplementary Retirement Scheme</title><description>Withdrawals from Supplementary Retirement Scheme Where the amount of withdrawals made by an SRS member from his or her SRS account in any year exceeds the amount the SRS member co...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr13D-</link><title>Income Tax Act 1947 - 13D Exemption of income of prescribed persons arising from funds managed by fund manager in Singapore</title><description>Exemption of income of prescribed persons arising from funds managed by fund manager in Singapore There is exempt from tax such income as the Minister may by regulations prescribe...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr13I-</link><title>Income Tax Act 1947 - 13I Exemption of tax on gains or profits from equity remuneration incentive scheme</title><description>Exemption of tax on gains or profits from equity remuneration incentive scheme Where a qualifying employee derives any gains or profits in any year of assessment, after the expiry...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr13K-</link><title>Income Tax Act 1947 - 13K Exemption of tax on income derived by non‑ordinarily resident individual</title><description>Exemption of tax on income derived by non‑ordinarily resident individual Where an NOR individual is resident in Singapore in any year of assessment within the period he or she is ...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr13O-</link><title>Income Tax Act 1947 - 13O Exemption of income of company incorporated and resident in Singapore arising from funds managed by fund manager in Singapore</title><description>Exemption of income of company incorporated and resident in Singapore arising from funds managed by fund manager in Singapore Subject to such conditions as may be prescribed by re...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr14-</link><title>Income Tax Act 1947 - 14 Deductions allowed</title><description>Deductions allowed For the purpose of ascertaining the income of any person for any period from any source chargeable with tax under this Act (called in this Part the income), the...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr14A-</link><title>Income Tax Act 1947 - 14A Deduction for costs for protecting intellectual property</title><description>Deduction for costs for protecting intellectual property Subject to this section, where a person carrying on a trade or business has incurred — patenting costs during the period f...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr14C-</link><title>Income Tax Act 1947 - 14C Expenditure on research and development</title><description>Expenditure on research and development For the purpose of ascertaining the income of any person carrying on any trade or business and subject to subsection (4), the following exp...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr14D-</link><title>Income Tax Act 1947 - 14D Enhanced deduction for qualifying expenditure on research and development</title><description>Enhanced deduction for qualifying expenditure on research and development Subject to this section, for the purpose of ascertaining the income of a person carrying on any trade or ...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr14E-</link><title>Income Tax Act 1947 - 14E Further deduction for expenditure on research and development project</title><description>Further deduction for expenditure on research and development project Subject to this section, where the Comptroller is satisfied that — a person carrying on any trade or business...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr14EA-</link><title>Income Tax Act 1947 - 14EA Deduction for expenditure incurred on qualifying innovation projects</title><description>Deduction for expenditure incurred on qualifying innovation projects Subject to this section, for the purpose of ascertaining the income of a person carrying on a trade or busines...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr14J-</link><title>Income Tax Act 1947 - 14J Deduction for upfront land premium</title><description>Deduction for upfront land premium Where the Comptroller is satisfied that an upfront land premium has been paid by a lessee to a relevant body in respect of a designated lease fo...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr14L-</link><title>Income Tax Act 1947 - 14L Deduction for treasury shares transferred under employee equity‑based remuneration scheme</title><description>Deduction for treasury shares transferred under employee equity‑based remuneration scheme Where a company transfers, in the basis period for the year of assessment 2007 or any sub...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr14M-</link><title>Income Tax Act 1947 - 14M Deduction for shares transferred by special purpose vehicle under employee equity‑based remuneration scheme</title><description>Deduction for shares transferred by special purpose vehicle under employee equity‑based remuneration scheme Where — a special purpose vehicle has acquired treasury shares or previ...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr14O-</link><title>Income Tax Act 1947 - 14O Deduction for qualifying training expenditure for years of assessment 2011 to 2018</title><description>Deduction for qualifying training expenditure for years of assessment 2011 to 2018 Subject to this section, for the purpose of ascertaining the income of a person carrying on a tr...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr14Q-</link><title>Income Tax Act 1947 - 14Q Deduction for expenditure on leasing of PIC automation equipment under qualifying lease</title><description>Deduction for expenditure on leasing of PIC automation equipment under qualifying lease Subject to this section, for the purpose of ascertaining the income of a person carrying on...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr14T-</link><title>Income Tax Act 1947 - 14T Deduction for expenditure on licensing intellectual property rights</title><description>Deduction for expenditure on licensing intellectual property rights Subject to this section and section 37J, for the purpose of ascertaining the income of a person carrying on a t...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr14U-</link><title>Income Tax Act 1947 - 14U Enhanced deduction for expenditure on licensing intellectual property rights</title><description>Enhanced deduction for expenditure on licensing intellectual property rights Subject to this section, for the purpose of ascertaining the income of a person carrying on a trade or...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr14W-</link><title>Income Tax Act 1947 - 14W Deduction for expenditure incurred by individual in deriving passive rental income in Singapore</title><description>Deduction for expenditure incurred by individual in deriving passive rental income in Singapore This section applies for the purpose of ascertaining an individual’s income for the...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr14Z-</link><title>Income Tax Act 1947 - 14Z Deduction for expenditure for services or secondment to institutions of a public character</title><description>Deduction for expenditure for services or secondment to institutions of a public character Subject to this section, where the Comptroller is satisfied that a qualifying person has...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr14ZG-</link><title>Income Tax Act 1947 - 14ZG Deduction for qualifying training expenditure for years of assessment 2024 to 2028</title><description>Deduction for qualifying training expenditure for years of assessment 2024 to 2028 Subject to this section, for the purpose of ascertaining the income of a person carrying on a tr...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr19-</link><title>Income Tax Act 1947 - 19 Initial and annual allowances for machinery or plant</title><description>Initial and annual allowances for machinery or plant Where a person carrying on a trade, profession or business incurs capital expenditure on the provision of machinery or plant f...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr19A-</link><title>Income Tax Act 1947 - 19A Allowances of 3 years or 2 years write‑off for machinery and plant, and 100% write‑off for computer, prescribed automation equipment and robot, etc.</title><description>Allowances of 3 years or 2 years write‑off for machinery and plant, and 100% write‑off for computer, prescribed automation equipment and robot, etc. Despite section 19, where a pe...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr19B-</link><title>Income Tax Act 1947 - 19B Writing‑down allowances for intellectual property rights</title><description>Writing‑down allowances for intellectual property rights Subject to this section, where a company carrying on a trade or business has incurred on or after capital expenditure in a...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr19D-</link><title>Income Tax Act 1947 - 19D Writing‑down allowance for IRU</title><description>Writing‑down allowance for IRU Subject to this section, where a person carrying on a trade, business or profession has incurred capital expenditure during or after the basis perio...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr19E-</link><title>Income Tax Act 1947 - 19E Use of open‑market price for making allowances under sections 19, 19A and 19D</title><description>Use of open‑market price for making allowances under sections 19, 19A and 19D This section applies for the purpose of making an allowance under section 19, 19A or 19D for capital ...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr20-</link><title>Income Tax Act 1947 - 20 Balancing allowances and charges for machinery or plant</title><description>Balancing allowances and charges for machinery or plant Except as provided in this section, where at any time after the setting up and on or before the permanent discontinuance of...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr23-</link><title>Income Tax Act 1947 - 23 Carry forward of allowances</title><description>Carry forward of allowances Where, in any year of assessment, full effect cannot, by reason of an insufficiency of gains or profits chargeable for that year of assessment, be give...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr34G-</link><title>Income Tax Act 1947 - 34G Modification of provisions for companies redomiciled in Singapore</title><description>Modification of provisions for companies redomiciled in Singapore This section applies to a body corporate incorporated outside Singapore that is registered as a company limited b...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr34H-</link><title>Income Tax Act 1947 - 34H Tax credits for approved redomiciled companies</title><description>Tax credits for approved redomiciled companies This section applies where — an approved redomiciled company has income (called in this section income A) that is chargeable to tax ...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr34I-</link><title>Income Tax Act 1947 - 34I Adjustments arising from adoption of FRS 115 or SFRS(I) 15</title><description>Adjustments arising from adoption of FRS 115 or SFRS(I) 15 This section applies where — a person prepares or maintains the person’s financial accounts for any basis period for a y...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr34J-</link><title>Income Tax Act 1947 - 34J Tax treatment arising from adoption of FRS 116 or SFRS(I) 16</title><description>Tax treatment arising from adoption of FRS 116 or SFRS(I) 16 Where an MSI recipient (called in this section an electing recipient) makes an election in accordance with subsection ...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr36A-</link><title>Income Tax Act 1947 - 36A Limited liability partnership</title><description>Limited liability partnership For the purposes of this Act, where a limited liability partnership carries on a trade, business, profession or vocation — all the activities of the ...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr36C-</link><title>Income Tax Act 1947 - 36C Limited partnership</title><description>Limited partnership For the purposes of this Act, except as otherwise provided — references to a partnership include references to a limited partnership; and references to partner...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr37-</link><title>Income Tax Act 1947 - 37 Assessable income</title><description>Assessable income The assessable income of any person from all sources chargeable with tax under this Act for any year of assessment is the remainder of the person’s statutory inc...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr37A-</link><title>Income Tax Act 1947 - 37A Adjustment of capital allowances, losses or donations between income subject to tax at different rates</title><description>Adjustment of capital allowances, losses or donations between income subject to tax at different rates This section applies where — a company has income subject to tax at differen...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr37B-</link><title>Income Tax Act 1947 - 37B Group relief for Singapore companies</title><description>Group relief for Singapore companies Subject to the provisions of this section, a transferor company may transfer any qualifying deduction for any year of assessment to a claimant...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr37D-</link><title>Income Tax Act 1947 - 37D Carry‑back of capital allowances and losses</title><description>Carry‑back of capital allowances and losses Subject to the provisions of this section, a person may deduct any qualifying deduction for any year of assessment against the person’s...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr37E-</link><title>Income Tax Act 1947 - 37E Carry‑back of capital allowances and losses between spouses</title><description>Carry‑back of capital allowances and losses between spouses Subject to the provisions of this section, an individual may transfer any qualifying deduction for any year of assessme...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr37F-</link><title>Income Tax Act 1947 - 37F Deduction for incremental expenditure on research and development</title><description>Deduction for incremental expenditure on research and development Subject to this section, where any company incurs during the basis period for any year of assessment between the ...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr37G-</link><title>Income Tax Act 1947 - 37G Cash payout under Productivity and Innovation Credit Scheme</title><description>Cash payout under Productivity and Innovation Credit Scheme Subject to this section, where any qualifying person has incurred expenditure — during the basis period relating to the...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr37H-</link><title>Income Tax Act 1947 - 37H Productivity and Innovation Credit bonus</title><description>Productivity and Innovation Credit bonus For each of the years of assessment 2013, 2014 and 2015, a person, being a company or firm (including a partnership) (called in this secti...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr37N-</link><title>Income Tax Act 1947 - 37N Deduction for qualifying investments in qualifying start‑up companies</title><description>Deduction for qualifying investments in qualifying start‑up companies Where an individual proposes to make one or more qualifying investments that complies with subsection (4) in ...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr37O-</link><title>Income Tax Act 1947 - 37O Deduction for acquisition of shares of companies</title><description>Deduction for acquisition of shares of companies Subject to this section, where — a Singapore company (called in this section the acquiring company); any one or more subsidiaries ...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr37Q-</link><title>Income Tax Act 1947 - 37Q Exclusion of expenditure or payment subsidised by capital grant</title><description>Exclusion of expenditure or payment subsidised by capital grant Despite anything in this Act or the Economic Expansion Incentives (Relief from Income Tax) Act 1967, a deduction or...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr37R-</link><title>Income Tax Act 1947 - 37R Cash payout under Enterprise Innovation Scheme</title><description>Cash payout under Enterprise Innovation Scheme Subject to this section, where any eligible person has incurred expenditure during the basis period for any year of assessment betwe...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr43U-</link><title>Income Tax Act 1947 - 43U Concessionary rate of tax for shipping‑related support services</title><description>Concessionary rate of tax for shipping‑related support services Despite section 43, tax at the rate of 10% is to be levied and paid for each year of assessment upon the amount of ...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr43W-</link><title>Income Tax Act 1947 - 43W Concessionary rate of tax for international growth company</title><description>Concessionary rate of tax for international growth company Despite section 43, the Minister may by regulations provide that tax at the rate of 10% is to be levied and paid upon th...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr45E-</link><title>Income Tax Act 1947 - 45E Application of section 45 to withdrawals by non‑citizen SRS members, etc.</title><description>Application of section 45 to withdrawals by non‑citizen SRS members, etc. Subject to subsections (2) and (2A), section 45 applies in relation to — any withdrawal made — under sect...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr45EA-</link><title>Income Tax Act 1947 - 45EA Approval of deduction of investment from SRS account of non‑citizen</title><description>Approval of deduction of investment from SRS account of non‑citizen This section applies to an investment made using funds from an SRS account of an SRS member who is not a citize...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr49-</link><title>Income Tax Act 1947 - 49 Avoidance of double taxation arrangements</title><description>Avoidance of double taxation arrangements If the Minister by order declares that arrangements specified in the order have been made with the government of any country outside Sing...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr81-</link><title>Income Tax Act 1947 - 81 Appeals to General Division of High Court</title><description>Appeals to General Division of High Court Except as provided in this section, the decision of the Board is final. 40/2019 In any case in which the amount of tax payable, tax to be...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr107-</link><title>Income Tax Act 1947 - 107 Variable capital companies or VCCs</title><description>Variable capital companies or VCCs For the purposes of this Act, and subject to the modifications in this section and the rules under subsection (30), a reference to a company in ...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=Sc3-</link><title>Income Tax Act 1947 - Third Schedule </title><description>PROVISION THAT APPLIES IN PLACE OF SECTION 13W WHERE INCOME IS THAT OF AN UMBRELLA VCC FROM DISPOSAL OF ORDINARY SHARES IN A COMPANY OR VCC Sections 106(1) and 107(17) and (18) Se...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=xv-</link><title>Income Tax Act 1947 - Legislative History</title><description>This Legislative History is provided for the convenience of users of the Income Tax Act. It is not part of the Act. Ordinance 39 of 1947 Income Tax Ordinance 1947 Date of First Re...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr13-</link><title>Income Tax Act 1947 - 13 Exempt income</title><description>Exempt income There is exempt from tax — subject to subsection (2) and such conditions as may be prescribed by regulations, the interest derived from — any qualifying debt securit...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=P19-</link><title>Income Tax Act 1947 - Part 9 ASCERTAINMENT OF ASSESSABLE INCOME</title><description>ASCERTAINMENT OF ASSESSABLE INCOME</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr43X-</link><title>Income Tax Act 1947 - 43X Concessionary rate of tax for intellectual property income</title><description>Concessionary rate of tax for intellectual property income Despite section 43 and subject to this section, the concessionary rate of tax under subsection (5) applies for each year...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr10B-</link><title>Income Tax Act 1947 - 10B Excess provident fund contributions, etc., deemed to be income</title><description>Excess provident fund contributions, etc., deemed to be income Despite section 13(1)(j ), where in any year, contributions have been made by an employer in respect of an employee ...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr14G-</link><title>Income Tax Act 1947 - 14G Provisions by banks and qualifying finance companies for doubtful debts and diminution in value of investments</title><description>Provisions by banks and qualifying finance companies for doubtful debts and diminution in value of investments Subject to this section, for the purpose of ascertaining the income ...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr14N-</link><title>Income Tax Act 1947 - 14N Deduction for renovation or refurbishment expenditure</title><description>Deduction for renovation or refurbishment expenditure Subject to this section, where any person carrying on a trade, profession or business has incurred on or after expenditure on...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr15-</link><title>Income Tax Act 1947 - 15 Deductions not allowed</title><description>Deductions not allowed Despite the provisions of this Act, for the purpose of ascertaining the income of any person, no deduction is allowed in respect of — domestic or private ex...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr34AA-</link><title>Income Tax Act 1947 - 34AA Adjustment on change of basis of computing profits of financial instruments resulting from FRS 109 or SFRS(I) 9</title><description>Adjustment on change of basis of computing profits of financial instruments resulting from FRS 109 or SFRS(I) 9 Despite the provisions of this Act but subject to section 34G(3), (...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr35-</link><title>Income Tax Act 1947 - 35 Basis for computing statutory income</title><description>Basis for computing statutory income Except as provided in this section, the income of any person for each year of assessment (called in this Act the statutory income) is the full...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr39-</link><title>Income Tax Act 1947 - 39 Relief and deduction for resident individual</title><description>Relief and deduction for resident individual In the case of an individual resident in Singapore in the year of assessment, there is allowed a deduction, in respect of earned incom...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr43H-</link><title>Income Tax Act 1947 - 43H Concessionary rate of tax for income derived from debt securities</title><description>Concessionary rate of tax for income derived from debt securities Despite section 43, the Minister may by regulations provide that tax at the rate of 10% is to be levied and paid ...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr45A-</link><title>Income Tax Act 1947 - 45A Application of section 45 to royalties, management fees, etc.</title><description>Application of section 45 to royalties, management fees, etc. Section 45(1) to (8) applies in relation to the payment of any income referred to in section 12(6) or (7) by any pers...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr80-</link><title>Income Tax Act 1947 - 80 Hearing and disposal of appeals</title><description>Hearing and disposal of appeals On receipt of a petition of appeal, the secretary must immediately forward one copy of it to the Comptroller, and must — as soon as possible therea...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr93-</link><title>Income Tax Act 1947 - 93 Repayment of tax</title><description>Repayment of tax If it is proved to the Comptroller’s satisfaction that any person for any year of assessment has paid tax, by deduction or otherwise, in excess of the amount paya...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=Sc5-</link><title>Income Tax Act 1947 - Fifth Schedule Child relief</title><description>Sections 39(2) and (2AA), 39A and 106(1) Child relief Subject to the provisions of this Schedule, the allowable deduction to an individual in respect of each of his or her eligibl...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr2-</link><title>Income Tax Act 1947 - 2 Interpretation</title><description>Interpretation 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...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr8A-</link><title>Income Tax Act 1947 - 8A Electronic service</title><description>Electronic service The Comptroller may provide an electronic service for — the filing or submission of any return, estimate, statement or document, and the provision of any inform...</description><pubDate>Mon, 30 Oct 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr10-</link><title>Income Tax Act 1947 - 10 Charge of income tax</title><description>Charge of income tax Income tax is, subject to the provisions of this Act, payable at the rate or rates specified hereinafter for each year of assessment upon the income of any pe...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr10B-</link><title>Income Tax Act 1947 - 10B Excess provident fund contributions, etc., deemed to be income</title><description>Excess provident fund contributions, etc., deemed to be income Despite section 13(1)(j ), where in any year, contributions have been made by an employer in respect of an employee ...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr10G-</link><title>Income Tax Act 1947 - 10G Withdrawals from Supplementary Retirement Scheme</title><description>Withdrawals from Supplementary Retirement Scheme Where the amount of withdrawals made by an SRS member from his or her SRS account in any year exceeds the amount the SRS member co...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr13D-</link><title>Income Tax Act 1947 - 13D Exemption of income of prescribed persons arising from funds managed by fund manager in Singapore</title><description>Exemption of income of prescribed persons arising from funds managed by fund manager in Singapore There is exempt from tax such income as the Minister may by regulations prescribe...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr13I-</link><title>Income Tax Act 1947 - 13I Exemption of tax on gains or profits from equity remuneration incentive scheme</title><description>Exemption of tax on gains or profits from equity remuneration incentive scheme Where a qualifying employee derives any gains or profits in any year of assessment, after the expiry...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr13K-</link><title>Income Tax Act 1947 - 13K Exemption of tax on income derived by non‑ordinarily resident individual</title><description>Exemption of tax on income derived by non‑ordinarily resident individual Where an NOR individual is resident in Singapore in any year of assessment within the period he or she is ...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr13O-</link><title>Income Tax Act 1947 - 13O Exemption of income of company incorporated and resident in Singapore arising from funds managed by fund manager in Singapore</title><description>Exemption of income of company incorporated and resident in Singapore arising from funds managed by fund manager in Singapore Subject to such conditions as may be prescribed by re...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr14-</link><title>Income Tax Act 1947 - 14 Deductions allowed</title><description>Deductions allowed For the purpose of ascertaining the income of any person for any period from any source chargeable with tax under this Act (called in this Part the income), the...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr14A-</link><title>Income Tax Act 1947 - 14A Deduction for costs for protecting intellectual property</title><description>Deduction for costs for protecting intellectual property Subject to this section, where a person carrying on a trade or business has incurred — patenting costs during the period f...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr14C-</link><title>Income Tax Act 1947 - 14C Expenditure on research and development</title><description>Expenditure on research and development For the purpose of ascertaining the income of any person carrying on any trade or business and subject to subsection (4), the following exp...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr14D-</link><title>Income Tax Act 1947 - 14D Enhanced deduction for qualifying expenditure on research and development</title><description>Enhanced deduction for qualifying expenditure on research and development Subject to this section, for the purpose of ascertaining the income of a person carrying on any trade or ...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr14E-</link><title>Income Tax Act 1947 - 14E Further deduction for expenditure on research and development project</title><description>Further deduction for expenditure on research and development project Subject to this section, where the Comptroller is satisfied that — a person carrying on any trade or business...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr14J-</link><title>Income Tax Act 1947 - 14J Deduction for upfront land premium</title><description>Deduction for upfront land premium Where the Comptroller is satisfied that an upfront land premium has been paid by a lessee to a relevant body in respect of a designated lease fo...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr14L-</link><title>Income Tax Act 1947 - 14L Deduction for treasury shares transferred under employee equity‑based remuneration scheme</title><description>Deduction for treasury shares transferred under employee equity‑based remuneration scheme Where a company transfers, in the basis period for the year of assessment 2007 or any sub...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr14M-</link><title>Income Tax Act 1947 - 14M Deduction for shares transferred by special purpose vehicle under employee equity‑based remuneration scheme</title><description>Deduction for shares transferred by special purpose vehicle under employee equity‑based remuneration scheme Where — a special purpose vehicle has acquired treasury shares or previ...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr14O-</link><title>Income Tax Act 1947 - 14O Deduction for qualifying training expenditure</title><description>Deduction for qualifying training expenditure Subject to this section, for the purpose of ascertaining the income of a person carrying on a trade or business during the basis peri...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr14Q-</link><title>Income Tax Act 1947 - 14Q Deduction for expenditure on leasing of PIC automation equipment under qualifying lease</title><description>Deduction for expenditure on leasing of PIC automation equipment under qualifying lease Subject to this section, for the purpose of ascertaining the income of a person carrying on...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr14T-</link><title>Income Tax Act 1947 - 14T Deduction for expenditure on licensing intellectual property rights</title><description>Deduction for expenditure on licensing intellectual property rights Subject to this section and section 37J, for the purpose of ascertaining the income of a person carrying on a t...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr14W-</link><title>Income Tax Act 1947 - 14W Deduction for expenditure incurred by individual in deriving passive rental income in Singapore</title><description>Deduction for expenditure incurred by individual in deriving passive rental income in Singapore This section applies for the purpose of ascertaining an individual’s income for the...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr14Z-</link><title>Income Tax Act 1947 - 14Z Deduction for expenditure for services or secondment to institutions of a public character</title><description>Deduction for expenditure for services or secondment to institutions of a public character Subject to this section, where the Comptroller is satisfied that a qualifying person has...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr19-</link><title>Income Tax Act 1947 - 19 Initial and annual allowances for machinery or plant</title><description>Initial and annual allowances for machinery or plant Where a person carrying on a trade, profession or business incurs capital expenditure on the provision of machinery or plant f...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr19A-</link><title>Income Tax Act 1947 - 19A Allowances of 3 years or 2 years write‑off for machinery and plant, and 100% write‑off for computer, prescribed automation equipment and robot, etc.</title><description>Allowances of 3 years or 2 years write‑off for machinery and plant, and 100% write‑off for computer, prescribed automation equipment and robot, etc. Despite section 19, where a pe...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr19B-</link><title>Income Tax Act 1947 - 19B Writing‑down allowances for intellectual property rights</title><description>Writing‑down allowances for intellectual property rights Subject to this section, where a company carrying on a trade or business has incurred on or after capital expenditure in a...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr19D-</link><title>Income Tax Act 1947 - 19D Writing‑down allowance for IRU</title><description>Writing‑down allowance for IRU Subject to this section, where a person carrying on a trade, business or profession has incurred capital expenditure during or after the basis perio...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr19E-</link><title>Income Tax Act 1947 - 19E Use of open‑market price for making allowances under sections 19, 19A and 19D</title><description>Use of open‑market price for making allowances under sections 19, 19A and 19D This section applies for the purpose of making an allowance under section 19, 19A or 19D for capital ...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr20-</link><title>Income Tax Act 1947 - 20 Balancing allowances and charges for machinery or plant</title><description>Balancing allowances and charges for machinery or plant Except as provided in this section, where at any time after the setting up and on or before the permanent discontinuance of...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr23-</link><title>Income Tax Act 1947 - 23 Carry forward of allowances</title><description>Carry forward of allowances Where, in any year of assessment, full effect cannot, by reason of an insufficiency of gains or profits chargeable for that year of assessment, be give...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr34G-</link><title>Income Tax Act 1947 - 34G Modification of provisions for companies redomiciled in Singapore</title><description>Modification of provisions for companies redomiciled in Singapore This section applies to a body corporate incorporated outside Singapore that is registered as a company limited b...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr34H-</link><title>Income Tax Act 1947 - 34H Tax credits for approved redomiciled companies</title><description>Tax credits for approved redomiciled companies This section applies where — an approved redomiciled company has income (called in this section income A) that is chargeable to tax ...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr34I-</link><title>Income Tax Act 1947 - 34I Adjustments arising from adoption of FRS 115 or SFRS(I) 15</title><description>Adjustments arising from adoption of FRS 115 or SFRS(I) 15 This section applies where — a person prepares or maintains the person’s financial accounts for any basis period for a y...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr34J-</link><title>Income Tax Act 1947 - 34J Tax treatment arising from adoption of FRS 116 or SFRS(I) 16</title><description>Tax treatment arising from adoption of FRS 116 or SFRS(I) 16 Where an MSI recipient (called in this section an electing recipient) makes an election in accordance with subsection ...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr36A-</link><title>Income Tax Act 1947 - 36A Limited liability partnership</title><description>Limited liability partnership For the purposes of this Act, where a limited liability partnership carries on a trade, business, profession or vocation — all the activities of the ...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr36C-</link><title>Income Tax Act 1947 - 36C Limited partnership</title><description>Limited partnership For the purposes of this Act, except as otherwise provided — references to a partnership include references to a limited partnership; and references to partner...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr37-</link><title>Income Tax Act 1947 - 37 Assessable income</title><description>Assessable income The assessable income of any person from all sources chargeable with tax under this Act for any year of assessment is the remainder of the person’s statutory inc...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr37A-</link><title>Income Tax Act 1947 - 37A Adjustment of capital allowances, losses or donations between income subject to tax at different rates</title><description>Adjustment of capital allowances, losses or donations between income subject to tax at different rates This section applies where — a company has income subject to tax at differen...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr37B-</link><title>Income Tax Act 1947 - 37B Group relief for Singapore companies</title><description>Group relief for Singapore companies Subject to the provisions of this section, a transferor company may transfer any qualifying deduction for any year of assessment to a claimant...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr37D-</link><title>Income Tax Act 1947 - 37D Carry‑back of capital allowances and losses</title><description>Carry‑back of capital allowances and losses Subject to the provisions of this section, a person may deduct any qualifying deduction for any year of assessment against the person’s...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr37E-</link><title>Income Tax Act 1947 - 37E Carry‑back of capital allowances and losses between spouses</title><description>Carry‑back of capital allowances and losses between spouses Subject to the provisions of this section, an individual may transfer any qualifying deduction for any year of assessme...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr37F-</link><title>Income Tax Act 1947 - 37F Deduction for incremental expenditure on research and development</title><description>Deduction for incremental expenditure on research and development Subject to this section, where any company incurs during the basis period for any year of assessment between the ...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr37G-</link><title>Income Tax Act 1947 - 37G Cash payout under Productivity and Innovation Credit Scheme</title><description>Cash payout under Productivity and Innovation Credit Scheme Subject to this section, where any qualifying person has incurred expenditure — during the basis period relating to the...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr37H-</link><title>Income Tax Act 1947 - 37H Productivity and Innovation Credit bonus</title><description>Productivity and Innovation Credit bonus For each of the years of assessment 2013, 2014 and 2015, a person, being a company or firm (including a partnership) (called in this secti...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr37N-</link><title>Income Tax Act 1947 - 37N Deduction for qualifying investments in qualifying start‑up companies</title><description>Deduction for qualifying investments in qualifying start‑up companies Where an individual proposes to make one or more qualifying investments that complies with subsection (4) in ...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr37O-</link><title>Income Tax Act 1947 - 37O Deduction for acquisition of shares of companies</title><description>Deduction for acquisition of shares of companies Subject to this section, where — a Singapore company (called in this section the acquiring company); any one or more subsidiaries ...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr43U-</link><title>Income Tax Act 1947 - 43U Concessionary rate of tax for shipping‑related support services</title><description>Concessionary rate of tax for shipping‑related support services Despite section 43, tax at the rate of 10% is to be levied and paid for each year of assessment upon the amount of ...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr43W-</link><title>Income Tax Act 1947 - 43W Concessionary rate of tax for international growth company</title><description>Concessionary rate of tax for international growth company Despite section 43, the Minister may by regulations provide that tax at the rate of 10% is to be levied and paid upon th...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr45E-</link><title>Income Tax Act 1947 - 45E Application of section 45 to withdrawals by non‑citizen SRS members, etc.</title><description>Application of section 45 to withdrawals by non‑citizen SRS members, etc. Subject to subsections (2) and (2A), section 45 applies in relation to — any withdrawal made — under sect...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr45EA-</link><title>Income Tax Act 1947 - 45EA Approval of deduction of investment from SRS account of non‑citizen</title><description>Approval of deduction of investment from SRS account of non‑citizen This section applies to an investment made using funds from an SRS account of an SRS member who is not a citize...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr49-</link><title>Income Tax Act 1947 - 49 Avoidance of double taxation arrangements</title><description>Avoidance of double taxation arrangements If the Minister by order declares that arrangements specified in the order have been made with the government of any country outside Sing...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr81-</link><title>Income Tax Act 1947 - 81 Appeals to General Division of High Court</title><description>Appeals to General Division of High Court Except as provided in this section, the decision of the Board is final. 40/2019 In any case in which the amount of tax payable, tax to be...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr107-</link><title>Income Tax Act 1947 - 107 Variable capital companies or VCCs</title><description>Variable capital companies or VCCs For the purposes of this Act, and subject to the modifications in this section and the rules under subsection (30), a reference to a company in ...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=Sc3-</link><title>Income Tax Act 1947 - Third Schedule </title><description>PROVISION THAT APPLIES IN PLACE OF SECTION 13W WHERE INCOME IS THAT OF AN UMBRELLA VCC FROM DISPOSAL OF ORDINARY SHARES IN A COMPANY OR VCC Sections 106(1) and 107(17) and (18) Se...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=xv-</link><title>Income Tax Act 1947 - Legislative History</title><description>This Legislative History is provided for the convenience of users of the Income Tax Act. It is not part of the Act. Ordinance 39 of 1947 Income Tax Ordinance 1947 Date of First Re...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr10-</link><title>Income Tax Act 1947 - 10 Charge of income tax</title><description>Charge of income tax Income tax is, subject to the provisions of this Act, payable at the rate or rates specified hereinafter for each year of assessment upon the income of any pe...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr10B-</link><title>Income Tax Act 1947 - 10B Excess provident fund contributions, etc., deemed to be income</title><description>Excess provident fund contributions, etc., deemed to be income Despite section 13(1)(j ), where in any year, contributions have been made by an employer in respect of an employee ...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr10G-</link><title>Income Tax Act 1947 - 10G Withdrawals from Supplementary Retirement Scheme</title><description>Withdrawals from Supplementary Retirement Scheme Where the amount of withdrawals made by an SRS member from his or her SRS account in any year exceeds the amount the SRS member co...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr13D-</link><title>Income Tax Act 1947 - 13D Exemption of income of prescribed persons arising from funds managed by fund manager in Singapore</title><description>Exemption of income of prescribed persons arising from funds managed by fund manager in Singapore There is exempt from tax such income as the Minister may by regulations prescribe...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr13I-</link><title>Income Tax Act 1947 - 13I Exemption of tax on gains or profits from equity remuneration incentive scheme</title><description>Exemption of tax on gains or profits from equity remuneration incentive scheme Where a qualifying employee derives any gains or profits in any year of assessment, after the expiry...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr13K-</link><title>Income Tax Act 1947 - 13K Exemption of tax on income derived by non‑ordinarily resident individual</title><description>Exemption of tax on income derived by non‑ordinarily resident individual Where an NOR individual is resident in Singapore in any year of assessment within the period he or she is ...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr13O-</link><title>Income Tax Act 1947 - 13O Exemption of income of company incorporated and resident in Singapore arising from funds managed by fund manager in Singapore</title><description>Exemption of income of company incorporated and resident in Singapore arising from funds managed by fund manager in Singapore Subject to such conditions as may be prescribed by re...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr14-</link><title>Income Tax Act 1947 - 14 Deductions allowed</title><description>Deductions allowed For the purpose of ascertaining the income of any person for any period from any source chargeable with tax under this Act (called in this Part the income), the...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr14A-</link><title>Income Tax Act 1947 - 14A Deduction for costs for protecting intellectual property</title><description>Deduction for costs for protecting intellectual property Subject to this section, where a person carrying on a trade or business has incurred — patenting costs during the period f...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr14C-</link><title>Income Tax Act 1947 - 14C Expenditure on research and development</title><description>Expenditure on research and development For the purpose of ascertaining the income of any person carrying on any trade or business and subject to subsection (4), the following exp...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr14D-</link><title>Income Tax Act 1947 - 14D Enhanced deduction for qualifying expenditure on research and development</title><description>Enhanced deduction for qualifying expenditure on research and development Subject to this section, for the purpose of ascertaining the income of a person carrying on any trade or ...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr14E-</link><title>Income Tax Act 1947 - 14E Further deduction for expenditure on research and development project</title><description>Further deduction for expenditure on research and development project Subject to this section, where the Comptroller is satisfied that — a person carrying on any trade or business...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr14J-</link><title>Income Tax Act 1947 - 14J Deduction for upfront land premium</title><description>Deduction for upfront land premium Where the Comptroller is satisfied that an upfront land premium has been paid by a lessee to a relevant body in respect of a designated lease fo...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr14L-</link><title>Income Tax Act 1947 - 14L Deduction for treasury shares transferred under employee equity‑based remuneration scheme</title><description>Deduction for treasury shares transferred under employee equity‑based remuneration scheme Where a company transfers, in the basis period for the year of assessment 2007 or any sub...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr14M-</link><title>Income Tax Act 1947 - 14M Deduction for shares transferred by special purpose vehicle under employee equity‑based remuneration scheme</title><description>Deduction for shares transferred by special purpose vehicle under employee equity‑based remuneration scheme Where — a special purpose vehicle has acquired treasury shares or previ...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr14O-</link><title>Income Tax Act 1947 - 14O Deduction for qualifying training expenditure</title><description>Deduction for qualifying training expenditure Subject to this section, for the purpose of ascertaining the income of a person carrying on a trade or business during the basis peri...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr14Q-</link><title>Income Tax Act 1947 - 14Q Deduction for expenditure on leasing of PIC automation equipment under qualifying lease</title><description>Deduction for expenditure on leasing of PIC automation equipment under qualifying lease Subject to this section, for the purpose of ascertaining the income of a person carrying on...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr14T-</link><title>Income Tax Act 1947 - 14T Deduction for expenditure on licensing intellectual property rights</title><description>Deduction for expenditure on licensing intellectual property rights Subject to this section and section 37J, for the purpose of ascertaining the income of a person carrying on a t...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr14W-</link><title>Income Tax Act 1947 - 14W Deduction for expenditure incurred by individual in deriving passive rental income in Singapore</title><description>Deduction for expenditure incurred by individual in deriving passive rental income in Singapore This section applies for the purpose of ascertaining an individual’s income for the...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr14Z-</link><title>Income Tax Act 1947 - 14Z Deduction for expenditure for services or secondment to institutions of a public character</title><description>Deduction for expenditure for services or secondment to institutions of a public character Subject to this section, where the Comptroller is satisfied that a qualifying person has...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr19-</link><title>Income Tax Act 1947 - 19 Initial and annual allowances for machinery or plant</title><description>Initial and annual allowances for machinery or plant Where a person carrying on a trade, profession or business incurs capital expenditure on the provision of machinery or plant f...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr19A-</link><title>Income Tax Act 1947 - 19A Allowances of 3 years or 2 years write‑off for machinery and plant, and 100% write‑off for computer, prescribed automation equipment and robot, etc.</title><description>Allowances of 3 years or 2 years write‑off for machinery and plant, and 100% write‑off for computer, prescribed automation equipment and robot, etc. Despite section 19, where a pe...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr19B-</link><title>Income Tax Act 1947 - 19B Writing‑down allowances for intellectual property rights</title><description>Writing‑down allowances for intellectual property rights Subject to this section, where a company carrying on a trade or business has incurred on or after capital expenditure in a...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr19D-</link><title>Income Tax Act 1947 - 19D Writing‑down allowance for IRU</title><description>Writing‑down allowance for IRU Subject to this section, where a person carrying on a trade, business or profession has incurred capital expenditure during or after the basis perio...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr19E-</link><title>Income Tax Act 1947 - 19E Use of open‑market price for making allowances under sections 19, 19A and 19D</title><description>Use of open‑market price for making allowances under sections 19, 19A and 19D This section applies for the purpose of making an allowance under section 19, 19A or 19D for capital ...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr20-</link><title>Income Tax Act 1947 - 20 Balancing allowances and charges for machinery or plant</title><description>Balancing allowances and charges for machinery or plant Except as provided in this section, where at any time after the setting up and on or before the permanent discontinuance of...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr23-</link><title>Income Tax Act 1947 - 23 Carry forward of allowances</title><description>Carry forward of allowances Where, in any year of assessment, full effect cannot, by reason of an insufficiency of gains or profits chargeable for that year of assessment, be give...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr34G-</link><title>Income Tax Act 1947 - 34G Modification of provisions for companies redomiciled in Singapore</title><description>Modification of provisions for companies redomiciled in Singapore This section applies to a body corporate incorporated outside Singapore that is registered as a company limited b...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr34H-</link><title>Income Tax Act 1947 - 34H Tax credits for approved redomiciled companies</title><description>Tax credits for approved redomiciled companies This section applies where — an approved redomiciled company has income (called in this section income A) that is chargeable to tax ...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr34I-</link><title>Income Tax Act 1947 - 34I Adjustments arising from adoption of FRS 115 or SFRS(I) 15</title><description>Adjustments arising from adoption of FRS 115 or SFRS(I) 15 This section applies where — a person prepares or maintains the person’s financial accounts for any basis period for a y...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr34J-</link><title>Income Tax Act 1947 - 34J Tax treatment arising from adoption of FRS 116 or SFRS(I) 16</title><description>Tax treatment arising from adoption of FRS 116 or SFRS(I) 16 Where an MSI recipient (called in this section an electing recipient) makes an election in accordance with subsection ...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr36A-</link><title>Income Tax Act 1947 - 36A Limited liability partnership</title><description>Limited liability partnership For the purposes of this Act, where a limited liability partnership carries on a trade, business, profession or vocation — all the activities of the ...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr36C-</link><title>Income Tax Act 1947 - 36C Limited partnership</title><description>Limited partnership For the purposes of this Act, except as otherwise provided — references to a partnership include references to a limited partnership; and references to partner...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr37-</link><title>Income Tax Act 1947 - 37 Assessable income</title><description>Assessable income The assessable income of any person from all sources chargeable with tax under this Act for any year of assessment is the remainder of the person’s statutory inc...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr37A-</link><title>Income Tax Act 1947 - 37A Adjustment of capital allowances, losses or donations between income subject to tax at different rates</title><description>Adjustment of capital allowances, losses or donations between income subject to tax at different rates This section applies where — a company has income subject to tax at differen...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr37B-</link><title>Income Tax Act 1947 - 37B Group relief for Singapore companies</title><description>Group relief for Singapore companies Subject to the provisions of this section, a transferor company may transfer any qualifying deduction for any year of assessment to a claimant...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr37D-</link><title>Income Tax Act 1947 - 37D Carry‑back of capital allowances and losses</title><description>Carry‑back of capital allowances and losses Subject to the provisions of this section, a person may deduct any qualifying deduction for any year of assessment against the person’s...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr37E-</link><title>Income Tax Act 1947 - 37E Carry‑back of capital allowances and losses between spouses</title><description>Carry‑back of capital allowances and losses between spouses Subject to the provisions of this section, an individual may transfer any qualifying deduction for any year of assessme...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr37F-</link><title>Income Tax Act 1947 - 37F Deduction for incremental expenditure on research and development</title><description>Deduction for incremental expenditure on research and development Subject to this section, where any company incurs during the basis period for any year of assessment between the ...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr37G-</link><title>Income Tax Act 1947 - 37G Cash payout under Productivity and Innovation Credit Scheme</title><description>Cash payout under Productivity and Innovation Credit Scheme Subject to this section, where any qualifying person has incurred expenditure — during the basis period relating to the...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr37H-</link><title>Income Tax Act 1947 - 37H Productivity and Innovation Credit bonus</title><description>Productivity and Innovation Credit bonus For each of the years of assessment 2013, 2014 and 2015, a person, being a company or firm (including a partnership) (called in this secti...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr37N-</link><title>Income Tax Act 1947 - 37N Deduction for qualifying investments in qualifying start‑up companies</title><description>Deduction for qualifying investments in qualifying start‑up companies Where an individual proposes to make one or more qualifying investments that complies with subsection (4) in ...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr37O-</link><title>Income Tax Act 1947 - 37O Deduction for acquisition of shares of companies</title><description>Deduction for acquisition of shares of companies Subject to this section, where — a Singapore company (called in this section the acquiring company); any one or more subsidiaries ...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr43U-</link><title>Income Tax Act 1947 - 43U Concessionary rate of tax for shipping‑related support services</title><description>Concessionary rate of tax for shipping‑related support services Despite section 43, tax at the rate of 10% is to be levied and paid for each year of assessment upon the amount of ...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr43W-</link><title>Income Tax Act 1947 - 43W Concessionary rate of tax for international growth company</title><description>Concessionary rate of tax for international growth company Despite section 43, the Minister may by regulations provide that tax at the rate of 10% is to be levied and paid upon th...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr45E-</link><title>Income Tax Act 1947 - 45E Application of section 45 to withdrawals by non‑citizen SRS members, etc.</title><description>Application of section 45 to withdrawals by non‑citizen SRS members, etc. Subject to subsections (2) and (2A), section 45 applies in relation to — any withdrawal made — under sect...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr45EA-</link><title>Income Tax Act 1947 - 45EA Approval of deduction of investment from SRS account of non‑citizen</title><description>Approval of deduction of investment from SRS account of non‑citizen This section applies to an investment made using funds from an SRS account of an SRS member who is not a citize...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr49-</link><title>Income Tax Act 1947 - 49 Avoidance of double taxation arrangements</title><description>Avoidance of double taxation arrangements If the Minister by order declares that arrangements specified in the order have been made with the government of any country outside Sing...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr81-</link><title>Income Tax Act 1947 - 81 Appeals to General Division of High Court</title><description>Appeals to General Division of High Court Except as provided in this section, the decision of the Board is final. 40/2019 In any case in which the amount of tax payable, tax to be...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr107-</link><title>Income Tax Act 1947 - 107 Variable capital companies or VCCs</title><description>Variable capital companies or VCCs For the purposes of this Act, and subject to the modifications in this section and the rules under subsection (30), a reference to a company in ...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=Sc3-</link><title>Income Tax Act 1947 - Third Schedule </title><description>PROVISION THAT APPLIES IN PLACE OF SECTION 13W WHERE INCOME IS THAT OF AN UMBRELLA VCC FROM DISPOSAL OF ORDINARY SHARES IN A COMPANY OR VCC Sections 106(1) and 107(17) and (18) Se...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=xv-</link><title>Income Tax Act 1947 - Legislative History</title><description>This Legislative History is provided for the convenience of users of the Income Tax Act. It is not part of the Act. Ordinance 39 of 1947 Income Tax Ordinance 1947 Date of First Re...</description><pubDate>Fri, 01 Sep 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr10-</link><title>Income Tax Act 1947 - 10 Charge of income tax</title><description>Charge of income tax Income tax is, subject to the provisions of this Act, payable at the rate or rates specified hereinafter for each year of assessment upon the income of any pe...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr10G-</link><title>Income Tax Act 1947 - 10G Withdrawals from Supplementary Retirement Scheme</title><description>Withdrawals from Supplementary Retirement Scheme Where the amount of withdrawals made by an SRS member from his or her SRS account in any year exceeds the amount the SRS member co...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240416?ValidDate=20240416&amp;ProvIds=pr10I-</link><title>Income Tax Act 1947 - 10I Additional Tier 1 capital instruments</title><description>Additional Tier 1 capital instruments Any distribution that is liable to be made in respect of an AT1 instrument in the basis period for the year of assessment 2015 or a subsequen...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr13D-</link><title>Income Tax Act 1947 - 13D Exemption of income of prescribed persons arising from funds managed by fund manager in Singapore</title><description>Exemption of income of prescribed persons arising from funds managed by fund manager in Singapore There is exempt from tax such income as the Minister may by regulations prescribe...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr13I-</link><title>Income Tax Act 1947 - 13I Exemption of tax on gains or profits from equity remuneration incentive scheme</title><description>Exemption of tax on gains or profits from equity remuneration incentive scheme Where a qualifying employee derives any gains or profits in any year of assessment, after the expiry...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr13K-</link><title>Income Tax Act 1947 - 13K Exemption of tax on income derived by non‑ordinarily resident individual</title><description>Exemption of tax on income derived by non‑ordinarily resident individual Where an NOR individual is resident in Singapore in any year of assessment within the period he or she is ...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr13O-</link><title>Income Tax Act 1947 - 13O Exemption of income of company incorporated and resident in Singapore arising from funds managed by fund manager in Singapore</title><description>Exemption of income of company incorporated and resident in Singapore arising from funds managed by fund manager in Singapore Subject to such conditions as may be prescribed by re...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr14-</link><title>Income Tax Act 1947 - 14 Deductions allowed</title><description>Deductions allowed For the purpose of ascertaining the income of any person for any period from any source chargeable with tax under this Act (called in this Part the income), the...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr14A-</link><title>Income Tax Act 1947 - 14A Deduction for costs for protecting intellectual property</title><description>Deduction for costs for protecting intellectual property Subject to this section, where a person carrying on a trade or business has incurred — patenting costs during the period f...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr14C-</link><title>Income Tax Act 1947 - 14C Expenditure on research and development</title><description>Expenditure on research and development For the purpose of ascertaining the income of any person carrying on any trade or business and subject to subsection (4), the following exp...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr14D-</link><title>Income Tax Act 1947 - 14D Enhanced deduction for qualifying expenditure on research and development</title><description>Enhanced deduction for qualifying expenditure on research and development Subject to this section, for the purpose of ascertaining the income of a person carrying on any trade or ...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr14E-</link><title>Income Tax Act 1947 - 14E Further deduction for expenditure on research and development project</title><description>Further deduction for expenditure on research and development project Subject to this section, where the Comptroller is satisfied that — a person carrying on any trade or business...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr14J-</link><title>Income Tax Act 1947 - 14J Deduction for upfront land premium</title><description>Deduction for upfront land premium Where the Comptroller is satisfied that an upfront land premium has been paid by a lessee to a relevant body in respect of a designated lease fo...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr14L-</link><title>Income Tax Act 1947 - 14L Deduction for treasury shares transferred under employee equity‑based remuneration scheme</title><description>Deduction for treasury shares transferred under employee equity‑based remuneration scheme Where a company transfers, in the basis period for the year of assessment 2007 or any sub...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr14M-</link><title>Income Tax Act 1947 - 14M Deduction for shares transferred by special purpose vehicle under employee equity‑based remuneration scheme</title><description>Deduction for shares transferred by special purpose vehicle under employee equity‑based remuneration scheme Where — a special purpose vehicle has acquired treasury shares or previ...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr14O-</link><title>Income Tax Act 1947 - 14O Deduction for qualifying training expenditure</title><description>Deduction for qualifying training expenditure Subject to this section, for the purpose of ascertaining the income of a person carrying on a trade or business during the basis peri...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr14Q-</link><title>Income Tax Act 1947 - 14Q Deduction for expenditure on leasing of PIC automation equipment under qualifying lease</title><description>Deduction for expenditure on leasing of PIC automation equipment under qualifying lease Subject to this section, for the purpose of ascertaining the income of a person carrying on...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr14T-</link><title>Income Tax Act 1947 - 14T Deduction for expenditure on licensing intellectual property rights</title><description>Deduction for expenditure on licensing intellectual property rights Subject to this section and section 37J, for the purpose of ascertaining the income of a person carrying on a t...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr14W-</link><title>Income Tax Act 1947 - 14W Deduction for expenditure incurred by individual in deriving passive rental income in Singapore</title><description>Deduction for expenditure incurred by individual in deriving passive rental income in Singapore This section applies for the purpose of ascertaining an individual’s income for the...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr14Z-</link><title>Income Tax Act 1947 - 14Z Deduction for expenditure for services or secondment to institutions of a public character</title><description>Deduction for expenditure for services or secondment to institutions of a public character Subject to this section, where the Comptroller is satisfied that a qualifying person has...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr19-</link><title>Income Tax Act 1947 - 19 Initial and annual allowances for machinery or plant</title><description>Initial and annual allowances for machinery or plant Where a person carrying on a trade, profession or business incurs capital expenditure on the provision of machinery or plant f...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr19A-</link><title>Income Tax Act 1947 - 19A Allowances of 3 years or 2 years write‑off for machinery and plant, and 100% write‑off for computer, prescribed automation equipment and robot, etc.</title><description>Allowances of 3 years or 2 years write‑off for machinery and plant, and 100% write‑off for computer, prescribed automation equipment and robot, etc. Despite section 19, where a pe...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr19B-</link><title>Income Tax Act 1947 - 19B Writing‑down allowances for intellectual property rights</title><description>Writing‑down allowances for intellectual property rights Subject to this section, where a company carrying on a trade or business has incurred on or after capital expenditure in a...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr19D-</link><title>Income Tax Act 1947 - 19D Writing‑down allowance for IRU</title><description>Writing‑down allowance for IRU Subject to this section, where a person carrying on a trade, business or profession has incurred capital expenditure during or after the basis perio...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr19E-</link><title>Income Tax Act 1947 - 19E Use of open‑market price for making allowances under sections 19, 19A and 19D</title><description>Use of open‑market price for making allowances under sections 19, 19A and 19D This section applies for the purpose of making an allowance under section 19, 19A or 19D for capital ...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr20-</link><title>Income Tax Act 1947 - 20 Balancing allowances and charges for machinery or plant</title><description>Balancing allowances and charges for machinery or plant Except as provided in this section, where at any time after the setting up and on or before the permanent discontinuance of...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr23-</link><title>Income Tax Act 1947 - 23 Carry forward of allowances</title><description>Carry forward of allowances Where, in any year of assessment, full effect cannot, by reason of an insufficiency of gains or profits chargeable for that year of assessment, be give...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr34G-</link><title>Income Tax Act 1947 - 34G Modification of provisions for companies redomiciled in Singapore</title><description>Modification of provisions for companies redomiciled in Singapore This section applies to a body corporate incorporated outside Singapore that is registered as a company limited b...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr34H-</link><title>Income Tax Act 1947 - 34H Tax credits for approved redomiciled companies</title><description>Tax credits for approved redomiciled companies This section applies where — an approved redomiciled company has income (called in this section income A) that is chargeable to tax ...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr34I-</link><title>Income Tax Act 1947 - 34I Adjustments arising from adoption of FRS 115 or SFRS(I) 15</title><description>Adjustments arising from adoption of FRS 115 or SFRS(I) 15 This section applies where — a person prepares or maintains the person’s financial accounts for any basis period for a y...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr34J-</link><title>Income Tax Act 1947 - 34J Tax treatment arising from adoption of FRS 116 or SFRS(I) 16</title><description>Tax treatment arising from adoption of FRS 116 or SFRS(I) 16 Where an MSI recipient (called in this section an electing recipient) makes an election in accordance with subsection ...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr36A-</link><title>Income Tax Act 1947 - 36A Limited liability partnership</title><description>Limited liability partnership For the purposes of this Act, where a limited liability partnership carries on a trade, business, profession or vocation — all the activities of the ...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr36C-</link><title>Income Tax Act 1947 - 36C Limited partnership</title><description>Limited partnership For the purposes of this Act, except as otherwise provided — references to a partnership include references to a limited partnership; and references to partner...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr37-</link><title>Income Tax Act 1947 - 37 Assessable income</title><description>Assessable income The assessable income of any person from all sources chargeable with tax under this Act for any year of assessment is the remainder of the person’s statutory inc...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr37A-</link><title>Income Tax Act 1947 - 37A Adjustment of capital allowances, losses or donations between income subject to tax at different rates</title><description>Adjustment of capital allowances, losses or donations between income subject to tax at different rates This section applies where — a company has income subject to tax at differen...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr37B-</link><title>Income Tax Act 1947 - 37B Group relief for Singapore companies</title><description>Group relief for Singapore companies Subject to the provisions of this section, a transferor company may transfer any qualifying deduction for any year of assessment to a claimant...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr37D-</link><title>Income Tax Act 1947 - 37D Carry‑back of capital allowances and losses</title><description>Carry‑back of capital allowances and losses Subject to the provisions of this section, a person may deduct any qualifying deduction for any year of assessment against the person’s...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr37E-</link><title>Income Tax Act 1947 - 37E Carry‑back of capital allowances and losses between spouses</title><description>Carry‑back of capital allowances and losses between spouses Subject to the provisions of this section, an individual may transfer any qualifying deduction for any year of assessme...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr37F-</link><title>Income Tax Act 1947 - 37F Deduction for incremental expenditure on research and development</title><description>Deduction for incremental expenditure on research and development Subject to this section, where any company incurs during the basis period for any year of assessment between the ...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr37G-</link><title>Income Tax Act 1947 - 37G Cash payout under Productivity and Innovation Credit Scheme</title><description>Cash payout under Productivity and Innovation Credit Scheme Subject to this section, where any qualifying person has incurred expenditure — during the basis period relating to the...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr37H-</link><title>Income Tax Act 1947 - 37H Productivity and Innovation Credit bonus</title><description>Productivity and Innovation Credit bonus For each of the years of assessment 2013, 2014 and 2015, a person, being a company or firm (including a partnership) (called in this secti...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr37N-</link><title>Income Tax Act 1947 - 37N Deduction for qualifying investments in qualifying start‑up companies</title><description>Deduction for qualifying investments in qualifying start‑up companies Where an individual proposes to make one or more qualifying investments that complies with subsection (4) in ...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr37O-</link><title>Income Tax Act 1947 - 37O Deduction for acquisition of shares of companies</title><description>Deduction for acquisition of shares of companies Subject to this section, where — a Singapore company (called in this section the acquiring company); any one or more subsidiaries ...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr43U-</link><title>Income Tax Act 1947 - 43U Concessionary rate of tax for shipping‑related support services</title><description>Concessionary rate of tax for shipping‑related support services Despite section 43, tax at the rate of 10% is to be levied and paid for each year of assessment upon the amount of ...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr43W-</link><title>Income Tax Act 1947 - 43W Concessionary rate of tax for international growth company</title><description>Concessionary rate of tax for international growth company Despite section 43, the Minister may by regulations provide that tax at the rate of 10% is to be levied and paid upon th...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr45E-</link><title>Income Tax Act 1947 - 45E Application of section 45 to withdrawals by non‑citizen SRS members, etc.</title><description>Application of section 45 to withdrawals by non‑citizen SRS members, etc. Subject to subsections (2) and (2A), section 45 applies in relation to — any withdrawal made — under sect...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr45EA-</link><title>Income Tax Act 1947 - 45EA Approval of deduction of investment from SRS account of non‑citizen</title><description>Approval of deduction of investment from SRS account of non‑citizen This section applies to an investment made using funds from an SRS account of an SRS member who is not a citize...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr49-</link><title>Income Tax Act 1947 - 49 Avoidance of double taxation arrangements</title><description>Avoidance of double taxation arrangements If the Minister by order declares that arrangements specified in the order have been made with the government of any country outside Sing...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=P118-</link><title>Income Tax Act 1947 - Part 18 APPEALS</title><description>APPEALS</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr78-</link><title>Income Tax Act 1947 - 78 Board of Review</title><description>Board of Review For the purpose of hearing appeals in the manner hereinafter provided, there is to be a Board of Review (called in this Part the Board) consisting of not more than...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr79-</link><title>Income Tax Act 1947 - 79 Right of appeal</title><description>Right of appeal Any person who, being aggrieved by an assessment made upon the person, has failed to agree with the Comptroller in the manner provided in section 76(6) may appeal ...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr80-</link><title>Income Tax Act 1947 - 80 Hearing and disposal of appeals</title><description>Hearing and disposal of appeals On receipt of a petition of appeal, the secretary must immediately forward one copy of it to the Comptroller, and must — as soon as possible therea...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr80A-</link><title>Income Tax Act 1947 - 80A Hearing of appeal by committee where member becomes unavailable</title><description>Hearing of appeal by committee where member becomes unavailable This section applies to an appeal before a committee of the Board, and a reference in this section to a member of t...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr80B-</link><title>Income Tax Act 1947 - 80B Hearing of appeal by single member where member becomes unavailable</title><description>Hearing of appeal by single member where member becomes unavailable Despite anything in this Part, if an appeal is before a single member of the Board, and — in the course of an a...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr81-</link><title>Income Tax Act 1947 - 81 Appeals to General Division of High Court</title><description>Appeals to General Division of High Court Except as provided in this section, the decision of the Board is final. 40/2019 In any case in which the amount of tax payable, tax to be...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr107-</link><title>Income Tax Act 1947 - 107 Variable capital companies or VCCs</title><description>Variable capital companies or VCCs For the purposes of this Act, and subject to the modifications in this section and the rules under subsection (30), a reference to a company in ...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=Sc3-</link><title>Income Tax Act 1947 - Third Schedule </title><description>PROVISION THAT APPLIES IN PLACE OF SECTION 13W WHERE INCOME IS THAT OF AN UMBRELLA VCC FROM DISPOSAL OF ORDINARY SHARES IN A COMPANY OR VCC Sections 106(1) and 107(17) and (18) Se...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=xv-</link><title>Income Tax Act 1947 - Legislative History</title><description>This Legislative History is provided for the convenience of users of the Income Tax Act. It is not part of the Act. Ordinance 39 of 1947 Income Tax Ordinance 1947 Date of First Re...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr10-</link><title>Income Tax Act 1947 - 10 Charge of income tax</title><description>Charge of income tax Income tax is, subject to the provisions of this Act, payable at the rate or rates specified hereinafter for each year of assessment upon the income of any pe...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr10G-</link><title>Income Tax Act 1947 - 10G Withdrawals from Supplementary Retirement Scheme</title><description>Withdrawals from Supplementary Retirement Scheme Where the amount of withdrawals made by an SRS member from his or her SRS account in any year exceeds the amount the SRS member co...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr13D-</link><title>Income Tax Act 1947 - 13D Exemption of income of prescribed persons arising from funds managed by fund manager in Singapore</title><description>Exemption of income of prescribed persons arising from funds managed by fund manager in Singapore There is exempt from tax such income as the Minister may by regulations prescribe...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr13I-</link><title>Income Tax Act 1947 - 13I Exemption of tax on gains or profits from equity remuneration incentive scheme</title><description>Exemption of tax on gains or profits from equity remuneration incentive scheme Where a qualifying employee derives any gains or profits in any year of assessment, after the expiry...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr13K-</link><title>Income Tax Act 1947 - 13K Exemption of tax on income derived by non‑ordinarily resident individual</title><description>Exemption of tax on income derived by non‑ordinarily resident individual Where an NOR individual is resident in Singapore in any year of assessment within the period he or she is ...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr13O-</link><title>Income Tax Act 1947 - 13O Exemption of income of company incorporated and resident in Singapore arising from funds managed by fund manager in Singapore</title><description>Exemption of income of company incorporated and resident in Singapore arising from funds managed by fund manager in Singapore Subject to such conditions as may be prescribed by re...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr14-</link><title>Income Tax Act 1947 - 14 Deductions allowed</title><description>Deductions allowed For the purpose of ascertaining the income of any person for any period from any source chargeable with tax under this Act (called in this Part the income), the...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr14A-</link><title>Income Tax Act 1947 - 14A Deduction for costs for protecting intellectual property</title><description>Deduction for costs for protecting intellectual property Subject to this section, where a person carrying on a trade or business has incurred — patenting costs during the period f...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr14C-</link><title>Income Tax Act 1947 - 14C Expenditure on research and development</title><description>Expenditure on research and development For the purpose of ascertaining the income of any person carrying on any trade or business and subject to subsection (4), the following exp...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr14D-</link><title>Income Tax Act 1947 - 14D Enhanced deduction for qualifying expenditure on research and development</title><description>Enhanced deduction for qualifying expenditure on research and development Subject to this section, for the purpose of ascertaining the income of a person carrying on any trade or ...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr14E-</link><title>Income Tax Act 1947 - 14E Further deduction for expenditure on research and development project</title><description>Further deduction for expenditure on research and development project Subject to this section, where the Comptroller is satisfied that — a person carrying on any trade or business...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr14J-</link><title>Income Tax Act 1947 - 14J Deduction for upfront land premium</title><description>Deduction for upfront land premium Where the Comptroller is satisfied that an upfront land premium has been paid by a lessee to a relevant body in respect of a designated lease fo...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr14L-</link><title>Income Tax Act 1947 - 14L Deduction for treasury shares transferred under employee equity‑based remuneration scheme</title><description>Deduction for treasury shares transferred under employee equity‑based remuneration scheme Where a company transfers, in the basis period for the year of assessment 2007 or any sub...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr14M-</link><title>Income Tax Act 1947 - 14M Deduction for shares transferred by special purpose vehicle under employee equity‑based remuneration scheme</title><description>Deduction for shares transferred by special purpose vehicle under employee equity‑based remuneration scheme Where — a special purpose vehicle has acquired treasury shares or previ...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr14O-</link><title>Income Tax Act 1947 - 14O Deduction for qualifying training expenditure</title><description>Deduction for qualifying training expenditure Subject to this section, for the purpose of ascertaining the income of a person carrying on a trade or business during the basis peri...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr14Q-</link><title>Income Tax Act 1947 - 14Q Deduction for expenditure on leasing of PIC automation equipment under qualifying lease</title><description>Deduction for expenditure on leasing of PIC automation equipment under qualifying lease Subject to this section, for the purpose of ascertaining the income of a person carrying on...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr14T-</link><title>Income Tax Act 1947 - 14T Deduction for expenditure on licensing intellectual property rights</title><description>Deduction for expenditure on licensing intellectual property rights Subject to this section and section 37J, for the purpose of ascertaining the income of a person carrying on a t...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr14W-</link><title>Income Tax Act 1947 - 14W Deduction for expenditure incurred by individual in deriving passive rental income in Singapore</title><description>Deduction for expenditure incurred by individual in deriving passive rental income in Singapore This section applies for the purpose of ascertaining an individual’s income for the...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr14Z-</link><title>Income Tax Act 1947 - 14Z Deduction for expenditure for services or secondment to institutions of a public character</title><description>Deduction for expenditure for services or secondment to institutions of a public character Subject to this section, where the Comptroller is satisfied that a qualifying person has...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr19-</link><title>Income Tax Act 1947 - 19 Initial and annual allowances for machinery or plant</title><description>Initial and annual allowances for machinery or plant Where a person carrying on a trade, profession or business incurs capital expenditure on the provision of machinery or plant f...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr19A-</link><title>Income Tax Act 1947 - 19A Allowances of 3 years or 2 years write‑off for machinery and plant, and 100% write‑off for computer, prescribed automation equipment and robot, etc.</title><description>Allowances of 3 years or 2 years write‑off for machinery and plant, and 100% write‑off for computer, prescribed automation equipment and robot, etc. Despite section 19, where a pe...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr19B-</link><title>Income Tax Act 1947 - 19B Writing‑down allowances for intellectual property rights</title><description>Writing‑down allowances for intellectual property rights Subject to this section, where a company carrying on a trade or business has incurred on or after capital expenditure in a...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr19D-</link><title>Income Tax Act 1947 - 19D Writing‑down allowance for IRU</title><description>Writing‑down allowance for IRU Subject to this section, where a person carrying on a trade, business or profession has incurred capital expenditure during or after the basis perio...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr19E-</link><title>Income Tax Act 1947 - 19E Use of open‑market price for making allowances under sections 19, 19A and 19D</title><description>Use of open‑market price for making allowances under sections 19, 19A and 19D This section applies for the purpose of making an allowance under section 19, 19A or 19D for capital ...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr20-</link><title>Income Tax Act 1947 - 20 Balancing allowances and charges for machinery or plant</title><description>Balancing allowances and charges for machinery or plant Except as provided in this section, where at any time after the setting up and on or before the permanent discontinuance of...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr23-</link><title>Income Tax Act 1947 - 23 Carry forward of allowances</title><description>Carry forward of allowances Where, in any year of assessment, full effect cannot, by reason of an insufficiency of gains or profits chargeable for that year of assessment, be give...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr34G-</link><title>Income Tax Act 1947 - 34G Modification of provisions for companies redomiciled in Singapore</title><description>Modification of provisions for companies redomiciled in Singapore This section applies to a body corporate incorporated outside Singapore that is registered as a company limited b...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr34H-</link><title>Income Tax Act 1947 - 34H Tax credits for approved redomiciled companies</title><description>Tax credits for approved redomiciled companies This section applies where — an approved redomiciled company has income (called in this section income A) that is chargeable to tax ...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr34I-</link><title>Income Tax Act 1947 - 34I Adjustments arising from adoption of FRS 115 or SFRS(I) 15</title><description>Adjustments arising from adoption of FRS 115 or SFRS(I) 15 This section applies where — a person prepares or maintains the person’s financial accounts for any basis period for a y...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr34J-</link><title>Income Tax Act 1947 - 34J Tax treatment arising from adoption of FRS 116 or SFRS(I) 16</title><description>Tax treatment arising from adoption of FRS 116 or SFRS(I) 16 Where an MSI recipient (called in this section an electing recipient) makes an election in accordance with subsection ...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr36A-</link><title>Income Tax Act 1947 - 36A Limited liability partnership</title><description>Limited liability partnership For the purposes of this Act, where a limited liability partnership carries on a trade, business, profession or vocation — all the activities of the ...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr36C-</link><title>Income Tax Act 1947 - 36C Limited partnership</title><description>Limited partnership For the purposes of this Act, except as otherwise provided — references to a partnership include references to a limited partnership; and references to partner...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr37-</link><title>Income Tax Act 1947 - 37 Assessable income</title><description>Assessable income The assessable income of any person from all sources chargeable with tax under this Act for any year of assessment is the remainder of the person’s statutory inc...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr37A-</link><title>Income Tax Act 1947 - 37A Adjustment of capital allowances, losses or donations between income subject to tax at different rates</title><description>Adjustment of capital allowances, losses or donations between income subject to tax at different rates This section applies where — a company has income subject to tax at differen...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr37B-</link><title>Income Tax Act 1947 - 37B Group relief for Singapore companies</title><description>Group relief for Singapore companies Subject to the provisions of this section, a transferor company may transfer any qualifying deduction for any year of assessment to a claimant...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr37D-</link><title>Income Tax Act 1947 - 37D Carry‑back of capital allowances and losses</title><description>Carry‑back of capital allowances and losses Subject to the provisions of this section, a person may deduct any qualifying deduction for any year of assessment against the person’s...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr37E-</link><title>Income Tax Act 1947 - 37E Carry‑back of capital allowances and losses between spouses</title><description>Carry‑back of capital allowances and losses between spouses Subject to the provisions of this section, an individual may transfer any qualifying deduction for any year of assessme...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr37F-</link><title>Income Tax Act 1947 - 37F Deduction for incremental expenditure on research and development</title><description>Deduction for incremental expenditure on research and development Subject to this section, where any company incurs during the basis period for any year of assessment between the ...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr37G-</link><title>Income Tax Act 1947 - 37G Cash payout under Productivity and Innovation Credit Scheme</title><description>Cash payout under Productivity and Innovation Credit Scheme Subject to this section, where any qualifying person has incurred expenditure — during the basis period relating to the...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr37H-</link><title>Income Tax Act 1947 - 37H Productivity and Innovation Credit bonus</title><description>Productivity and Innovation Credit bonus For each of the years of assessment 2013, 2014 and 2015, a person, being a company or firm (including a partnership) (called in this secti...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr37N-</link><title>Income Tax Act 1947 - 37N Deduction for qualifying investments in qualifying start‑up companies</title><description>Deduction for qualifying investments in qualifying start‑up companies Where an individual proposes to make one or more qualifying investments that complies with subsection (4) in ...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr37O-</link><title>Income Tax Act 1947 - 37O Deduction for acquisition of shares of companies</title><description>Deduction for acquisition of shares of companies Subject to this section, where — a Singapore company (called in this section the acquiring company); any one or more subsidiaries ...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr43U-</link><title>Income Tax Act 1947 - 43U Concessionary rate of tax for shipping‑related support services</title><description>Concessionary rate of tax for shipping‑related support services Despite section 43, tax at the rate of 10% is to be levied and paid for each year of assessment upon the amount of ...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr43W-</link><title>Income Tax Act 1947 - 43W Concessionary rate of tax for international growth company</title><description>Concessionary rate of tax for international growth company Despite section 43, the Minister may by regulations provide that tax at the rate of 10% is to be levied and paid upon th...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr45E-</link><title>Income Tax Act 1947 - 45E Application of section 45 to withdrawals by non‑citizen SRS members, etc.</title><description>Application of section 45 to withdrawals by non‑citizen SRS members, etc. Subject to subsections (2) and (2A), section 45 applies in relation to — any withdrawal made — under sect...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr45EA-</link><title>Income Tax Act 1947 - 45EA Approval of deduction of investment from SRS account of non‑citizen</title><description>Approval of deduction of investment from SRS account of non‑citizen This section applies to an investment made using funds from an SRS account of an SRS member who is not a citize...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr49-</link><title>Income Tax Act 1947 - 49 Avoidance of double taxation arrangements</title><description>Avoidance of double taxation arrangements If the Minister by order declares that arrangements specified in the order have been made with the government of any country outside Sing...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr81-</link><title>Income Tax Act 1947 - 81 Appeals to General Division of High Court</title><description>Appeals to General Division of High Court Except as provided in this section, the decision of the Board is final. 40/2019 In any case in which the amount of tax payable, tax to be...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr107-</link><title>Income Tax Act 1947 - 107 Variable capital companies or VCCs</title><description>Variable capital companies or VCCs For the purposes of this Act, and subject to the modifications in this section and the rules under subsection (30), a reference to a company in ...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=Sc3-</link><title>Income Tax Act 1947 - Third Schedule </title><description>PROVISION THAT APPLIES IN PLACE OF SECTION 13W WHERE INCOME IS THAT OF AN UMBRELLA VCC FROM DISPOSAL OF ORDINARY SHARES IN A COMPANY OR VCC Sections 106(1) and 107(17) and (18) Se...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=xv-</link><title>Income Tax Act 1947 - Legislative History</title><description>This Legislative History is provided for the convenience of users of the Income Tax Act. It is not part of the Act. Ordinance 39 of 1947 Income Tax Ordinance 1947 Date of First Re...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr80-</link><title>Income Tax Act 1947 - 80 Hearing and disposal of appeals</title><description>Hearing and disposal of appeals On receipt of a petition of appeal, the secretary must immediately forward one copy of it to the Comptroller, and must — as soon as possible therea...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr80A-</link><title>Income Tax Act 1947 - 80A Hearing of appeal by committee where member becomes unavailable</title><description>Hearing of appeal by committee where member becomes unavailable This section applies to an appeal before a committee of the Board, and a reference in this section to a member of t...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr78-</link><title>Income Tax Act 1947 - 78 Board of Review</title><description>Board of Review For the purpose of hearing appeals in the manner hereinafter provided, there is to be a Board of Review (called in this Part the Board) consisting of not more than...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr79-</link><title>Income Tax Act 1947 - 79 Right of appeal</title><description>Right of appeal Any person who, being aggrieved by an assessment made upon the person, has failed to agree with the Comptroller in the manner provided in section 76(6) may appeal ...</description><pubDate>Mon, 21 Aug 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr10-</link><title>Income Tax Act 1947 - 10 Charge of income tax</title><description>Charge of income tax Income tax is, subject to the provisions of this Act, payable at the rate or rates specified hereinafter for each year of assessment upon the income of any pe...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr10G-</link><title>Income Tax Act 1947 - 10G Withdrawals from Supplementary Retirement Scheme</title><description>Withdrawals from Supplementary Retirement Scheme Where the amount of withdrawals made by an SRS member from his or her SRS account in any year exceeds the amount the SRS member co...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr10I-</link><title>Income Tax Act 1947 - 10I Additional Tier 1 capital instruments</title><description>Additional Tier 1 capital instruments Any distribution that is liable to be made in respect of an AT1 instrument in the basis period for the year of assessment 2015 or a subsequen...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr13-</link><title>Income Tax Act 1947 - 13 Exempt income</title><description>Exempt income There is exempt from tax — subject to subsection (2) and such conditions as may be prescribed by regulations, the interest derived from — any qualifying debt securit...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr13D-</link><title>Income Tax Act 1947 - 13D Exemption of income of prescribed persons arising from funds managed by fund manager in Singapore</title><description>Exemption of income of prescribed persons arising from funds managed by fund manager in Singapore There is exempt from tax such income as the Minister may by regulations prescribe...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr13I-</link><title>Income Tax Act 1947 - 13I Exemption of tax on gains or profits from equity remuneration incentive scheme</title><description>Exemption of tax on gains or profits from equity remuneration incentive scheme Where a qualifying employee derives any gains or profits in any year of assessment, after the expiry...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr13K-</link><title>Income Tax Act 1947 - 13K Exemption of tax on income derived by non‑ordinarily resident individual</title><description>Exemption of tax on income derived by non‑ordinarily resident individual Where an NOR individual is resident in Singapore in any year of assessment within the period he or she is ...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr13O-</link><title>Income Tax Act 1947 - 13O Exemption of income of company incorporated and resident in Singapore arising from funds managed by fund manager in Singapore</title><description>Exemption of income of company incorporated and resident in Singapore arising from funds managed by fund manager in Singapore Subject to such conditions as may be prescribed by re...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr14-</link><title>Income Tax Act 1947 - 14 Deductions allowed</title><description>Deductions allowed For the purpose of ascertaining the income of any person for any period from any source chargeable with tax under this Act (called in this Part the income), the...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr14A-</link><title>Income Tax Act 1947 - 14A Deduction for costs for protecting intellectual property</title><description>Deduction for costs for protecting intellectual property Subject to this section, where a person carrying on a trade or business has incurred — patenting costs during the period f...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr14C-</link><title>Income Tax Act 1947 - 14C Expenditure on research and development</title><description>Expenditure on research and development For the purpose of ascertaining the income of any person carrying on any trade or business and subject to subsection (4), the following exp...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr14D-</link><title>Income Tax Act 1947 - 14D Enhanced deduction for qualifying expenditure on research and development</title><description>Enhanced deduction for qualifying expenditure on research and development Subject to this section, for the purpose of ascertaining the income of a person carrying on any trade or ...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr14E-</link><title>Income Tax Act 1947 - 14E Further deduction for expenditure on research and development project</title><description>Further deduction for expenditure on research and development project Subject to this section, where the Comptroller is satisfied that — a person carrying on any trade or business...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr14J-</link><title>Income Tax Act 1947 - 14J Deduction for upfront land premium</title><description>Deduction for upfront land premium Where the Comptroller is satisfied that an upfront land premium has been paid by a lessee to a relevant body in respect of a designated lease fo...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr14L-</link><title>Income Tax Act 1947 - 14L Deduction for treasury shares transferred under employee equity‑based remuneration scheme</title><description>Deduction for treasury shares transferred under employee equity‑based remuneration scheme Where a company transfers, in the basis period for the year of assessment 2007 or any sub...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr14M-</link><title>Income Tax Act 1947 - 14M Deduction for shares transferred by special purpose vehicle under employee equity‑based remuneration scheme</title><description>Deduction for shares transferred by special purpose vehicle under employee equity‑based remuneration scheme Where — a special purpose vehicle has acquired treasury shares or previ...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr14O-</link><title>Income Tax Act 1947 - 14O Deduction for qualifying training expenditure</title><description>Deduction for qualifying training expenditure Subject to this section, for the purpose of ascertaining the income of a person carrying on a trade or business during the basis peri...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr14Q-</link><title>Income Tax Act 1947 - 14Q Deduction for expenditure on leasing of PIC automation equipment under qualifying lease</title><description>Deduction for expenditure on leasing of PIC automation equipment under qualifying lease Subject to this section, for the purpose of ascertaining the income of a person carrying on...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr14T-</link><title>Income Tax Act 1947 - 14T Deduction for expenditure on licensing intellectual property rights</title><description>Deduction for expenditure on licensing intellectual property rights Subject to this section and section 37J, for the purpose of ascertaining the income of a person carrying on a t...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr14W-</link><title>Income Tax Act 1947 - 14W Deduction for expenditure incurred by individual in deriving passive rental income in Singapore</title><description>Deduction for expenditure incurred by individual in deriving passive rental income in Singapore This section applies for the purpose of ascertaining an individual’s income for the...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr14Z-</link><title>Income Tax Act 1947 - 14Z Deduction for expenditure for services or secondment to institutions of a public character</title><description>Deduction for expenditure for services or secondment to institutions of a public character Subject to this section, where the Comptroller is satisfied that a qualifying person has...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr19-</link><title>Income Tax Act 1947 - 19 Initial and annual allowances for machinery or plant</title><description>Initial and annual allowances for machinery or plant Where a person carrying on a trade, profession or business incurs capital expenditure on the provision of machinery or plant f...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr19A-</link><title>Income Tax Act 1947 - 19A Allowances of 3 years or 2 years write‑off for machinery and plant, and 100% write‑off for computer, prescribed automation equipment and robot, etc.</title><description>Allowances of 3 years or 2 years write‑off for machinery and plant, and 100% write‑off for computer, prescribed automation equipment and robot, etc. Despite section 19, where a pe...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr19B-</link><title>Income Tax Act 1947 - 19B Writing‑down allowances for intellectual property rights</title><description>Writing‑down allowances for intellectual property rights Subject to this section, where a company carrying on a trade or business has incurred on or after capital expenditure in a...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr19D-</link><title>Income Tax Act 1947 - 19D Writing‑down allowance for IRU</title><description>Writing‑down allowance for IRU Subject to this section, where a person carrying on a trade, business or profession has incurred capital expenditure during or after the basis perio...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr19E-</link><title>Income Tax Act 1947 - 19E Use of open‑market price for making allowances under sections 19, 19A and 19D</title><description>Use of open‑market price for making allowances under sections 19, 19A and 19D This section applies for the purpose of making an allowance under section 19, 19A or 19D for capital ...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr20-</link><title>Income Tax Act 1947 - 20 Balancing allowances and charges for machinery or plant</title><description>Balancing allowances and charges for machinery or plant Except as provided in this section, where at any time after the setting up and on or before the permanent discontinuance of...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr23-</link><title>Income Tax Act 1947 - 23 Carry forward of allowances</title><description>Carry forward of allowances Where, in any year of assessment, full effect cannot, by reason of an insufficiency of gains or profits chargeable for that year of assessment, be give...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr34G-</link><title>Income Tax Act 1947 - 34G Modification of provisions for companies redomiciled in Singapore</title><description>Modification of provisions for companies redomiciled in Singapore This section applies to a body corporate incorporated outside Singapore that is registered as a company limited b...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr34H-</link><title>Income Tax Act 1947 - 34H Tax credits for approved redomiciled companies</title><description>Tax credits for approved redomiciled companies This section applies where — an approved redomiciled company has income (called in this section income A) that is chargeable to tax ...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr34I-</link><title>Income Tax Act 1947 - 34I Adjustments arising from adoption of FRS 115 or SFRS(I) 15</title><description>Adjustments arising from adoption of FRS 115 or SFRS(I) 15 This section applies where — a person prepares or maintains the person’s financial accounts for any basis period for a y...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr34J-</link><title>Income Tax Act 1947 - 34J Tax treatment arising from adoption of FRS 116 or SFRS(I) 16</title><description>Tax treatment arising from adoption of FRS 116 or SFRS(I) 16 Where an MSI recipient (called in this section an electing recipient) makes an election in accordance with subsection ...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr36A-</link><title>Income Tax Act 1947 - 36A Limited liability partnership</title><description>Limited liability partnership For the purposes of this Act, where a limited liability partnership carries on a trade, business, profession or vocation — all the activities of the ...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr36C-</link><title>Income Tax Act 1947 - 36C Limited partnership</title><description>Limited partnership For the purposes of this Act, except as otherwise provided — references to a partnership include references to a limited partnership; and references to partner...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr37-</link><title>Income Tax Act 1947 - 37 Assessable income</title><description>Assessable income The assessable income of any person from all sources chargeable with tax under this Act for any year of assessment is the remainder of the person’s statutory inc...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr37A-</link><title>Income Tax Act 1947 - 37A Adjustment of capital allowances, losses or donations between income subject to tax at different rates</title><description>Adjustment of capital allowances, losses or donations between income subject to tax at different rates This section applies where — a company has income subject to tax at differen...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr37B-</link><title>Income Tax Act 1947 - 37B Group relief for Singapore companies</title><description>Group relief for Singapore companies Subject to the provisions of this section, a transferor company may transfer any qualifying deduction for any year of assessment to a claimant...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr37D-</link><title>Income Tax Act 1947 - 37D Carry‑back of capital allowances and losses</title><description>Carry‑back of capital allowances and losses Subject to the provisions of this section, a person may deduct any qualifying deduction for any year of assessment against the person’s...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr37E-</link><title>Income Tax Act 1947 - 37E Carry‑back of capital allowances and losses between spouses</title><description>Carry‑back of capital allowances and losses between spouses Subject to the provisions of this section, an individual may transfer any qualifying deduction for any year of assessme...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr37F-</link><title>Income Tax Act 1947 - 37F Deduction for incremental expenditure on research and development</title><description>Deduction for incremental expenditure on research and development Subject to this section, where any company incurs during the basis period for any year of assessment between the ...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr37G-</link><title>Income Tax Act 1947 - 37G Cash payout under Productivity and Innovation Credit Scheme</title><description>Cash payout under Productivity and Innovation Credit Scheme Subject to this section, where any qualifying person has incurred expenditure — during the basis period relating to the...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr37H-</link><title>Income Tax Act 1947 - 37H Productivity and Innovation Credit bonus</title><description>Productivity and Innovation Credit bonus For each of the years of assessment 2013, 2014 and 2015, a person, being a company or firm (including a partnership) (called in this secti...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr37N-</link><title>Income Tax Act 1947 - 37N Deduction for qualifying investments in qualifying start‑up companies</title><description>Deduction for qualifying investments in qualifying start‑up companies Where an individual proposes to make one or more qualifying investments that complies with subsection (4) in ...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr37O-</link><title>Income Tax Act 1947 - 37O Deduction for acquisition of shares of companies</title><description>Deduction for acquisition of shares of companies Subject to this section, where — a Singapore company (called in this section the acquiring company); any one or more subsidiaries ...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr43U-</link><title>Income Tax Act 1947 - 43U Concessionary rate of tax for shipping‑related support services</title><description>Concessionary rate of tax for shipping‑related support services Despite section 43, tax at the rate of 10% is to be levied and paid for each year of assessment upon the amount of ...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr43W-</link><title>Income Tax Act 1947 - 43W Concessionary rate of tax for international growth company</title><description>Concessionary rate of tax for international growth company Despite section 43, the Minister may by regulations provide that tax at the rate of 10% is to be levied and paid upon th...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr45E-</link><title>Income Tax Act 1947 - 45E Application of section 45 to withdrawals by non‑citizen SRS members, etc.</title><description>Application of section 45 to withdrawals by non‑citizen SRS members, etc. Subject to subsections (2) and (2A), section 45 applies in relation to — any withdrawal made — under sect...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr45EA-</link><title>Income Tax Act 1947 - 45EA Approval of deduction of investment from SRS account of non‑citizen</title><description>Approval of deduction of investment from SRS account of non‑citizen This section applies to an investment made using funds from an SRS account of an SRS member who is not a citize...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr49-</link><title>Income Tax Act 1947 - 49 Avoidance of double taxation arrangements</title><description>Avoidance of double taxation arrangements If the Minister by order declares that arrangements specified in the order have been made with the government of any country outside Sing...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr81-</link><title>Income Tax Act 1947 - 81 Appeals to General Division of High Court</title><description>Appeals to General Division of High Court Except as provided in this section, the decision of the Board is final. 40/2019 In any case in which the amount of tax payable, tax to be...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr107-</link><title>Income Tax Act 1947 - 107 Variable capital companies or VCCs</title><description>Variable capital companies or VCCs For the purposes of this Act, and subject to the modifications in this section and the rules under subsection (30), a reference to a company in ...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=Sc3-</link><title>Income Tax Act 1947 - Third Schedule </title><description>PROVISION THAT APPLIES IN PLACE OF SECTION 13W WHERE INCOME IS THAT OF AN UMBRELLA VCC FROM DISPOSAL OF ORDINARY SHARES IN A COMPANY OR VCC Sections 106(1) and 107(17) and (18) Se...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=Sc9-</link><title>Income Tax Act 1947 - Ninth Schedule Specified public schemes</title><description>Sections 6(11A) and 106(1) and (3) Specified public schemes Wage credit scheme Jobs support scheme SkillsFuture Enterprise Credit Senior Employment Credit Enabling Employment Cred...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=xv-</link><title>Income Tax Act 1947 - Legislative History</title><description>This Legislative History is a service provided by the Law Revision Commission on a best-efforts basis. It is not part of the Act. Ordinance 39 of 1947 Income Tax Ordinance 1947 Da...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr10-</link><title>Income Tax Act 1947 - 10 Charge of income tax</title><description>Charge of income tax Income tax is, subject to the provisions of this Act, payable at the rate or rates specified hereinafter for each year of assessment upon the income of any pe...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr10G-</link><title>Income Tax Act 1947 - 10G Withdrawals from Supplementary Retirement Scheme</title><description>Withdrawals from Supplementary Retirement Scheme Where the amount of withdrawals made by an SRS member from his or her SRS account in any year exceeds the amount the SRS member co...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr10I-</link><title>Income Tax Act 1947 - 10I Additional Tier 1 capital instruments</title><description>Additional Tier 1 capital instruments Any distribution that is liable to be made in respect of an AT1 instrument in the basis period for the year of assessment 2015 or a subsequen...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr13D-</link><title>Income Tax Act 1947 - 13D Exemption of income of prescribed persons arising from funds managed by fund manager in Singapore</title><description>Exemption of income of prescribed persons arising from funds managed by fund manager in Singapore There is exempt from tax such income as the Minister may by regulations prescribe...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr13I-</link><title>Income Tax Act 1947 - 13I Exemption of tax on gains or profits from equity remuneration incentive scheme</title><description>Exemption of tax on gains or profits from equity remuneration incentive scheme Where a qualifying employee derives any gains or profits in any year of assessment, after the expiry...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr13K-</link><title>Income Tax Act 1947 - 13K Exemption of tax on income derived by non‑ordinarily resident individual</title><description>Exemption of tax on income derived by non‑ordinarily resident individual Where an NOR individual is resident in Singapore in any year of assessment within the period he or she is ...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr13O-</link><title>Income Tax Act 1947 - 13O Exemption of income of company incorporated and resident in Singapore arising from funds managed by fund manager in Singapore</title><description>Exemption of income of company incorporated and resident in Singapore arising from funds managed by fund manager in Singapore Subject to such conditions as may be prescribed by re...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr14-</link><title>Income Tax Act 1947 - 14 Deductions allowed</title><description>Deductions allowed For the purpose of ascertaining the income of any person for any period from any source chargeable with tax under this Act (called in this Part the income), the...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr14A-</link><title>Income Tax Act 1947 - 14A Deduction for costs for protecting intellectual property</title><description>Deduction for costs for protecting intellectual property Subject to this section, where a person carrying on a trade or business has incurred — patenting costs during the period f...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr14C-</link><title>Income Tax Act 1947 - 14C Expenditure on research and development</title><description>Expenditure on research and development For the purpose of ascertaining the income of any person carrying on any trade or business and subject to subsection (4), the following exp...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr14D-</link><title>Income Tax Act 1947 - 14D Enhanced deduction for qualifying expenditure on research and development</title><description>Enhanced deduction for qualifying expenditure on research and development Subject to this section, for the purpose of ascertaining the income of a person carrying on any trade or ...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr14E-</link><title>Income Tax Act 1947 - 14E Further deduction for expenditure on research and development project</title><description>Further deduction for expenditure on research and development project Subject to this section, where the Comptroller is satisfied that — a person carrying on any trade or business...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr14J-</link><title>Income Tax Act 1947 - 14J Deduction for upfront land premium</title><description>Deduction for upfront land premium Where the Comptroller is satisfied that an upfront land premium has been paid by a lessee to a relevant body in respect of a designated lease fo...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr14L-</link><title>Income Tax Act 1947 - 14L Deduction for treasury shares transferred under employee equity‑based remuneration scheme</title><description>Deduction for treasury shares transferred under employee equity‑based remuneration scheme Where a company transfers, in the basis period for the year of assessment 2007 or any sub...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr14M-</link><title>Income Tax Act 1947 - 14M Deduction for shares transferred by special purpose vehicle under employee equity‑based remuneration scheme</title><description>Deduction for shares transferred by special purpose vehicle under employee equity‑based remuneration scheme Where — a special purpose vehicle has acquired treasury shares or previ...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr14O-</link><title>Income Tax Act 1947 - 14O Deduction for qualifying training expenditure</title><description>Deduction for qualifying training expenditure Subject to this section, for the purpose of ascertaining the income of a person carrying on a trade or business during the basis peri...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr14Q-</link><title>Income Tax Act 1947 - 14Q Deduction for expenditure on leasing of PIC automation equipment under qualifying lease</title><description>Deduction for expenditure on leasing of PIC automation equipment under qualifying lease Subject to this section, for the purpose of ascertaining the income of a person carrying on...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr14T-</link><title>Income Tax Act 1947 - 14T Deduction for expenditure on licensing intellectual property rights</title><description>Deduction for expenditure on licensing intellectual property rights Subject to this section and section 37J, for the purpose of ascertaining the income of a person carrying on a t...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr14W-</link><title>Income Tax Act 1947 - 14W Deduction for expenditure incurred by individual in deriving passive rental income in Singapore</title><description>Deduction for expenditure incurred by individual in deriving passive rental income in Singapore This section applies for the purpose of ascertaining an individual’s income for the...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr14Z-</link><title>Income Tax Act 1947 - 14Z Deduction for expenditure for services or secondment to institutions of a public character</title><description>Deduction for expenditure for services or secondment to institutions of a public character Subject to this section, where the Comptroller is satisfied that a qualifying person has...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr19-</link><title>Income Tax Act 1947 - 19 Initial and annual allowances for machinery or plant</title><description>Initial and annual allowances for machinery or plant Where a person carrying on a trade, profession or business incurs capital expenditure on the provision of machinery or plant f...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr19A-</link><title>Income Tax Act 1947 - 19A Allowances of 3 years or 2 years write‑off for machinery and plant, and 100% write‑off for computer, prescribed automation equipment and robot, etc.</title><description>Allowances of 3 years or 2 years write‑off for machinery and plant, and 100% write‑off for computer, prescribed automation equipment and robot, etc. Despite section 19, where a pe...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr19B-</link><title>Income Tax Act 1947 - 19B Writing‑down allowances for intellectual property rights</title><description>Writing‑down allowances for intellectual property rights Subject to this section, where a company carrying on a trade or business has incurred on or after capital expenditure in a...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr19D-</link><title>Income Tax Act 1947 - 19D Writing‑down allowance for IRU</title><description>Writing‑down allowance for IRU Subject to this section, where a person carrying on a trade, business or profession has incurred capital expenditure during or after the basis perio...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr19E-</link><title>Income Tax Act 1947 - 19E Use of open‑market price for making allowances under sections 19, 19A and 19D</title><description>Use of open‑market price for making allowances under sections 19, 19A and 19D This section applies for the purpose of making an allowance under section 19, 19A or 19D for capital ...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr20-</link><title>Income Tax Act 1947 - 20 Balancing allowances and charges for machinery or plant</title><description>Balancing allowances and charges for machinery or plant Except as provided in this section, where at any time after the setting up and on or before the permanent discontinuance of...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr23-</link><title>Income Tax Act 1947 - 23 Carry forward of allowances</title><description>Carry forward of allowances Where, in any year of assessment, full effect cannot, by reason of an insufficiency of gains or profits chargeable for that year of assessment, be give...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr34G-</link><title>Income Tax Act 1947 - 34G Modification of provisions for companies redomiciled in Singapore</title><description>Modification of provisions for companies redomiciled in Singapore This section applies to a body corporate incorporated outside Singapore that is registered as a company limited b...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr34H-</link><title>Income Tax Act 1947 - 34H Tax credits for approved redomiciled companies</title><description>Tax credits for approved redomiciled companies This section applies where — an approved redomiciled company has income (called in this section income A) that is chargeable to tax ...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr34I-</link><title>Income Tax Act 1947 - 34I Adjustments arising from adoption of FRS 115 or SFRS(I) 15</title><description>Adjustments arising from adoption of FRS 115 or SFRS(I) 15 This section applies where — a person prepares or maintains the person’s financial accounts for any basis period for a y...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr34J-</link><title>Income Tax Act 1947 - 34J Tax treatment arising from adoption of FRS 116 or SFRS(I) 16</title><description>Tax treatment arising from adoption of FRS 116 or SFRS(I) 16 Where an MSI recipient (called in this section an electing recipient) makes an election in accordance with subsection ...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr36A-</link><title>Income Tax Act 1947 - 36A Limited liability partnership</title><description>Limited liability partnership For the purposes of this Act, where a limited liability partnership carries on a trade, business, profession or vocation — all the activities of the ...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr36C-</link><title>Income Tax Act 1947 - 36C Limited partnership</title><description>Limited partnership For the purposes of this Act, except as otherwise provided — references to a partnership include references to a limited partnership; and references to partner...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr37-</link><title>Income Tax Act 1947 - 37 Assessable income</title><description>Assessable income The assessable income of any person from all sources chargeable with tax under this Act for any year of assessment is the remainder of the person’s statutory inc...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr37A-</link><title>Income Tax Act 1947 - 37A Adjustment of capital allowances, losses or donations between income subject to tax at different rates</title><description>Adjustment of capital allowances, losses or donations between income subject to tax at different rates This section applies where — a company has income subject to tax at differen...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr37B-</link><title>Income Tax Act 1947 - 37B Group relief for Singapore companies</title><description>Group relief for Singapore companies Subject to the provisions of this section, a transferor company may transfer any qualifying deduction for any year of assessment to a claimant...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr37D-</link><title>Income Tax Act 1947 - 37D Carry‑back of capital allowances and losses</title><description>Carry‑back of capital allowances and losses Subject to the provisions of this section, a person may deduct any qualifying deduction for any year of assessment against the person’s...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr37E-</link><title>Income Tax Act 1947 - 37E Carry‑back of capital allowances and losses between spouses</title><description>Carry‑back of capital allowances and losses between spouses Subject to the provisions of this section, an individual may transfer any qualifying deduction for any year of assessme...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr37F-</link><title>Income Tax Act 1947 - 37F Deduction for incremental expenditure on research and development</title><description>Deduction for incremental expenditure on research and development Subject to this section, where any company incurs during the basis period for any year of assessment between the ...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr37G-</link><title>Income Tax Act 1947 - 37G Cash payout under Productivity and Innovation Credit Scheme</title><description>Cash payout under Productivity and Innovation Credit Scheme Subject to this section, where any qualifying person has incurred expenditure — during the basis period relating to the...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr37H-</link><title>Income Tax Act 1947 - 37H Productivity and Innovation Credit bonus</title><description>Productivity and Innovation Credit bonus For each of the years of assessment 2013, 2014 and 2015, a person, being a company or firm (including a partnership) (called in this secti...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr37N-</link><title>Income Tax Act 1947 - 37N Deduction for qualifying investments in qualifying start‑up companies</title><description>Deduction for qualifying investments in qualifying start‑up companies Where an individual proposes to make one or more qualifying investments that complies with subsection (4) in ...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr37O-</link><title>Income Tax Act 1947 - 37O Deduction for acquisition of shares of companies</title><description>Deduction for acquisition of shares of companies Subject to this section, where — a Singapore company (called in this section the acquiring company); any one or more subsidiaries ...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr43U-</link><title>Income Tax Act 1947 - 43U Concessionary rate of tax for shipping‑related support services</title><description>Concessionary rate of tax for shipping‑related support services Despite section 43, tax at the rate of 10% is to be levied and paid for each year of assessment upon the amount of ...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr43W-</link><title>Income Tax Act 1947 - 43W Concessionary rate of tax for international growth company</title><description>Concessionary rate of tax for international growth company Despite section 43, the Minister may by regulations provide that tax at the rate of 10% is to be levied and paid upon th...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr45E-</link><title>Income Tax Act 1947 - 45E Application of section 45 to withdrawals by non‑citizen SRS members, etc.</title><description>Application of section 45 to withdrawals by non‑citizen SRS members, etc. Subject to subsections (2) and (2A), section 45 applies in relation to — any withdrawal made — under sect...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr45EA-</link><title>Income Tax Act 1947 - 45EA Approval of deduction of investment from SRS account of non‑citizen</title><description>Approval of deduction of investment from SRS account of non‑citizen This section applies to an investment made using funds from an SRS account of an SRS member who is not a citize...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr49-</link><title>Income Tax Act 1947 - 49 Avoidance of double taxation arrangements</title><description>Avoidance of double taxation arrangements If the Minister by order declares that arrangements specified in the order have been made with the government of any country outside Sing...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr81-</link><title>Income Tax Act 1947 - 81 Appeals to General Division of High Court</title><description>Appeals to General Division of High Court Except as provided in this section, the decision of the Board is final. 40/2019 In any case in which the amount of tax payable, tax to be...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr107-</link><title>Income Tax Act 1947 - 107 Variable capital companies or VCCs</title><description>Variable capital companies or VCCs For the purposes of this Act, and subject to the modifications in this section and the rules under subsection (30), a reference to a company in ...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=Sc3-</link><title>Income Tax Act 1947 - Third Schedule </title><description>PROVISION THAT APPLIES IN PLACE OF SECTION 13W WHERE INCOME IS THAT OF AN UMBRELLA VCC FROM DISPOSAL OF ORDINARY SHARES IN A COMPANY OR VCC Sections 106(1) and 107(17) and (18) Se...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=xv-</link><title>Income Tax Act 1947 - Legislative History</title><description>This Legislative History is a service provided by the Law Revision Commission on a best-efforts basis. It is not part of the Act. Ordinance 39 of 1947 Income Tax Ordinance 1947 Da...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr13-</link><title>Income Tax Act 1947 - 13 Exempt income</title><description>Exempt income There is exempt from tax — subject to subsection (2) and such conditions as may be prescribed by regulations, the interest derived from — any qualifying debt securit...</description><pubDate>Mon, 05 Jun 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr10-</link><title>Income Tax Act 1947 - 10 Charge of income tax</title><description>Charge of income tax Income tax is, subject to the provisions of this Act, payable at the rate or rates specified hereinafter for each year of assessment upon the income of any pe...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr10E-</link><title>Income Tax Act 1947 - 10E Ascertainment of income from certain public‑private partnership arrangements</title><description>Ascertainment of income from certain public‑private partnership arrangements Where — a contract is entered into on or after between the Government or any approved statutory body a...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr10G-</link><title>Income Tax Act 1947 - 10G Withdrawals from Supplementary Retirement Scheme</title><description>Withdrawals from Supplementary Retirement Scheme Where the amount of withdrawals made by an SRS member from his or her SRS account in any year exceeds the amount the SRS member co...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr13-</link><title>Income Tax Act 1947 - 13 Exempt income</title><description>Exempt income There is exempt from tax — subject to subsection (2) and such conditions as may be prescribed by regulations, the interest derived from — any qualifying debt securit...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr13D-</link><title>Income Tax Act 1947 - 13D Exemption of income of prescribed persons arising from funds managed by fund manager in Singapore</title><description>Exemption of income of prescribed persons arising from funds managed by fund manager in Singapore There is exempt from tax such income as the Minister may by regulations prescribe...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr13I-</link><title>Income Tax Act 1947 - 13I Exemption of tax on gains or profits from equity remuneration incentive scheme</title><description>Exemption of tax on gains or profits from equity remuneration incentive scheme Where a qualifying employee derives any gains or profits in any year of assessment, after the expiry...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr13K-</link><title>Income Tax Act 1947 - 13K Exemption of tax on income derived by non‑ordinarily resident individual</title><description>Exemption of tax on income derived by non‑ordinarily resident individual Where an NOR individual is resident in Singapore in any year of assessment within the period he or she is ...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr13O-</link><title>Income Tax Act 1947 - 13O Exemption of income of company incorporated and resident in Singapore arising from funds managed by fund manager in Singapore</title><description>Exemption of income of company incorporated and resident in Singapore arising from funds managed by fund manager in Singapore Subject to such conditions as may be prescribed by re...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr14-</link><title>Income Tax Act 1947 - 14 Deductions allowed</title><description>Deductions allowed For the purpose of ascertaining the income of any person for any period from any source chargeable with tax under this Act (called in this Part the income), the...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr14A-</link><title>Income Tax Act 1947 - 14A Deduction for costs for protecting intellectual property</title><description>Deduction for costs for protecting intellectual property Subject to this section, where a person carrying on a trade or business has incurred — patenting costs during the period f...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr14C-</link><title>Income Tax Act 1947 - 14C Expenditure on research and development</title><description>Expenditure on research and development For the purpose of ascertaining the income of any person carrying on any trade or business and subject to subsection (4), the following exp...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr14D-</link><title>Income Tax Act 1947 - 14D Enhanced deduction for qualifying expenditure on research and development</title><description>Enhanced deduction for qualifying expenditure on research and development Subject to this section, for the purpose of ascertaining the income of a person carrying on any trade or ...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr14E-</link><title>Income Tax Act 1947 - 14E Further deduction for expenditure on research and development project</title><description>Further deduction for expenditure on research and development project Subject to this section, where the Comptroller is satisfied that — a person carrying on any trade or business...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr14J-</link><title>Income Tax Act 1947 - 14J Deduction for upfront land premium</title><description>Deduction for upfront land premium Where the Comptroller is satisfied that an upfront land premium has been paid by a lessee to a relevant body in respect of a designated lease fo...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr14L-</link><title>Income Tax Act 1947 - 14L Deduction for treasury shares transferred under employee equity‑based remuneration scheme</title><description>Deduction for treasury shares transferred under employee equity‑based remuneration scheme Where a company transfers, in the basis period for the year of assessment 2007 or any sub...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr14M-</link><title>Income Tax Act 1947 - 14M Deduction for shares transferred by special purpose vehicle under employee equity‑based remuneration scheme</title><description>Deduction for shares transferred by special purpose vehicle under employee equity‑based remuneration scheme Where — a special purpose vehicle has acquired treasury shares or previ...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr14O-</link><title>Income Tax Act 1947 - 14O Deduction for qualifying training expenditure</title><description>Deduction for qualifying training expenditure Subject to this section, for the purpose of ascertaining the income of a person carrying on a trade or business during the basis peri...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr14Q-</link><title>Income Tax Act 1947 - 14Q Deduction for expenditure on leasing of PIC automation equipment under qualifying lease</title><description>Deduction for expenditure on leasing of PIC automation equipment under qualifying lease Subject to this section, for the purpose of ascertaining the income of a person carrying on...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr14S-</link><title>Income Tax Act 1947 - 14S Deduction for amortisation of intangible asset created under public‑private partnership arrangement</title><description>Deduction for amortisation of intangible asset created under public‑private partnership arrangement Where — a person provides services under a public‑private partnership arrangeme...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr14T-</link><title>Income Tax Act 1947 - 14T Deduction for expenditure on licensing intellectual property rights</title><description>Deduction for expenditure on licensing intellectual property rights Subject to this section and section 37J, for the purpose of ascertaining the income of a person carrying on a t...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr14W-</link><title>Income Tax Act 1947 - 14W Deduction for expenditure incurred by individual in deriving passive rental income in Singapore</title><description>Deduction for expenditure incurred by individual in deriving passive rental income in Singapore This section applies for the purpose of ascertaining an individual’s income for the...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr14Z-</link><title>Income Tax Act 1947 - 14Z Deduction for expenditure for services or secondment to institutions of a public character</title><description>Deduction for expenditure for services or secondment to institutions of a public character Subject to this section, where the Comptroller is satisfied that a qualifying person has...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr19-</link><title>Income Tax Act 1947 - 19 Initial and annual allowances for machinery or plant</title><description>Initial and annual allowances for machinery or plant Where a person carrying on a trade, profession or business incurs capital expenditure on the provision of machinery or plant f...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr19A-</link><title>Income Tax Act 1947 - 19A Allowances of 3 years or 2 years write‑off for machinery and plant, and 100% write‑off for computer, prescribed automation equipment and robot, etc.</title><description>Allowances of 3 years or 2 years write‑off for machinery and plant, and 100% write‑off for computer, prescribed automation equipment and robot, etc. Despite section 19, where a pe...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr19B-</link><title>Income Tax Act 1947 - 19B Writing‑down allowances for intellectual property rights</title><description>Writing‑down allowances for intellectual property rights Subject to this section, where a company carrying on a trade or business has incurred on or after capital expenditure in a...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr19D-</link><title>Income Tax Act 1947 - 19D Writing‑down allowance for IRU</title><description>Writing‑down allowance for IRU Subject to this section, where a person carrying on a trade, business or profession has incurred capital expenditure during or after the basis perio...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr19E-</link><title>Income Tax Act 1947 - 19E Use of open‑market price for making allowances under sections 19, 19A and 19D</title><description>Use of open‑market price for making allowances under sections 19, 19A and 19D This section applies for the purpose of making an allowance under section 19, 19A or 19D for capital ...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr20-</link><title>Income Tax Act 1947 - 20 Balancing allowances and charges for machinery or plant</title><description>Balancing allowances and charges for machinery or plant Except as provided in this section, where at any time after the setting up and on or before the permanent discontinuance of...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr23-</link><title>Income Tax Act 1947 - 23 Carry forward of allowances</title><description>Carry forward of allowances Where, in any year of assessment, full effect cannot, by reason of an insufficiency of gains or profits chargeable for that year of assessment, be give...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr34A-</link><title>Income Tax Act 1947 - 34A Adjustment on change of basis of computing profits of financial instruments resulting from FRS 39 or SFRS for Small Entities</title><description>Adjustment on change of basis of computing profits of financial instruments resulting from FRS 39 or SFRS for Small Entities Despite the provisions of this Act, the amount of any ...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr34C-</link><title>Income Tax Act 1947 - 34C Amalgamation of companies</title><description>Amalgamation of companies This section only applies to a qualifying amalgamation. Interpretation In this section — first 2 years of assessment , in relation to an amalgamating com...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr34CA-</link><title>Income Tax Act 1947 - 34CA Transfer of businesses by insurer</title><description>Transfer of businesses by insurer This section applies to a case where — a licensed insurer that is a company incorporated in Singapore (called in this section the transferor) tra...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr34G-</link><title>Income Tax Act 1947 - 34G Modification of provisions for companies redomiciled in Singapore</title><description>Modification of provisions for companies redomiciled in Singapore This section applies to a body corporate incorporated outside Singapore that is registered as a company limited b...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr34H-</link><title>Income Tax Act 1947 - 34H Tax credits for approved redomiciled companies</title><description>Tax credits for approved redomiciled companies This section applies where — an approved redomiciled company has income (called in this section income A) that is chargeable to tax ...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr34I-</link><title>Income Tax Act 1947 - 34I Adjustments arising from adoption of FRS 115 or SFRS(I) 15</title><description>Adjustments arising from adoption of FRS 115 or SFRS(I) 15 This section applies where — a person prepares or maintains the person’s financial accounts for any basis period for a y...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr34J-</link><title>Income Tax Act 1947 - 34J Tax treatment arising from adoption of FRS 116 or SFRS(I) 16</title><description>Tax treatment arising from adoption of FRS 116 or SFRS(I) 16 Where an MSI recipient (called in this section an electing recipient) makes an election in accordance with subsection ...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr36A-</link><title>Income Tax Act 1947 - 36A Limited liability partnership</title><description>Limited liability partnership For the purposes of this Act, where a limited liability partnership carries on a trade, business, profession or vocation — all the activities of the ...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr36C-</link><title>Income Tax Act 1947 - 36C Limited partnership</title><description>Limited partnership For the purposes of this Act, except as otherwise provided — references to a partnership include references to a limited partnership; and references to partner...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr37-</link><title>Income Tax Act 1947 - 37 Assessable income</title><description>Assessable income The assessable income of any person from all sources chargeable with tax under this Act for any year of assessment is the remainder of the person’s statutory inc...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr37A-</link><title>Income Tax Act 1947 - 37A Adjustment of capital allowances, losses or donations between income subject to tax at different rates</title><description>Adjustment of capital allowances, losses or donations between income subject to tax at different rates This section applies where — a company has income subject to tax at differen...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr37B-</link><title>Income Tax Act 1947 - 37B Group relief for Singapore companies</title><description>Group relief for Singapore companies Subject to the provisions of this section, a transferor company may transfer any qualifying deduction for any year of assessment to a claimant...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr37D-</link><title>Income Tax Act 1947 - 37D Carry‑back of capital allowances and losses</title><description>Carry‑back of capital allowances and losses Subject to the provisions of this section, a person may deduct any qualifying deduction for any year of assessment against the person’s...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr37E-</link><title>Income Tax Act 1947 - 37E Carry‑back of capital allowances and losses between spouses</title><description>Carry‑back of capital allowances and losses between spouses Subject to the provisions of this section, an individual may transfer any qualifying deduction for any year of assessme...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr37F-</link><title>Income Tax Act 1947 - 37F Deduction for incremental expenditure on research and development</title><description>Deduction for incremental expenditure on research and development Subject to this section, where any company incurs during the basis period for any year of assessment between the ...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr37G-</link><title>Income Tax Act 1947 - 37G Cash payout under Productivity and Innovation Credit Scheme</title><description>Cash payout under Productivity and Innovation Credit Scheme Subject to this section, where any qualifying person has incurred expenditure — during the basis period relating to the...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr37H-</link><title>Income Tax Act 1947 - 37H Productivity and Innovation Credit bonus</title><description>Productivity and Innovation Credit bonus For each of the years of assessment 2013, 2014 and 2015, a person, being a company or firm (including a partnership) (called in this secti...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr37N-</link><title>Income Tax Act 1947 - 37N Deduction for qualifying investments in qualifying start‑up companies</title><description>Deduction for qualifying investments in qualifying start‑up companies Where an individual proposes to make one or more qualifying investments that complies with subsection (4) in ...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr37O-</link><title>Income Tax Act 1947 - 37O Deduction for acquisition of shares of companies</title><description>Deduction for acquisition of shares of companies Subject to this section, where — a Singapore company (called in this section the acquiring company); any one or more subsidiaries ...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr43U-</link><title>Income Tax Act 1947 - 43U Concessionary rate of tax for shipping‑related support services</title><description>Concessionary rate of tax for shipping‑related support services Despite section 43, tax at the rate of 10% is to be levied and paid for each year of assessment upon the amount of ...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr43W-</link><title>Income Tax Act 1947 - 43W Concessionary rate of tax for international growth company</title><description>Concessionary rate of tax for international growth company Despite section 43, the Minister may by regulations provide that tax at the rate of 10% is to be levied and paid upon th...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr45E-</link><title>Income Tax Act 1947 - 45E Application of section 45 to withdrawals by non‑citizen SRS members, etc.</title><description>Application of section 45 to withdrawals by non‑citizen SRS members, etc. Subject to subsections (2) and (2A), section 45 applies in relation to — any withdrawal made — under sect...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr45EA-</link><title>Income Tax Act 1947 - 45EA Approval of deduction of investment from SRS account of non‑citizen</title><description>Approval of deduction of investment from SRS account of non‑citizen This section applies to an investment made using funds from an SRS account of an SRS member who is not a citize...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr49-</link><title>Income Tax Act 1947 - 49 Avoidance of double taxation arrangements</title><description>Avoidance of double taxation arrangements If the Minister by order declares that arrangements specified in the order have been made with the government of any country outside Sing...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr81-</link><title>Income Tax Act 1947 - 81 Appeals to General Division of High Court</title><description>Appeals to General Division of High Court Except as provided in this section, the decision of the Board is final. 40/2019 In any case in which the amount of tax payable, tax to be...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr107-</link><title>Income Tax Act 1947 - 107 Variable capital companies or VCCs</title><description>Variable capital companies or VCCs For the purposes of this Act, and subject to the modifications in this section and the rules under subsection (30), a reference to a company in ...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=Sc3-</link><title>Income Tax Act 1947 - Third Schedule </title><description>PROVISION THAT APPLIES IN PLACE OF SECTION 13W WHERE INCOME IS THAT OF AN UMBRELLA VCC FROM DISPOSAL OF ORDINARY SHARES IN A COMPANY OR VCC Sections 106(1) and 107(17) and (18) Se...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=xv-</link><title>Income Tax Act 1947 - Legislative History</title><description>This Legislative History is a service provided by the Law Revision Commission on a best-efforts basis. It is not part of the Act. Ordinance 39 of 1947 Income Tax Ordinance 1947 Da...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr10-</link><title>Income Tax Act 1947 - 10 Charge of income tax</title><description>Charge of income tax Income tax is, subject to the provisions of this Act, payable at the rate or rates specified hereinafter for each year of assessment upon the income of any pe...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr10G-</link><title>Income Tax Act 1947 - 10G Withdrawals from Supplementary Retirement Scheme</title><description>Withdrawals from Supplementary Retirement Scheme Where the amount of withdrawals made by an SRS member from his or her SRS account in any year exceeds the amount the SRS member co...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr13-</link><title>Income Tax Act 1947 - 13 Exempt income</title><description>Exempt income There is exempt from tax — subject to subsection (2) and such conditions as may be prescribed by regulations, the interest derived from — any qualifying debt securit...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr13D-</link><title>Income Tax Act 1947 - 13D Exemption of income of prescribed persons arising from funds managed by fund manager in Singapore</title><description>Exemption of income of prescribed persons arising from funds managed by fund manager in Singapore There is exempt from tax such income as the Minister may by regulations prescribe...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr13I-</link><title>Income Tax Act 1947 - 13I Exemption of tax on gains or profits from equity remuneration incentive scheme</title><description>Exemption of tax on gains or profits from equity remuneration incentive scheme Where a qualifying employee derives any gains or profits in any year of assessment, after the expiry...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr13K-</link><title>Income Tax Act 1947 - 13K Exemption of tax on income derived by non‑ordinarily resident individual</title><description>Exemption of tax on income derived by non‑ordinarily resident individual Where an NOR individual is resident in Singapore in any year of assessment within the period he or she is ...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr13O-</link><title>Income Tax Act 1947 - 13O Exemption of income of company incorporated and resident in Singapore arising from funds managed by fund manager in Singapore</title><description>Exemption of income of company incorporated and resident in Singapore arising from funds managed by fund manager in Singapore Subject to such conditions as may be prescribed by re...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr14-</link><title>Income Tax Act 1947 - 14 Deductions allowed</title><description>Deductions allowed For the purpose of ascertaining the income of any person for any period from any source chargeable with tax under this Act (called in this Part the income), the...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr14A-</link><title>Income Tax Act 1947 - 14A Deduction for costs for protecting intellectual property</title><description>Deduction for costs for protecting intellectual property Subject to this section, where a person carrying on a trade or business has incurred — patenting costs during the period f...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr14C-</link><title>Income Tax Act 1947 - 14C Expenditure on research and development</title><description>Expenditure on research and development For the purpose of ascertaining the income of any person carrying on any trade or business and subject to subsection (4), the following exp...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr14D-</link><title>Income Tax Act 1947 - 14D Enhanced deduction for qualifying expenditure on research and development</title><description>Enhanced deduction for qualifying expenditure on research and development Subject to this section, for the purpose of ascertaining the income of a person carrying on any trade or ...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr14E-</link><title>Income Tax Act 1947 - 14E Further deduction for expenditure on research and development project</title><description>Further deduction for expenditure on research and development project Subject to this section, where the Comptroller is satisfied that — a person carrying on any trade or business...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr14J-</link><title>Income Tax Act 1947 - 14J Deduction for upfront land premium</title><description>Deduction for upfront land premium Where the Comptroller is satisfied that an upfront land premium has been paid by a lessee to a relevant body in respect of a designated lease fo...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr14L-</link><title>Income Tax Act 1947 - 14L Deduction for treasury shares transferred under employee equity‑based remuneration scheme</title><description>Deduction for treasury shares transferred under employee equity‑based remuneration scheme Where a company transfers, in the basis period for the year of assessment 2007 or any sub...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr14M-</link><title>Income Tax Act 1947 - 14M Deduction for shares transferred by special purpose vehicle under employee equity‑based remuneration scheme</title><description>Deduction for shares transferred by special purpose vehicle under employee equity‑based remuneration scheme Where — a special purpose vehicle has acquired treasury shares or previ...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr14O-</link><title>Income Tax Act 1947 - 14O Deduction for qualifying training expenditure</title><description>Deduction for qualifying training expenditure Subject to this section, for the purpose of ascertaining the income of a person carrying on a trade or business during the basis peri...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr14Q-</link><title>Income Tax Act 1947 - 14Q Deduction for expenditure on leasing of PIC automation equipment under qualifying lease</title><description>Deduction for expenditure on leasing of PIC automation equipment under qualifying lease Subject to this section, for the purpose of ascertaining the income of a person carrying on...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr14T-</link><title>Income Tax Act 1947 - 14T Deduction for expenditure on licensing intellectual property rights</title><description>Deduction for expenditure on licensing intellectual property rights Subject to this section and section 37J, for the purpose of ascertaining the income of a person carrying on a t...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr14W-</link><title>Income Tax Act 1947 - 14W Deduction for expenditure incurred by individual in deriving passive rental income in Singapore</title><description>Deduction for expenditure incurred by individual in deriving passive rental income in Singapore This section applies for the purpose of ascertaining an individual’s income for the...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr14Z-</link><title>Income Tax Act 1947 - 14Z Deduction for expenditure for services or secondment to institutions of a public character</title><description>Deduction for expenditure for services or secondment to institutions of a public character Subject to this section, where the Comptroller is satisfied that a qualifying person has...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr19-</link><title>Income Tax Act 1947 - 19 Initial and annual allowances for machinery or plant</title><description>Initial and annual allowances for machinery or plant Where a person carrying on a trade, profession or business incurs capital expenditure on the provision of machinery or plant f...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr19A-</link><title>Income Tax Act 1947 - 19A Allowances of 3 years or 2 years write‑off for machinery and plant, and 100% write‑off for computer, prescribed automation equipment and robot, etc.</title><description>Allowances of 3 years or 2 years write‑off for machinery and plant, and 100% write‑off for computer, prescribed automation equipment and robot, etc. Despite section 19, where a pe...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr19B-</link><title>Income Tax Act 1947 - 19B Writing‑down allowances for intellectual property rights</title><description>Writing‑down allowances for intellectual property rights Subject to this section, where a company carrying on a trade or business has incurred on or after capital expenditure in a...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr19D-</link><title>Income Tax Act 1947 - 19D Writing‑down allowance for IRU</title><description>Writing‑down allowance for IRU Subject to this section, where a person carrying on a trade, business or profession has incurred capital expenditure during or after the basis perio...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr19E-</link><title>Income Tax Act 1947 - 19E Use of open‑market price for making allowances under sections 19, 19A and 19D</title><description>Use of open‑market price for making allowances under sections 19, 19A and 19D This section applies for the purpose of making an allowance under section 19, 19A or 19D for capital ...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr20-</link><title>Income Tax Act 1947 - 20 Balancing allowances and charges for machinery or plant</title><description>Balancing allowances and charges for machinery or plant Except as provided in this section, where at any time after the setting up and on or before the permanent discontinuance of...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr23-</link><title>Income Tax Act 1947 - 23 Carry forward of allowances</title><description>Carry forward of allowances Where, in any year of assessment, full effect cannot, by reason of an insufficiency of gains or profits chargeable for that year of assessment, be give...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr34G-</link><title>Income Tax Act 1947 - 34G Modification of provisions for companies redomiciled in Singapore</title><description>Modification of provisions for companies redomiciled in Singapore This section applies to a body corporate incorporated outside Singapore that is registered as a company limited b...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr34H-</link><title>Income Tax Act 1947 - 34H Tax credits for approved redomiciled companies</title><description>Tax credits for approved redomiciled companies This section applies where — an approved redomiciled company has income (called in this section income A) that is chargeable to tax ...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr34I-</link><title>Income Tax Act 1947 - 34I Adjustments arising from adoption of FRS 115 or SFRS(I) 15</title><description>Adjustments arising from adoption of FRS 115 or SFRS(I) 15 This section applies where — a person prepares or maintains the person’s financial accounts for any basis period for a y...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr34J-</link><title>Income Tax Act 1947 - 34J Tax treatment arising from adoption of FRS 116 or SFRS(I) 16</title><description>Tax treatment arising from adoption of FRS 116 or SFRS(I) 16 Where an MSI recipient (called in this section an electing recipient) makes an election in accordance with subsection ...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr36A-</link><title>Income Tax Act 1947 - 36A Limited liability partnership</title><description>Limited liability partnership For the purposes of this Act, where a limited liability partnership carries on a trade, business, profession or vocation — all the activities of the ...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr36C-</link><title>Income Tax Act 1947 - 36C Limited partnership</title><description>Limited partnership For the purposes of this Act, except as otherwise provided — references to a partnership include references to a limited partnership; and references to partner...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr37-</link><title>Income Tax Act 1947 - 37 Assessable income</title><description>Assessable income The assessable income of any person from all sources chargeable with tax under this Act for any year of assessment is the remainder of the person’s statutory inc...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr37A-</link><title>Income Tax Act 1947 - 37A Adjustment of capital allowances, losses or donations between income subject to tax at different rates</title><description>Adjustment of capital allowances, losses or donations between income subject to tax at different rates This section applies where — a company has income subject to tax at differen...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr37B-</link><title>Income Tax Act 1947 - 37B Group relief for Singapore companies</title><description>Group relief for Singapore companies Subject to the provisions of this section, a transferor company may transfer any qualifying deduction for any year of assessment to a claimant...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr37D-</link><title>Income Tax Act 1947 - 37D Carry‑back of capital allowances and losses</title><description>Carry‑back of capital allowances and losses Subject to the provisions of this section, a person may deduct any qualifying deduction for any year of assessment against the person’s...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr37E-</link><title>Income Tax Act 1947 - 37E Carry‑back of capital allowances and losses between spouses</title><description>Carry‑back of capital allowances and losses between spouses Subject to the provisions of this section, an individual may transfer any qualifying deduction for any year of assessme...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr37F-</link><title>Income Tax Act 1947 - 37F Deduction for incremental expenditure on research and development</title><description>Deduction for incremental expenditure on research and development Subject to this section, where any company incurs during the basis period for any year of assessment between the ...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr37G-</link><title>Income Tax Act 1947 - 37G Cash payout under Productivity and Innovation Credit Scheme</title><description>Cash payout under Productivity and Innovation Credit Scheme Subject to this section, where any qualifying person has incurred expenditure — during the basis period relating to the...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr37H-</link><title>Income Tax Act 1947 - 37H Productivity and Innovation Credit bonus</title><description>Productivity and Innovation Credit bonus For each of the years of assessment 2013, 2014 and 2015, a person, being a company or firm (including a partnership) (called in this secti...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr37N-</link><title>Income Tax Act 1947 - 37N Deduction for qualifying investments in qualifying start‑up companies</title><description>Deduction for qualifying investments in qualifying start‑up companies Where an individual proposes to make one or more qualifying investments that complies with subsection (4) in ...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr37O-</link><title>Income Tax Act 1947 - 37O Deduction for acquisition of shares of companies</title><description>Deduction for acquisition of shares of companies Subject to this section, where — a Singapore company (called in this section the acquiring company); any one or more subsidiaries ...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr43U-</link><title>Income Tax Act 1947 - 43U Concessionary rate of tax for shipping‑related support services</title><description>Concessionary rate of tax for shipping‑related support services Despite section 43, tax at the rate of 10% is to be levied and paid for each year of assessment upon the amount of ...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr43W-</link><title>Income Tax Act 1947 - 43W Concessionary rate of tax for international growth company</title><description>Concessionary rate of tax for international growth company Despite section 43, the Minister may by regulations provide that tax at the rate of 10% is to be levied and paid upon th...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr45E-</link><title>Income Tax Act 1947 - 45E Application of section 45 to withdrawals by non‑citizen SRS members, etc.</title><description>Application of section 45 to withdrawals by non‑citizen SRS members, etc. Subject to subsections (2) and (2A), section 45 applies in relation to — any withdrawal made — under sect...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr45EA-</link><title>Income Tax Act 1947 - 45EA Approval of deduction of investment from SRS account of non‑citizen</title><description>Approval of deduction of investment from SRS account of non‑citizen This section applies to an investment made using funds from an SRS account of an SRS member who is not a citize...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr49-</link><title>Income Tax Act 1947 - 49 Avoidance of double taxation arrangements</title><description>Avoidance of double taxation arrangements If the Minister by order declares that arrangements specified in the order have been made with the government of any country outside Sing...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr81-</link><title>Income Tax Act 1947 - 81 Appeals to General Division of High Court</title><description>Appeals to General Division of High Court Except as provided in this section, the decision of the Board is final. 40/2019 In any case in which the amount of tax payable, tax to be...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr107-</link><title>Income Tax Act 1947 - 107 Variable capital companies or VCCs</title><description>Variable capital companies or VCCs For the purposes of this Act, and subject to the modifications in this section and the rules under subsection (30), a reference to a company in ...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=Sc3-</link><title>Income Tax Act 1947 - Third Schedule </title><description>PROVISION THAT APPLIES IN PLACE OF SECTION 13W WHERE INCOME IS THAT OF AN UMBRELLA VCC FROM DISPOSAL OF ORDINARY SHARES IN A COMPANY OR VCC Sections 106(1) and 107(17) and (18) Se...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=xv-</link><title>Income Tax Act 1947 - Legislative History</title><description>This Legislative History is a service provided by the Law Revision Commission on a best-efforts basis. It is not part of the Act. Ordinance 39 of 1947 Income Tax Ordinance 1947 Da...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr34CA-</link><title>Income Tax Act 1947 - 34CA Transfer of businesses by insurer</title><description>Transfer of businesses by insurer This section applies to a case where — a licensed insurer that is a company incorporated in Singapore (called in this section the transferor) tra...</description><pubDate>Sat, 01 Apr 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=P13-</link><title>Income Tax Act 1947 - Part 3 IMPOSITION OF INCOME TAX</title><description>IMPOSITION OF INCOME TAX</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr10-</link><title>Income Tax Act 1947 - 10 Charge of income tax</title><description>Charge of income tax Income tax is, subject to the provisions of this Act, payable at the rate or rates specified hereinafter for each year of assessment upon the income of any pe...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr10G-</link><title>Income Tax Act 1947 - 10G Withdrawals from Supplementary Retirement Scheme</title><description>Withdrawals from Supplementary Retirement Scheme Where the amount of withdrawals made by an SRS member from his or her SRS account in any year exceeds the amount the SRS member co...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr10K-</link><title>Income Tax Act 1947 - 10K Tax treatment for covered bond transactions</title><description>Tax treatment for covered bond transactions This section applies where — an approved covered bond company derives income from any cover pool for covered bonds issued by a bank inc...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr13-</link><title>Income Tax Act 1947 - 13 Exempt income</title><description>Exempt income There is exempt from tax — subject to subsection (2) and such conditions as may be prescribed by regulations, the interest derived from — any qualifying debt securit...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr13D-</link><title>Income Tax Act 1947 - 13D Exemption of income of prescribed persons arising from funds managed by fund manager in Singapore</title><description>Exemption of income of prescribed persons arising from funds managed by fund manager in Singapore There is exempt from tax such income as the Minister may by regulations prescribe...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr13I-</link><title>Income Tax Act 1947 - 13I Exemption of tax on gains or profits from equity remuneration incentive scheme</title><description>Exemption of tax on gains or profits from equity remuneration incentive scheme Where a qualifying employee derives any gains or profits in any year of assessment, after the expiry...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr13K-</link><title>Income Tax Act 1947 - 13K Exemption of tax on income derived by non‑ordinarily resident individual</title><description>Exemption of tax on income derived by non‑ordinarily resident individual Where an NOR individual is resident in Singapore in any year of assessment within the period he or she is ...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr13O-</link><title>Income Tax Act 1947 - 13O Exemption of income of company incorporated and resident in Singapore arising from funds managed by fund manager in Singapore</title><description>Exemption of income of company incorporated and resident in Singapore arising from funds managed by fund manager in Singapore Subject to such conditions as may be prescribed by re...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr14-</link><title>Income Tax Act 1947 - 14 Deductions allowed</title><description>Deductions allowed For the purpose of ascertaining the income of any person for any period from any source chargeable with tax under this Act (called in this Part the income), the...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr14A-</link><title>Income Tax Act 1947 - 14A Deduction for costs for protecting intellectual property</title><description>Deduction for costs for protecting intellectual property Subject to this section, where a person carrying on a trade or business has incurred — patenting costs during the period f...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230605?ValidDate=20230605&amp;ProvIds=pr14B-</link><title>Income Tax Act 1947 - 14B Further deduction for expenses relating to approved trade fairs, exhibitions or trade missions, maintenance of overseas trade office, or electronic commerce</title><description>Further deduction for expenses relating to approved trade fairs, exhibitions or trade missions, maintenance of overseas trade office, or electronic commerce Subject to this sectio...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr14C-</link><title>Income Tax Act 1947 - 14C Expenditure on research and development</title><description>Expenditure on research and development For the purpose of ascertaining the income of any person carrying on any trade or business and subject to subsection (4), the following exp...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr14D-</link><title>Income Tax Act 1947 - 14D Enhanced deduction for qualifying expenditure on research and development</title><description>Enhanced deduction for qualifying expenditure on research and development Subject to this section, for the purpose of ascertaining the income of a person carrying on any trade or ...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr14E-</link><title>Income Tax Act 1947 - 14E Further deduction for expenditure on research and development project</title><description>Further deduction for expenditure on research and development project Subject to this section, where the Comptroller is satisfied that — a person carrying on any trade or business...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr14F-</link><title>Income Tax Act 1947 - 14F Expenditure on building modifications for benefit of disabled employees</title><description>Expenditure on building modifications for benefit of disabled employees Subject to subsections (2) and (3), where any person being the owner or lessee of any premises and carrying...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr14J-</link><title>Income Tax Act 1947 - 14J Deduction for upfront land premium</title><description>Deduction for upfront land premium Where the Comptroller is satisfied that an upfront land premium has been paid by a lessee to a relevant body in respect of a designated lease fo...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr14L-</link><title>Income Tax Act 1947 - 14L Deduction for treasury shares transferred under employee equity‑based remuneration scheme</title><description>Deduction for treasury shares transferred under employee equity‑based remuneration scheme Where a company transfers, in the basis period for the year of assessment 2007 or any sub...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr14M-</link><title>Income Tax Act 1947 - 14M Deduction for shares transferred by special purpose vehicle under employee equity‑based remuneration scheme</title><description>Deduction for shares transferred by special purpose vehicle under employee equity‑based remuneration scheme Where — a special purpose vehicle has acquired treasury shares or previ...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr14O-</link><title>Income Tax Act 1947 - 14O Deduction for qualifying training expenditure</title><description>Deduction for qualifying training expenditure Subject to this section, for the purpose of ascertaining the income of a person carrying on a trade or business during the basis peri...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr14Q-</link><title>Income Tax Act 1947 - 14Q Deduction for expenditure on leasing of PIC automation equipment under qualifying lease</title><description>Deduction for expenditure on leasing of PIC automation equipment under qualifying lease Subject to this section, for the purpose of ascertaining the income of a person carrying on...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr14T-</link><title>Income Tax Act 1947 - 14T Deduction for expenditure on licensing intellectual property rights</title><description>Deduction for expenditure on licensing intellectual property rights Subject to this section and section 37J, for the purpose of ascertaining the income of a person carrying on a t...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr14W-</link><title>Income Tax Act 1947 - 14W Deduction for expenditure incurred by individual in deriving passive rental income in Singapore</title><description>Deduction for expenditure incurred by individual in deriving passive rental income in Singapore This section applies for the purpose of ascertaining an individual’s income for the...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr14Z-</link><title>Income Tax Act 1947 - 14Z Deduction for expenditure for services or secondment to institutions of a public character</title><description>Deduction for expenditure for services or secondment to institutions of a public character Subject to this section, where the Comptroller is satisfied that a qualifying person has...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr19-</link><title>Income Tax Act 1947 - 19 Initial and annual allowances for machinery or plant</title><description>Initial and annual allowances for machinery or plant Where a person carrying on a trade, profession or business incurs capital expenditure on the provision of machinery or plant f...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr19A-</link><title>Income Tax Act 1947 - 19A Allowances of 3 years or 2 years write‑off for machinery and plant, and 100% write‑off for computer, prescribed automation equipment and robot, etc.</title><description>Allowances of 3 years or 2 years write‑off for machinery and plant, and 100% write‑off for computer, prescribed automation equipment and robot, etc. Despite section 19, where a pe...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr19B-</link><title>Income Tax Act 1947 - 19B Writing‑down allowances for intellectual property rights</title><description>Writing‑down allowances for intellectual property rights Subject to this section, where a company carrying on a trade or business has incurred on or after capital expenditure in a...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr19D-</link><title>Income Tax Act 1947 - 19D Writing‑down allowance for IRU</title><description>Writing‑down allowance for IRU Subject to this section, where a person carrying on a trade, business or profession has incurred capital expenditure during or after the basis perio...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr19E-</link><title>Income Tax Act 1947 - 19E Use of open‑market price for making allowances under sections 19, 19A and 19D</title><description>Use of open‑market price for making allowances under sections 19, 19A and 19D This section applies for the purpose of making an allowance under section 19, 19A or 19D for capital ...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr20-</link><title>Income Tax Act 1947 - 20 Balancing allowances and charges for machinery or plant</title><description>Balancing allowances and charges for machinery or plant Except as provided in this section, where at any time after the setting up and on or before the permanent discontinuance of...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr23-</link><title>Income Tax Act 1947 - 23 Carry forward of allowances</title><description>Carry forward of allowances Where, in any year of assessment, full effect cannot, by reason of an insufficiency of gains or profits chargeable for that year of assessment, be give...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr34G-</link><title>Income Tax Act 1947 - 34G Modification of provisions for companies redomiciled in Singapore</title><description>Modification of provisions for companies redomiciled in Singapore This section applies to a body corporate incorporated outside Singapore that is registered as a company limited b...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr34H-</link><title>Income Tax Act 1947 - 34H Tax credits for approved redomiciled companies</title><description>Tax credits for approved redomiciled companies This section applies where — an approved redomiciled company has income (called in this section income A) that is chargeable to tax ...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr34I-</link><title>Income Tax Act 1947 - 34I Adjustments arising from adoption of FRS 115 or SFRS(I) 15</title><description>Adjustments arising from adoption of FRS 115 or SFRS(I) 15 This section applies where — a person prepares or maintains the person’s financial accounts for any basis period for a y...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr34J-</link><title>Income Tax Act 1947 - 34J Tax treatment arising from adoption of FRS 116 or SFRS(I) 16</title><description>Tax treatment arising from adoption of FRS 116 or SFRS(I) 16 Where an MSI recipient (called in this section an electing recipient) makes an election in accordance with subsection ...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr36A-</link><title>Income Tax Act 1947 - 36A Limited liability partnership</title><description>Limited liability partnership For the purposes of this Act, where a limited liability partnership carries on a trade, business, profession or vocation — all the activities of the ...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr36C-</link><title>Income Tax Act 1947 - 36C Limited partnership</title><description>Limited partnership For the purposes of this Act, except as otherwise provided — references to a partnership include references to a limited partnership; and references to partner...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr37-</link><title>Income Tax Act 1947 - 37 Assessable income</title><description>Assessable income The assessable income of any person from all sources chargeable with tax under this Act for any year of assessment is the remainder of the person’s statutory inc...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr37A-</link><title>Income Tax Act 1947 - 37A Adjustment of capital allowances, losses or donations between income subject to tax at different rates</title><description>Adjustment of capital allowances, losses or donations between income subject to tax at different rates This section applies where — a company has income subject to tax at differen...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr37B-</link><title>Income Tax Act 1947 - 37B Group relief for Singapore companies</title><description>Group relief for Singapore companies Subject to the provisions of this section, a transferor company may transfer any qualifying deduction for any year of assessment to a claimant...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr37D-</link><title>Income Tax Act 1947 - 37D Carry‑back of capital allowances and losses</title><description>Carry‑back of capital allowances and losses Subject to the provisions of this section, a person may deduct any qualifying deduction for any year of assessment against the person’s...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr37E-</link><title>Income Tax Act 1947 - 37E Carry‑back of capital allowances and losses between spouses</title><description>Carry‑back of capital allowances and losses between spouses Subject to the provisions of this section, an individual may transfer any qualifying deduction for any year of assessme...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr37F-</link><title>Income Tax Act 1947 - 37F Deduction for incremental expenditure on research and development</title><description>Deduction for incremental expenditure on research and development Subject to this section, where any company incurs during the basis period for any year of assessment between the ...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr37G-</link><title>Income Tax Act 1947 - 37G Cash payout under Productivity and Innovation Credit Scheme</title><description>Cash payout under Productivity and Innovation Credit Scheme Subject to this section, where any qualifying person has incurred expenditure — during the basis period relating to the...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr37H-</link><title>Income Tax Act 1947 - 37H Productivity and Innovation Credit bonus</title><description>Productivity and Innovation Credit bonus For each of the years of assessment 2013, 2014 and 2015, a person, being a company or firm (including a partnership) (called in this secti...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr37N-</link><title>Income Tax Act 1947 - 37N Deduction for qualifying investments in qualifying start‑up companies</title><description>Deduction for qualifying investments in qualifying start‑up companies Where an individual proposes to make one or more qualifying investments that complies with subsection (4) in ...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr37O-</link><title>Income Tax Act 1947 - 37O Deduction for acquisition of shares of companies</title><description>Deduction for acquisition of shares of companies Subject to this section, where — a Singapore company (called in this section the acquiring company); any one or more subsidiaries ...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr43H-</link><title>Income Tax Act 1947 - 43H Concessionary rate of tax for income derived from debt securities</title><description>Concessionary rate of tax for income derived from debt securities Despite section 43, the Minister may by regulations provide that tax at the rate of 10% is to be levied and paid ...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr43U-</link><title>Income Tax Act 1947 - 43U Concessionary rate of tax for shipping‑related support services</title><description>Concessionary rate of tax for shipping‑related support services Despite section 43, tax at the rate of 10% is to be levied and paid for each year of assessment upon the amount of ...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr43W-</link><title>Income Tax Act 1947 - 43W Concessionary rate of tax for international growth company</title><description>Concessionary rate of tax for international growth company Despite section 43, the Minister may by regulations provide that tax at the rate of 10% is to be levied and paid upon th...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr45A-</link><title>Income Tax Act 1947 - 45A Application of section 45 to royalties, management fees, etc.</title><description>Application of section 45 to royalties, management fees, etc. Section 45(1) to (8) applies in relation to the payment of any income referred to in section 12(6) or (7) by any pers...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr45E-</link><title>Income Tax Act 1947 - 45E Application of section 45 to withdrawals by non‑citizen SRS members, etc.</title><description>Application of section 45 to withdrawals by non‑citizen SRS members, etc. Subject to subsections (2) and (2A), section 45 applies in relation to — any withdrawal made — under sect...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr45EA-</link><title>Income Tax Act 1947 - 45EA Approval of deduction of investment from SRS account of non‑citizen</title><description>Approval of deduction of investment from SRS account of non‑citizen This section applies to an investment made using funds from an SRS account of an SRS member who is not a citize...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr49-</link><title>Income Tax Act 1947 - 49 Avoidance of double taxation arrangements</title><description>Avoidance of double taxation arrangements If the Minister by order declares that arrangements specified in the order have been made with the government of any country outside Sing...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr81-</link><title>Income Tax Act 1947 - 81 Appeals to General Division of High Court</title><description>Appeals to General Division of High Court Except as provided in this section, the decision of the Board is final. 40/2019 In any case in which the amount of tax payable, tax to be...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr107-</link><title>Income Tax Act 1947 - 107 Variable capital companies or VCCs</title><description>Variable capital companies or VCCs For the purposes of this Act, and subject to the modifications in this section and the rules under subsection (30), a reference to a company in ...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=Sc3-</link><title>Income Tax Act 1947 - Third Schedule </title><description>PROVISION THAT APPLIES IN PLACE OF SECTION 13W WHERE INCOME IS THAT OF AN UMBRELLA VCC FROM DISPOSAL OF ORDINARY SHARES IN A COMPANY OR VCC Sections 106(1) and 107(17) and (18) Se...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=xv-</link><title>Income Tax Act 1947 - Legislative History</title><description>This Legislative History is a service provided by the Law Revision Commission on a best-efforts basis. It is not part of the Act. Ordinance 39 of 1947 Income Tax Ordinance 1947 Da...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr10-</link><title>Income Tax Act 1947 - 10 Charge of income tax</title><description>Charge of income tax Income tax is, subject to the provisions of this Act, payable at the rate or rates specified hereinafter for each year of assessment upon the income of any pe...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr10G-</link><title>Income Tax Act 1947 - 10G Withdrawals from Supplementary Retirement Scheme</title><description>Withdrawals from Supplementary Retirement Scheme Where the amount of withdrawals made by an SRS member from his or her SRS account in any year exceeds the amount the SRS member co...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr13-</link><title>Income Tax Act 1947 - 13 Exempt income</title><description>Exempt income There is exempt from tax — subject to subsection (2) and such conditions as may be prescribed by regulations, the interest derived from — any qualifying debt securit...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr13D-</link><title>Income Tax Act 1947 - 13D Exemption of income of prescribed persons arising from funds managed by fund manager in Singapore</title><description>Exemption of income of prescribed persons arising from funds managed by fund manager in Singapore There is exempt from tax such income as the Minister may by regulations prescribe...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr13I-</link><title>Income Tax Act 1947 - 13I Exemption of tax on gains or profits from equity remuneration incentive scheme</title><description>Exemption of tax on gains or profits from equity remuneration incentive scheme Where a qualifying employee derives any gains or profits in any year of assessment, after the expiry...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr13K-</link><title>Income Tax Act 1947 - 13K Exemption of tax on income derived by non‑ordinarily resident individual</title><description>Exemption of tax on income derived by non‑ordinarily resident individual Where an NOR individual is resident in Singapore in any year of assessment within the period he or she is ...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr13O-</link><title>Income Tax Act 1947 - 13O Exemption of income of company incorporated and resident in Singapore arising from funds managed by fund manager in Singapore</title><description>Exemption of income of company incorporated and resident in Singapore arising from funds managed by fund manager in Singapore Subject to such conditions as may be prescribed by re...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr14-</link><title>Income Tax Act 1947 - 14 Deductions allowed</title><description>Deductions allowed For the purpose of ascertaining the income of any person for any period from any source chargeable with tax under this Act (called in this Part the income), the...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr14A-</link><title>Income Tax Act 1947 - 14A Deduction for costs for protecting intellectual property</title><description>Deduction for costs for protecting intellectual property Subject to this section, where a person carrying on a trade or business has incurred — patenting costs during the period f...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr14C-</link><title>Income Tax Act 1947 - 14C Expenditure on research and development</title><description>Expenditure on research and development For the purpose of ascertaining the income of any person carrying on any trade or business and subject to subsection (4), the following exp...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr14D-</link><title>Income Tax Act 1947 - 14D Enhanced deduction for qualifying expenditure on research and development</title><description>Enhanced deduction for qualifying expenditure on research and development Subject to this section, for the purpose of ascertaining the income of a person carrying on any trade or ...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr14E-</link><title>Income Tax Act 1947 - 14E Further deduction for expenditure on research and development project</title><description>Further deduction for expenditure on research and development project Subject to this section, where the Comptroller is satisfied that — a person carrying on any trade or business...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr14J-</link><title>Income Tax Act 1947 - 14J Deduction for upfront land premium</title><description>Deduction for upfront land premium Where the Comptroller is satisfied that an upfront land premium has been paid by a lessee to a relevant body in respect of a designated lease fo...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr14L-</link><title>Income Tax Act 1947 - 14L Deduction for treasury shares transferred under employee equity‑based remuneration scheme</title><description>Deduction for treasury shares transferred under employee equity‑based remuneration scheme Where a company transfers, in the basis period for the year of assessment 2007 or any sub...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr14M-</link><title>Income Tax Act 1947 - 14M Deduction for shares transferred by special purpose vehicle under employee equity‑based remuneration scheme</title><description>Deduction for shares transferred by special purpose vehicle under employee equity‑based remuneration scheme Where — a special purpose vehicle has acquired treasury shares or previ...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr14O-</link><title>Income Tax Act 1947 - 14O Deduction for qualifying training expenditure</title><description>Deduction for qualifying training expenditure Subject to this section, for the purpose of ascertaining the income of a person carrying on a trade or business during the basis peri...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr14Q-</link><title>Income Tax Act 1947 - 14Q Deduction for expenditure on leasing of PIC automation equipment under qualifying lease</title><description>Deduction for expenditure on leasing of PIC automation equipment under qualifying lease Subject to this section, for the purpose of ascertaining the income of a person carrying on...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr14T-</link><title>Income Tax Act 1947 - 14T Deduction for expenditure on licensing intellectual property rights</title><description>Deduction for expenditure on licensing intellectual property rights Subject to this section and section 37J, for the purpose of ascertaining the income of a person carrying on a t...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr14W-</link><title>Income Tax Act 1947 - 14W Deduction for expenditure incurred by individual in deriving passive rental income in Singapore</title><description>Deduction for expenditure incurred by individual in deriving passive rental income in Singapore This section applies for the purpose of ascertaining an individual’s income for the...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr14Z-</link><title>Income Tax Act 1947 - 14Z Deduction for expenditure for services or secondment to institutions of a public character</title><description>Deduction for expenditure for services or secondment to institutions of a public character Subject to this section, where the Comptroller is satisfied that a qualifying person has...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr19-</link><title>Income Tax Act 1947 - 19 Initial and annual allowances for machinery or plant</title><description>Initial and annual allowances for machinery or plant Where a person carrying on a trade, profession or business incurs capital expenditure on the provision of machinery or plant f...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr19A-</link><title>Income Tax Act 1947 - 19A Allowances of 3 years or 2 years write‑off for machinery and plant, and 100% write‑off for computer, prescribed automation equipment and robot, etc.</title><description>Allowances of 3 years or 2 years write‑off for machinery and plant, and 100% write‑off for computer, prescribed automation equipment and robot, etc. Despite section 19, where a pe...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr19B-</link><title>Income Tax Act 1947 - 19B Writing‑down allowances for intellectual property rights</title><description>Writing‑down allowances for intellectual property rights Subject to this section, where a company carrying on a trade or business has incurred on or after capital expenditure in a...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr19D-</link><title>Income Tax Act 1947 - 19D Writing‑down allowance for IRU</title><description>Writing‑down allowance for IRU Subject to this section, where a person carrying on a trade, business or profession has incurred capital expenditure during or after the basis perio...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr19E-</link><title>Income Tax Act 1947 - 19E Use of open‑market price for making allowances under sections 19, 19A and 19D</title><description>Use of open‑market price for making allowances under sections 19, 19A and 19D This section applies for the purpose of making an allowance under section 19, 19A or 19D for capital ...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr20-</link><title>Income Tax Act 1947 - 20 Balancing allowances and charges for machinery or plant</title><description>Balancing allowances and charges for machinery or plant Except as provided in this section, where at any time after the setting up and on or before the permanent discontinuance of...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr23-</link><title>Income Tax Act 1947 - 23 Carry forward of allowances</title><description>Carry forward of allowances Where, in any year of assessment, full effect cannot, by reason of an insufficiency of gains or profits chargeable for that year of assessment, be give...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr34G-</link><title>Income Tax Act 1947 - 34G Modification of provisions for companies redomiciled in Singapore</title><description>Modification of provisions for companies redomiciled in Singapore This section applies to a body corporate incorporated outside Singapore that is registered as a company limited b...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr34H-</link><title>Income Tax Act 1947 - 34H Tax credits for approved redomiciled companies</title><description>Tax credits for approved redomiciled companies This section applies where — an approved redomiciled company has income (called in this section income A) that is chargeable to tax ...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr34I-</link><title>Income Tax Act 1947 - 34I Adjustments arising from adoption of FRS 115 or SFRS(I) 15</title><description>Adjustments arising from adoption of FRS 115 or SFRS(I) 15 This section applies where — a person prepares or maintains the person’s financial accounts for any basis period for a y...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr34J-</link><title>Income Tax Act 1947 - 34J Tax treatment arising from adoption of FRS 116 or SFRS(I) 16</title><description>Tax treatment arising from adoption of FRS 116 or SFRS(I) 16 Where an MSI recipient (called in this section an electing recipient) makes an election in accordance with subsection ...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr36A-</link><title>Income Tax Act 1947 - 36A Limited liability partnership</title><description>Limited liability partnership For the purposes of this Act, where a limited liability partnership carries on a trade, business, profession or vocation — all the activities of the ...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr36C-</link><title>Income Tax Act 1947 - 36C Limited partnership</title><description>Limited partnership For the purposes of this Act, except as otherwise provided — references to a partnership include references to a limited partnership; and references to partner...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr37-</link><title>Income Tax Act 1947 - 37 Assessable income</title><description>Assessable income The assessable income of any person from all sources chargeable with tax under this Act for any year of assessment is the remainder of the person’s statutory inc...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr37A-</link><title>Income Tax Act 1947 - 37A Adjustment of capital allowances, losses or donations between income subject to tax at different rates</title><description>Adjustment of capital allowances, losses or donations between income subject to tax at different rates This section applies where — a company has income subject to tax at differen...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr37B-</link><title>Income Tax Act 1947 - 37B Group relief for Singapore companies</title><description>Group relief for Singapore companies Subject to the provisions of this section, a transferor company may transfer any qualifying deduction for any year of assessment to a claimant...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr37D-</link><title>Income Tax Act 1947 - 37D Carry‑back of capital allowances and losses</title><description>Carry‑back of capital allowances and losses Subject to the provisions of this section, a person may deduct any qualifying deduction for any year of assessment against the person’s...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr37E-</link><title>Income Tax Act 1947 - 37E Carry‑back of capital allowances and losses between spouses</title><description>Carry‑back of capital allowances and losses between spouses Subject to the provisions of this section, an individual may transfer any qualifying deduction for any year of assessme...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr37F-</link><title>Income Tax Act 1947 - 37F Deduction for incremental expenditure on research and development</title><description>Deduction for incremental expenditure on research and development Subject to this section, where any company incurs during the basis period for any year of assessment between the ...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr37G-</link><title>Income Tax Act 1947 - 37G Cash payout under Productivity and Innovation Credit Scheme</title><description>Cash payout under Productivity and Innovation Credit Scheme Subject to this section, where any qualifying person has incurred expenditure — during the basis period relating to the...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr37H-</link><title>Income Tax Act 1947 - 37H Productivity and Innovation Credit bonus</title><description>Productivity and Innovation Credit bonus For each of the years of assessment 2013, 2014 and 2015, a person, being a company or firm (including a partnership) (called in this secti...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr37N-</link><title>Income Tax Act 1947 - 37N Deduction for qualifying investments in qualifying start‑up companies</title><description>Deduction for qualifying investments in qualifying start‑up companies Where an individual proposes to make one or more qualifying investments that complies with subsection (4) in ...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr37O-</link><title>Income Tax Act 1947 - 37O Deduction for acquisition of shares of companies</title><description>Deduction for acquisition of shares of companies Subject to this section, where — a Singapore company (called in this section the acquiring company); any one or more subsidiaries ...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr43U-</link><title>Income Tax Act 1947 - 43U Concessionary rate of tax for shipping‑related support services</title><description>Concessionary rate of tax for shipping‑related support services Despite section 43, tax at the rate of 10% is to be levied and paid for each year of assessment upon the amount of ...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr43W-</link><title>Income Tax Act 1947 - 43W Concessionary rate of tax for international growth company</title><description>Concessionary rate of tax for international growth company Despite section 43, the Minister may by regulations provide that tax at the rate of 10% is to be levied and paid upon th...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr45E-</link><title>Income Tax Act 1947 - 45E Application of section 45 to withdrawals by non‑citizen SRS members, etc.</title><description>Application of section 45 to withdrawals by non‑citizen SRS members, etc. Subject to subsections (2) and (2A), section 45 applies in relation to — any withdrawal made — under sect...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr45EA-</link><title>Income Tax Act 1947 - 45EA Approval of deduction of investment from SRS account of non‑citizen</title><description>Approval of deduction of investment from SRS account of non‑citizen This section applies to an investment made using funds from an SRS account of an SRS member who is not a citize...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr49-</link><title>Income Tax Act 1947 - 49 Avoidance of double taxation arrangements</title><description>Avoidance of double taxation arrangements If the Minister by order declares that arrangements specified in the order have been made with the government of any country outside Sing...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr81-</link><title>Income Tax Act 1947 - 81 Appeals to General Division of High Court</title><description>Appeals to General Division of High Court Except as provided in this section, the decision of the Board is final. 40/2019 In any case in which the amount of tax payable, tax to be...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=pr107-</link><title>Income Tax Act 1947 - 107 Variable capital companies or VCCs</title><description>Variable capital companies or VCCs For the purposes of this Act, and subject to the modifications in this section and the rules under subsection (30), a reference to a company in ...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=Sc3-</link><title>Income Tax Act 1947 - Third Schedule </title><description>PROVISION THAT APPLIES IN PLACE OF SECTION 13W WHERE INCOME IS THAT OF AN UMBRELLA VCC FROM DISPOSAL OF ORDINARY SHARES IN A COMPANY OR VCC Sections 106(1) and 107(17) and (18) Se...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230215?ValidDate=20230215&amp;ProvIds=xv-</link><title>Income Tax Act 1947 - Legislative History</title><description>This Legislative History is a service provided by the Law Revision Commission on a best-efforts basis. It is not part of the Act. Ordinance 39 of 1947 Income Tax Ordinance 1947 Da...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr43H-</link><title>Income Tax Act 1947 - 43H Concessionary rate of tax for income derived from debt securities</title><description>Concessionary rate of tax for income derived from debt securities Despite section 43, the Minister may by regulations provide that tax at the rate of 10% is to be levied and paid ...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr45A-</link><title>Income Tax Act 1947 - 45A Application of section 45 to royalties, management fees, etc.</title><description>Application of section 45 to royalties, management fees, etc. Section 45(1) to (8) applies in relation to the payment of any income referred to in section 12(6) or (7) by any pers...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=P13-</link><title>Income Tax Act 1947 - Part 3 IMPOSITION OF INCOME TAX</title><description>IMPOSITION OF INCOME TAX</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240101?ValidDate=20240101&amp;ProvIds=pr14B-</link><title>Income Tax Act 1947 - 14B Further deduction for expenses relating to approved trade fairs, exhibitions or trade missions, maintenance of overseas trade office, or electronic commerce</title><description>Further deduction for expenses relating to approved trade fairs, exhibitions or trade missions, maintenance of overseas trade office, or electronic commerce Subject to this sectio...</description><pubDate>Wed, 15 Feb 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr10-</link><title>Income Tax Act 1947 - 10 Charge of income tax</title><description>Charge of income tax Income tax is, subject to the provisions of this Act, payable at the rate or rates specified hereinafter for each year of assessment upon the income of any pe...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr10B-</link><title>Income Tax Act 1947 - 10B Excess provident fund contributions, etc., deemed to be income</title><description>Excess provident fund contributions, etc., deemed to be income Despite section 13(1)(j ), where in any year, contributions have been made by an employer in respect of an employee ...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr10G-</link><title>Income Tax Act 1947 - 10G Withdrawals from Supplementary Retirement Scheme</title><description>Withdrawals from Supplementary Retirement Scheme Where the amount of withdrawals made by an SRS member from his or her SRS account in any year exceeds the amount the SRS member co...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr13-</link><title>Income Tax Act 1947 - 13 Exempt income</title><description>Exempt income There is exempt from tax — subject to subsection (2) and such conditions as may be prescribed by regulations, the interest derived from — any qualifying debt securit...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr13D-</link><title>Income Tax Act 1947 - 13D Exemption of income of prescribed persons arising from funds managed by fund manager in Singapore</title><description>Exemption of income of prescribed persons arising from funds managed by fund manager in Singapore There is exempt from tax such income as the Minister may by regulations prescribe...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr13I-</link><title>Income Tax Act 1947 - 13I Exemption of tax on gains or profits from equity remuneration incentive scheme</title><description>Exemption of tax on gains or profits from equity remuneration incentive scheme Where a qualifying employee derives any gains or profits in any year of assessment, after the expiry...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr13K-</link><title>Income Tax Act 1947 - 13K Exemption of tax on income derived by non‑ordinarily resident individual</title><description>Exemption of tax on income derived by non‑ordinarily resident individual Where an NOR individual is resident in Singapore in any year of assessment within the period he or she is ...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr13O-</link><title>Income Tax Act 1947 - 13O Exemption of income of company incorporated and resident in Singapore arising from funds managed by fund manager in Singapore</title><description>Exemption of income of company incorporated and resident in Singapore arising from funds managed by fund manager in Singapore Subject to such conditions as may be prescribed by re...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr14-</link><title>Income Tax Act 1947 - 14 Deductions allowed</title><description>Deductions allowed For the purpose of ascertaining the income of any person for any period from any source chargeable with tax under this Act (called in this Part the income), the...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr14A-</link><title>Income Tax Act 1947 - 14A Deduction for costs for protecting intellectual property</title><description>Deduction for costs for protecting intellectual property Subject to this section, where a person carrying on a trade or business has incurred — patenting costs during the period f...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr14C-</link><title>Income Tax Act 1947 - 14C Expenditure on research and development</title><description>Expenditure on research and development For the purpose of ascertaining the income of any person carrying on any trade or business and subject to subsection (4), the following exp...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr14D-</link><title>Income Tax Act 1947 - 14D Enhanced deduction for qualifying expenditure on research and development</title><description>Enhanced deduction for qualifying expenditure on research and development Subject to this section, for the purpose of ascertaining the income of a person carrying on any trade or ...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr14E-</link><title>Income Tax Act 1947 - 14E Further deduction for expenditure on research and development project</title><description>Further deduction for expenditure on research and development project Subject to this section, where the Comptroller is satisfied that — a person carrying on any trade or business...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr14J-</link><title>Income Tax Act 1947 - 14J Deduction for upfront land premium</title><description>Deduction for upfront land premium Where the Comptroller is satisfied that an upfront land premium has been paid by a lessee to a relevant body in respect of a designated lease fo...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr14L-</link><title>Income Tax Act 1947 - 14L Deduction for treasury shares transferred under employee equity‑based remuneration scheme</title><description>Deduction for treasury shares transferred under employee equity‑based remuneration scheme Where a company transfers, in the basis period for the year of assessment 2007 or any sub...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr14M-</link><title>Income Tax Act 1947 - 14M Deduction for shares transferred by special purpose vehicle under employee equity‑based remuneration scheme</title><description>Deduction for shares transferred by special purpose vehicle under employee equity‑based remuneration scheme Where — a special purpose vehicle has acquired treasury shares or previ...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr14O-</link><title>Income Tax Act 1947 - 14O Deduction for qualifying training expenditure</title><description>Deduction for qualifying training expenditure Subject to this section, for the purpose of ascertaining the income of a person carrying on a trade or business during the basis peri...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr14Q-</link><title>Income Tax Act 1947 - 14Q Deduction for expenditure on leasing of PIC automation equipment under qualifying lease</title><description>Deduction for expenditure on leasing of PIC automation equipment under qualifying lease Subject to this section, for the purpose of ascertaining the income of a person carrying on...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr14T-</link><title>Income Tax Act 1947 - 14T Deduction for expenditure on licensing intellectual property rights</title><description>Deduction for expenditure on licensing intellectual property rights Subject to this section and section 37J, for the purpose of ascertaining the income of a person carrying on a t...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr14W-</link><title>Income Tax Act 1947 - 14W Deduction for expenditure incurred by individual in deriving passive rental income in Singapore</title><description>Deduction for expenditure incurred by individual in deriving passive rental income in Singapore This section applies for the purpose of ascertaining an individual’s income for the...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr14Z-</link><title>Income Tax Act 1947 - 14Z Deduction for expenditure for services or secondment to institutions of a public character</title><description>Deduction for expenditure for services or secondment to institutions of a public character Subject to this section, where the Comptroller is satisfied that a qualifying person has...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr15-</link><title>Income Tax Act 1947 - 15 Deductions not allowed</title><description>Deductions not allowed Despite the provisions of this Act, for the purpose of ascertaining the income of any person, no deduction is allowed in respect of — domestic or private ex...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr19-</link><title>Income Tax Act 1947 - 19 Initial and annual allowances for machinery or plant</title><description>Initial and annual allowances for machinery or plant Where a person carrying on a trade, profession or business incurs capital expenditure on the provision of machinery or plant f...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr19A-</link><title>Income Tax Act 1947 - 19A Allowances of 3 years or 2 years write‑off for machinery and plant, and 100% write‑off for computer, prescribed automation equipment and robot, etc.</title><description>Allowances of 3 years or 2 years write‑off for machinery and plant, and 100% write‑off for computer, prescribed automation equipment and robot, etc. Despite section 19, where a pe...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr19B-</link><title>Income Tax Act 1947 - 19B Writing‑down allowances for intellectual property rights</title><description>Writing‑down allowances for intellectual property rights Subject to this section, where a company carrying on a trade or business has incurred on or after capital expenditure in a...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr19D-</link><title>Income Tax Act 1947 - 19D Writing‑down allowance for IRU</title><description>Writing‑down allowance for IRU Subject to this section, where a person carrying on a trade, business or profession has incurred capital expenditure during or after the basis perio...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr19E-</link><title>Income Tax Act 1947 - 19E Use of open‑market price for making allowances under sections 19, 19A and 19D</title><description>Use of open‑market price for making allowances under sections 19, 19A and 19D This section applies for the purpose of making an allowance under section 19, 19A or 19D for capital ...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr20-</link><title>Income Tax Act 1947 - 20 Balancing allowances and charges for machinery or plant</title><description>Balancing allowances and charges for machinery or plant Except as provided in this section, where at any time after the setting up and on or before the permanent discontinuance of...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr23-</link><title>Income Tax Act 1947 - 23 Carry forward of allowances</title><description>Carry forward of allowances Where, in any year of assessment, full effect cannot, by reason of an insufficiency of gains or profits chargeable for that year of assessment, be give...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr34D-</link><title>Income Tax Act 1947 - 34D Transactions not at arm’s length</title><description>Transactions not at arm’s length Subsection (1A) applies where — 2 persons are related parties; conditions are made or imposed between them in their commercial or financial relati...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr34G-</link><title>Income Tax Act 1947 - 34G Modification of provisions for companies redomiciled in Singapore</title><description>Modification of provisions for companies redomiciled in Singapore This section applies to a body corporate incorporated outside Singapore that is registered as a company limited b...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr34H-</link><title>Income Tax Act 1947 - 34H Tax credits for approved redomiciled companies</title><description>Tax credits for approved redomiciled companies This section applies where — an approved redomiciled company has income (called in this section income A) that is chargeable to tax ...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr34I-</link><title>Income Tax Act 1947 - 34I Adjustments arising from adoption of FRS 115 or SFRS(I) 15</title><description>Adjustments arising from adoption of FRS 115 or SFRS(I) 15 This section applies where — a person prepares or maintains the person’s financial accounts for any basis period for a y...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr34J-</link><title>Income Tax Act 1947 - 34J Tax treatment arising from adoption of FRS 116 or SFRS(I) 16</title><description>Tax treatment arising from adoption of FRS 116 or SFRS(I) 16 Where an MSI recipient (called in this section an electing recipient) makes an election in accordance with subsection ...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr36A-</link><title>Income Tax Act 1947 - 36A Limited liability partnership</title><description>Limited liability partnership For the purposes of this Act, where a limited liability partnership carries on a trade, business, profession or vocation — all the activities of the ...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr36C-</link><title>Income Tax Act 1947 - 36C Limited partnership</title><description>Limited partnership For the purposes of this Act, except as otherwise provided — references to a partnership include references to a limited partnership; and references to partner...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr37-</link><title>Income Tax Act 1947 - 37 Assessable income</title><description>Assessable income The assessable income of any person from all sources chargeable with tax under this Act for any year of assessment is the remainder of the person’s statutory inc...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr37A-</link><title>Income Tax Act 1947 - 37A Adjustment of capital allowances, losses or donations between income subject to tax at different rates</title><description>Adjustment of capital allowances, losses or donations between income subject to tax at different rates This section applies where — a company has income subject to tax at differen...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr37B-</link><title>Income Tax Act 1947 - 37B Group relief for Singapore companies</title><description>Group relief for Singapore companies Subject to the provisions of this section, a transferor company may transfer any qualifying deduction for any year of assessment to a claimant...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr37D-</link><title>Income Tax Act 1947 - 37D Carry‑back of capital allowances and losses</title><description>Carry‑back of capital allowances and losses Subject to the provisions of this section, a person may deduct any qualifying deduction for any year of assessment against the person’s...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr37E-</link><title>Income Tax Act 1947 - 37E Carry‑back of capital allowances and losses between spouses</title><description>Carry‑back of capital allowances and losses between spouses Subject to the provisions of this section, an individual may transfer any qualifying deduction for any year of assessme...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr37F-</link><title>Income Tax Act 1947 - 37F Deduction for incremental expenditure on research and development</title><description>Deduction for incremental expenditure on research and development Subject to this section, where any company incurs during the basis period for any year of assessment between the ...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr37G-</link><title>Income Tax Act 1947 - 37G Cash payout under Productivity and Innovation Credit Scheme</title><description>Cash payout under Productivity and Innovation Credit Scheme Subject to this section, where any qualifying person has incurred expenditure — during the basis period relating to the...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr37H-</link><title>Income Tax Act 1947 - 37H Productivity and Innovation Credit bonus</title><description>Productivity and Innovation Credit bonus For each of the years of assessment 2013, 2014 and 2015, a person, being a company or firm (including a partnership) (called in this secti...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr37N-</link><title>Income Tax Act 1947 - 37N Deduction for qualifying investments in qualifying start‑up companies</title><description>Deduction for qualifying investments in qualifying start‑up companies Where an individual proposes to make one or more qualifying investments that complies with subsection (4) in ...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr37O-</link><title>Income Tax Act 1947 - 37O Deduction for acquisition of shares of companies</title><description>Deduction for acquisition of shares of companies Subject to this section, where — a Singapore company (called in this section the acquiring company); any one or more subsidiaries ...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr43-</link><title>Income Tax Act 1947 - 43 Rate of tax upon companies and others</title><description>Rate of tax upon companies and others There is to be levied and paid for each year of assessment upon the chargeable income of — every company or body of persons, tax at the rate ...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr43U-</link><title>Income Tax Act 1947 - 43U Concessionary rate of tax for shipping‑related support services</title><description>Concessionary rate of tax for shipping‑related support services Despite section 43, tax at the rate of 10% is to be levied and paid for each year of assessment upon the amount of ...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr43W-</link><title>Income Tax Act 1947 - 43W Concessionary rate of tax for international growth company</title><description>Concessionary rate of tax for international growth company Despite section 43, the Minister may by regulations provide that tax at the rate of 10% is to be levied and paid upon th...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr45-</link><title>Income Tax Act 1947 - 45 Withholding of tax in respect of interest paid to non‑resident persons</title><description>Withholding of tax in respect of interest paid to non‑resident persons Where a person is liable to pay to another person not known to the firstmentioned person to be resident in S...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr45B-</link><title>Income Tax Act 1947 - 45B Application of section 45 to non‑resident director’s remuneration</title><description>Application of section 45 to non‑resident director’s remuneration Section 45 applies in relation to the payment of any remuneration by a company to any director of the company who...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr45E-</link><title>Income Tax Act 1947 - 45E Application of section 45 to withdrawals by non‑citizen SRS members, etc.</title><description>Application of section 45 to withdrawals by non‑citizen SRS members, etc. Subject to subsections (2) and (2A), section 45 applies in relation to — any withdrawal made — under sect...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr45EA-</link><title>Income Tax Act 1947 - 45EA Approval of deduction of investment from SRS account of non‑citizen</title><description>Approval of deduction of investment from SRS account of non‑citizen This section applies to an investment made using funds from an SRS account of an SRS member who is not a citize...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr49-</link><title>Income Tax Act 1947 - 49 Avoidance of double taxation arrangements</title><description>Avoidance of double taxation arrangements If the Minister by order declares that arrangements specified in the order have been made with the government of any country outside Sing...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr81-</link><title>Income Tax Act 1947 - 81 Appeals to General Division of High Court</title><description>Appeals to General Division of High Court Except as provided in this section, the decision of the Board is final. 40/2019 In any case in which the amount of tax payable, tax to be...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr107-</link><title>Income Tax Act 1947 - 107 Variable capital companies or VCCs</title><description>Variable capital companies or VCCs For the purposes of this Act, and subject to the modifications in this section and the rules under subsection (30), a reference to a company in ...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=Sc2-</link><title>Income Tax Act 1947 - Second Schedule Rates of tax</title><description>Rates of tax Sections 13K(7), 42(1), 81(7) and 106(1) TABLE 1 Rates Of Tax On Chargeable Income OfAn Individual Or A Hindu Joint FamilyFor Year Of Assessment 2012 And Of An Indivi...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=Sc3-</link><title>Income Tax Act 1947 - Third Schedule </title><description>PROVISION THAT APPLIES IN PLACE OF SECTION 13W WHERE INCOME IS THAT OF AN UMBRELLA VCC FROM DISPOSAL OF ORDINARY SHARES IN A COMPANY OR VCC Sections 106(1) and 107(17) and (18) Se...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=Sc5-</link><title>Income Tax Act 1947 - Fifth Schedule Child relief</title><description>Sections 39(2) and (2AA), 39A and 106(1) Child relief Subject to the provisions of this Schedule, the allowable deduction to an individual in respect of each of his or her eligibl...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=xv-</link><title>Income Tax Act 1947 - Legislative History</title><description>This Legislative History is a service provided by the Law Revision Commission on a best-efforts basis. It is not part of the Act. Ordinance 39 of 1947 Income Tax Ordinance 1947 Da...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr10-</link><title>Income Tax Act 1947 - 10 Charge of income tax</title><description>Charge of income tax Income tax is, subject to the provisions of this Act, payable at the rate or rates specified hereinafter for each year of assessment upon the income of any pe...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr10G-</link><title>Income Tax Act 1947 - 10G Withdrawals from Supplementary Retirement Scheme</title><description>Withdrawals from Supplementary Retirement Scheme Where the amount of withdrawals made by an SRS member from his or her SRS account in any year exceeds the amount the SRS member co...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr13-</link><title>Income Tax Act 1947 - 13 Exempt income</title><description>Exempt income There is exempt from tax — subject to subsection (2) and such conditions as may be prescribed by regulations, the interest derived from — any qualifying debt securit...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr13D-</link><title>Income Tax Act 1947 - 13D Exemption of income of prescribed persons arising from funds managed by fund manager in Singapore</title><description>Exemption of income of prescribed persons arising from funds managed by fund manager in Singapore There is exempt from tax such income as the Minister may by regulations prescribe...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr13I-</link><title>Income Tax Act 1947 - 13I Exemption of tax on gains or profits from equity remuneration incentive scheme</title><description>Exemption of tax on gains or profits from equity remuneration incentive scheme Where a qualifying employee derives any gains or profits in any year of assessment, after the expiry...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr13K-</link><title>Income Tax Act 1947 - 13K Exemption of tax on income derived by non‑ordinarily resident individual</title><description>Exemption of tax on income derived by non‑ordinarily resident individual Where an NOR individual is resident in Singapore in any year of assessment within the period he or she is ...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr13O-</link><title>Income Tax Act 1947 - 13O Exemption of income of company incorporated and resident in Singapore arising from funds managed by fund manager in Singapore</title><description>Exemption of income of company incorporated and resident in Singapore arising from funds managed by fund manager in Singapore Subject to such conditions as may be prescribed by re...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr14-</link><title>Income Tax Act 1947 - 14 Deductions allowed</title><description>Deductions allowed For the purpose of ascertaining the income of any person for any period from any source chargeable with tax under this Act (called in this Part the income), the...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr14A-</link><title>Income Tax Act 1947 - 14A Deduction for costs for protecting intellectual property</title><description>Deduction for costs for protecting intellectual property Subject to this section, where a person carrying on a trade or business has incurred — patenting costs during the period f...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr14C-</link><title>Income Tax Act 1947 - 14C Expenditure on research and development</title><description>Expenditure on research and development For the purpose of ascertaining the income of any person carrying on any trade or business and subject to subsection (4), the following exp...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr14D-</link><title>Income Tax Act 1947 - 14D Enhanced deduction for qualifying expenditure on research and development</title><description>Enhanced deduction for qualifying expenditure on research and development Subject to this section, for the purpose of ascertaining the income of a person carrying on any trade or ...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr14E-</link><title>Income Tax Act 1947 - 14E Further deduction for expenditure on research and development project</title><description>Further deduction for expenditure on research and development project Subject to this section, where the Comptroller is satisfied that — a person carrying on any trade or business...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr14J-</link><title>Income Tax Act 1947 - 14J Deduction for upfront land premium</title><description>Deduction for upfront land premium Where the Comptroller is satisfied that an upfront land premium has been paid by a lessee to a relevant body in respect of a designated lease fo...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr14L-</link><title>Income Tax Act 1947 - 14L Deduction for treasury shares transferred under employee equity‑based remuneration scheme</title><description>Deduction for treasury shares transferred under employee equity‑based remuneration scheme Where a company transfers, in the basis period for the year of assessment 2007 or any sub...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr14M-</link><title>Income Tax Act 1947 - 14M Deduction for shares transferred by special purpose vehicle under employee equity‑based remuneration scheme</title><description>Deduction for shares transferred by special purpose vehicle under employee equity‑based remuneration scheme Where — a special purpose vehicle has acquired treasury shares or previ...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr14O-</link><title>Income Tax Act 1947 - 14O Deduction for qualifying training expenditure</title><description>Deduction for qualifying training expenditure Subject to this section, for the purpose of ascertaining the income of a person carrying on a trade or business during the basis peri...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr14Q-</link><title>Income Tax Act 1947 - 14Q Deduction for expenditure on leasing of PIC automation equipment under qualifying lease</title><description>Deduction for expenditure on leasing of PIC automation equipment under qualifying lease Subject to this section, for the purpose of ascertaining the income of a person carrying on...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr14T-</link><title>Income Tax Act 1947 - 14T Deduction for expenditure on licensing intellectual property rights</title><description>Deduction for expenditure on licensing intellectual property rights Subject to this section and section 37J, for the purpose of ascertaining the income of a person carrying on a t...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr14W-</link><title>Income Tax Act 1947 - 14W Deduction for expenditure incurred by individual in deriving passive rental income in Singapore</title><description>Deduction for expenditure incurred by individual in deriving passive rental income in Singapore This section applies for the purpose of ascertaining an individual’s income for the...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr14Z-</link><title>Income Tax Act 1947 - 14Z Deduction for expenditure for services or secondment to institutions of a public character</title><description>Deduction for expenditure for services or secondment to institutions of a public character Subject to this section, where the Comptroller is satisfied that a qualifying person has...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr19-</link><title>Income Tax Act 1947 - 19 Initial and annual allowances for machinery or plant</title><description>Initial and annual allowances for machinery or plant Where a person carrying on a trade, profession or business incurs capital expenditure on the provision of machinery or plant f...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr19A-</link><title>Income Tax Act 1947 - 19A Allowances of 3 years or 2 years write‑off for machinery and plant, and 100% write‑off for computer, prescribed automation equipment and robot, etc.</title><description>Allowances of 3 years or 2 years write‑off for machinery and plant, and 100% write‑off for computer, prescribed automation equipment and robot, etc. Despite section 19, where a pe...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr19B-</link><title>Income Tax Act 1947 - 19B Writing‑down allowances for intellectual property rights</title><description>Writing‑down allowances for intellectual property rights Subject to this section, where a company carrying on a trade or business has incurred on or after capital expenditure in a...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr19D-</link><title>Income Tax Act 1947 - 19D Writing‑down allowance for IRU</title><description>Writing‑down allowance for IRU Subject to this section, where a person carrying on a trade, business or profession has incurred capital expenditure during or after the basis perio...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr19E-</link><title>Income Tax Act 1947 - 19E Use of open‑market price for making allowances under sections 19, 19A and 19D</title><description>Use of open‑market price for making allowances under sections 19, 19A and 19D This section applies for the purpose of making an allowance under section 19, 19A or 19D for capital ...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr20-</link><title>Income Tax Act 1947 - 20 Balancing allowances and charges for machinery or plant</title><description>Balancing allowances and charges for machinery or plant Except as provided in this section, where at any time after the setting up and on or before the permanent discontinuance of...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr23-</link><title>Income Tax Act 1947 - 23 Carry forward of allowances</title><description>Carry forward of allowances Where, in any year of assessment, full effect cannot, by reason of an insufficiency of gains or profits chargeable for that year of assessment, be give...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr34G-</link><title>Income Tax Act 1947 - 34G Modification of provisions for companies redomiciled in Singapore</title><description>Modification of provisions for companies redomiciled in Singapore This section applies to a body corporate incorporated outside Singapore that is registered as a company limited b...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr34H-</link><title>Income Tax Act 1947 - 34H Tax credits for approved redomiciled companies</title><description>Tax credits for approved redomiciled companies This section applies where — an approved redomiciled company has income (called in this section income A) that is chargeable to tax ...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr34I-</link><title>Income Tax Act 1947 - 34I Adjustments arising from adoption of FRS 115 or SFRS(I) 15</title><description>Adjustments arising from adoption of FRS 115 or SFRS(I) 15 This section applies where — a person prepares or maintains the person’s financial accounts for any basis period for a y...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr34J-</link><title>Income Tax Act 1947 - 34J Tax treatment arising from adoption of FRS 116 or SFRS(I) 16</title><description>Tax treatment arising from adoption of FRS 116 or SFRS(I) 16 Where an MSI recipient (called in this section an electing recipient) makes an election in accordance with subsection ...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr36A-</link><title>Income Tax Act 1947 - 36A Limited liability partnership</title><description>Limited liability partnership For the purposes of this Act, where a limited liability partnership carries on a trade, business, profession or vocation — all the activities of the ...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr36C-</link><title>Income Tax Act 1947 - 36C Limited partnership</title><description>Limited partnership For the purposes of this Act, except as otherwise provided — references to a partnership include references to a limited partnership; and references to partner...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr37-</link><title>Income Tax Act 1947 - 37 Assessable income</title><description>Assessable income The assessable income of any person from all sources chargeable with tax under this Act for any year of assessment is the remainder of the person’s statutory inc...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr37A-</link><title>Income Tax Act 1947 - 37A Adjustment of capital allowances, losses or donations between income subject to tax at different rates</title><description>Adjustment of capital allowances, losses or donations between income subject to tax at different rates This section applies where — a company has income subject to tax at differen...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr37B-</link><title>Income Tax Act 1947 - 37B Group relief for Singapore companies</title><description>Group relief for Singapore companies Subject to the provisions of this section, a transferor company may transfer any qualifying deduction for any year of assessment to a claimant...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr37D-</link><title>Income Tax Act 1947 - 37D Carry‑back of capital allowances and losses</title><description>Carry‑back of capital allowances and losses Subject to the provisions of this section, a person may deduct any qualifying deduction for any year of assessment against the person’s...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr37E-</link><title>Income Tax Act 1947 - 37E Carry‑back of capital allowances and losses between spouses</title><description>Carry‑back of capital allowances and losses between spouses Subject to the provisions of this section, an individual may transfer any qualifying deduction for any year of assessme...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr37F-</link><title>Income Tax Act 1947 - 37F Deduction for incremental expenditure on research and development</title><description>Deduction for incremental expenditure on research and development Subject to this section, where any company incurs during the basis period for any year of assessment between the ...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr37G-</link><title>Income Tax Act 1947 - 37G Cash payout under Productivity and Innovation Credit Scheme</title><description>Cash payout under Productivity and Innovation Credit Scheme Subject to this section, where any qualifying person has incurred expenditure — during the basis period relating to the...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr37H-</link><title>Income Tax Act 1947 - 37H Productivity and Innovation Credit bonus</title><description>Productivity and Innovation Credit bonus For each of the years of assessment 2013, 2014 and 2015, a person, being a company or firm (including a partnership) (called in this secti...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr37N-</link><title>Income Tax Act 1947 - 37N Deduction for qualifying investments in qualifying start‑up companies</title><description>Deduction for qualifying investments in qualifying start‑up companies Where an individual proposes to make one or more qualifying investments that complies with subsection (4) in ...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr37O-</link><title>Income Tax Act 1947 - 37O Deduction for acquisition of shares of companies</title><description>Deduction for acquisition of shares of companies Subject to this section, where — a Singapore company (called in this section the acquiring company); any one or more subsidiaries ...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr43U-</link><title>Income Tax Act 1947 - 43U Concessionary rate of tax for shipping‑related support services</title><description>Concessionary rate of tax for shipping‑related support services Despite section 43, tax at the rate of 10% is to be levied and paid for each year of assessment upon the amount of ...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr43W-</link><title>Income Tax Act 1947 - 43W Concessionary rate of tax for international growth company</title><description>Concessionary rate of tax for international growth company Despite section 43, the Minister may by regulations provide that tax at the rate of 10% is to be levied and paid upon th...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr45E-</link><title>Income Tax Act 1947 - 45E Application of section 45 to withdrawals by non‑citizen SRS members, etc.</title><description>Application of section 45 to withdrawals by non‑citizen SRS members, etc. Subject to subsections (2) and (2A), section 45 applies in relation to — any withdrawal made — under sect...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr45EA-</link><title>Income Tax Act 1947 - 45EA Approval of deduction of investment from SRS account of non‑citizen</title><description>Approval of deduction of investment from SRS account of non‑citizen This section applies to an investment made using funds from an SRS account of an SRS member who is not a citize...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr49-</link><title>Income Tax Act 1947 - 49 Avoidance of double taxation arrangements</title><description>Avoidance of double taxation arrangements If the Minister by order declares that arrangements specified in the order have been made with the government of any country outside Sing...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr81-</link><title>Income Tax Act 1947 - 81 Appeals to General Division of High Court</title><description>Appeals to General Division of High Court Except as provided in this section, the decision of the Board is final. 40/2019 In any case in which the amount of tax payable, tax to be...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr107-</link><title>Income Tax Act 1947 - 107 Variable capital companies or VCCs</title><description>Variable capital companies or VCCs For the purposes of this Act, and subject to the modifications in this section and the rules under subsection (30), a reference to a company in ...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=Sc3-</link><title>Income Tax Act 1947 - Third Schedule </title><description>PROVISION THAT APPLIES IN PLACE OF SECTION 13W WHERE INCOME IS THAT OF AN UMBRELLA VCC FROM DISPOSAL OF ORDINARY SHARES IN A COMPANY OR VCC Sections 106(1) and 107(17) and (18) Se...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=xv-</link><title>Income Tax Act 1947 - Legislative History</title><description>This Legislative History is a service provided by the Law Revision Commission on a best-efforts basis. It is not part of the Act. Ordinance 39 of 1947 Income Tax Ordinance 1947 Da...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr10B-</link><title>Income Tax Act 1947 - 10B Excess provident fund contributions, etc., deemed to be income</title><description>Excess provident fund contributions, etc., deemed to be income Despite section 13(1)(j ), where in any year, contributions have been made by an employer in respect of an employee ...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr15-</link><title>Income Tax Act 1947 - 15 Deductions not allowed</title><description>Deductions not allowed Despite the provisions of this Act, for the purpose of ascertaining the income of any person, no deduction is allowed in respect of — domestic or private ex...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr45-</link><title>Income Tax Act 1947 - 45 Withholding of tax in respect of interest paid to non‑resident persons</title><description>Withholding of tax in respect of interest paid to non‑resident persons Where a person is liable to pay to another person not known to the firstmentioned person to be resident in S...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=Sc5-</link><title>Income Tax Act 1947 - Fifth Schedule Child relief</title><description>Sections 39(2) and (2AA), 39A and 106(1) Child relief Subject to the provisions of this Schedule, the allowable deduction to an individual in respect of each of his or her eligibl...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20240412?ValidDate=20240412&amp;ProvIds=pr34D-</link><title>Income Tax Act 1947 - 34D Transactions not at arm’s length</title><description>Transactions not at arm’s length Subsection (1A) applies where — 2 persons are related parties; conditions are made or imposed between them in their commercial or financial relati...</description><pubDate>Sun, 01 Jan 2023 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr10-</link><title>Income Tax Act 1947 - 10 Charge of income tax</title><description>Charge of income tax Income tax is, subject to the provisions of this Act, payable at the rate or rates specified hereinafter for each year of assessment upon the income of any pe...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr10G-</link><title>Income Tax Act 1947 - 10G Withdrawals from Supplementary Retirement Scheme</title><description>Withdrawals from Supplementary Retirement Scheme Where the amount of withdrawals made by an SRS member from his or her SRS account in any year exceeds the amount the SRS member co...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr13-</link><title>Income Tax Act 1947 - 13 Exempt income</title><description>Exempt income There is exempt from tax — subject to subsection (2) and such conditions as may be prescribed by regulations, the interest derived from — any qualifying debt securit...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr13D-</link><title>Income Tax Act 1947 - 13D Exemption of income of prescribed persons arising from funds managed by fund manager in Singapore</title><description>Exemption of income of prescribed persons arising from funds managed by fund manager in Singapore There is exempt from tax such income as the Minister may by regulations prescribe...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr13I-</link><title>Income Tax Act 1947 - 13I Exemption of tax on gains or profits from equity remuneration incentive scheme</title><description>Exemption of tax on gains or profits from equity remuneration incentive scheme Where a qualifying employee derives any gains or profits in any year of assessment, after the expiry...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr13K-</link><title>Income Tax Act 1947 - 13K Exemption of tax on income derived by non‑ordinarily resident individual</title><description>Exemption of tax on income derived by non‑ordinarily resident individual Where an NOR individual is resident in Singapore in any year of assessment within the period he or she is ...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr13L-</link><title>Income Tax Act 1947 - 13L Exemption of income of foreign account of philanthropic purpose trust</title><description>Exemption of income of foreign account of philanthropic purpose trust There is exempt from tax such income derived from — any funds or assets in any foreign account of a philanthr...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr13M-</link><title>Income Tax Act 1947 - 13M Exemption of income derived from asset securitisation transaction</title><description>Exemption of income derived from asset securitisation transaction There is exempt from tax, subject to such conditions as may be prescribed by regulations, income derived by an ap...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr13O-</link><title>Income Tax Act 1947 - 13O Exemption of income of company incorporated and resident in Singapore arising from funds managed by fund manager in Singapore</title><description>Exemption of income of company incorporated and resident in Singapore arising from funds managed by fund manager in Singapore Subject to such conditions as may be prescribed by re...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr13U-</link><title>Income Tax Act 1947 - 13U Exemption of income arising from funds managed by fund manager in Singapore</title><description>Exemption of income arising from funds managed by fund manager in Singapore Subject to such conditions as may be prescribed by regulations or specified in the letter of approval o...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr13V-</link><title>Income Tax Act 1947 - 13V Exemption of certain income of prescribed sovereign fund entity and approved foreign government‑owned entity</title><description>Exemption of certain income of prescribed sovereign fund entity and approved foreign government‑owned entity There is exempt from tax such income as the Minister may by regulation...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr14-</link><title>Income Tax Act 1947 - 14 Deductions allowed</title><description>Deductions allowed For the purpose of ascertaining the income of any person for any period from any source chargeable with tax under this Act (called in this Part the income), the...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr14A-</link><title>Income Tax Act 1947 - 14A Deduction for costs for protecting intellectual property</title><description>Deduction for costs for protecting intellectual property Subject to this section, where a person carrying on a trade or business has incurred — patenting costs during the period f...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr14C-</link><title>Income Tax Act 1947 - 14C Expenditure on research and development</title><description>Expenditure on research and development For the purpose of ascertaining the income of any person carrying on any trade or business and subject to subsection (4), the following exp...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr14D-</link><title>Income Tax Act 1947 - 14D Enhanced deduction for qualifying expenditure on research and development</title><description>Enhanced deduction for qualifying expenditure on research and development Subject to this section, for the purpose of ascertaining the income of a person carrying on any trade or ...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr14E-</link><title>Income Tax Act 1947 - 14E Further deduction for expenditure on research and development project</title><description>Further deduction for expenditure on research and development project Subject to this section, where the Comptroller is satisfied that — a person carrying on any trade or business...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr14J-</link><title>Income Tax Act 1947 - 14J Deduction for upfront land premium</title><description>Deduction for upfront land premium Where the Comptroller is satisfied that an upfront land premium has been paid by a lessee to a relevant body in respect of a designated lease fo...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr14L-</link><title>Income Tax Act 1947 - 14L Deduction for treasury shares transferred under employee equity‑based remuneration scheme</title><description>Deduction for treasury shares transferred under employee equity‑based remuneration scheme Where a company transfers, in the basis period for the year of assessment 2007 or any sub...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr14M-</link><title>Income Tax Act 1947 - 14M Deduction for shares transferred by special purpose vehicle under employee equity‑based remuneration scheme</title><description>Deduction for shares transferred by special purpose vehicle under employee equity‑based remuneration scheme Where — a special purpose vehicle has acquired treasury shares or previ...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr14O-</link><title>Income Tax Act 1947 - 14O Deduction for qualifying training expenditure</title><description>Deduction for qualifying training expenditure Subject to this section, for the purpose of ascertaining the income of a person carrying on a trade or business during the basis peri...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr14Q-</link><title>Income Tax Act 1947 - 14Q Deduction for expenditure on leasing of PIC automation equipment under qualifying lease</title><description>Deduction for expenditure on leasing of PIC automation equipment under qualifying lease Subject to this section, for the purpose of ascertaining the income of a person carrying on...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr14T-</link><title>Income Tax Act 1947 - 14T Deduction for expenditure on licensing intellectual property rights</title><description>Deduction for expenditure on licensing intellectual property rights Subject to this section and section 37J, for the purpose of ascertaining the income of a person carrying on a t...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr14W-</link><title>Income Tax Act 1947 - 14W Deduction for expenditure incurred by individual in deriving passive rental income in Singapore</title><description>Deduction for expenditure incurred by individual in deriving passive rental income in Singapore This section applies for the purpose of ascertaining an individual’s income for the...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr14Z-</link><title>Income Tax Act 1947 - 14Z Deduction for expenditure for services or secondment to institutions of a public character</title><description>Deduction for expenditure for services or secondment to institutions of a public character Subject to this section, where the Comptroller is satisfied that a qualifying person has...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr19-</link><title>Income Tax Act 1947 - 19 Initial and annual allowances for machinery or plant</title><description>Initial and annual allowances for machinery or plant Where a person carrying on a trade, profession or business incurs capital expenditure on the provision of machinery or plant f...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr19A-</link><title>Income Tax Act 1947 - 19A Allowances of 3 years or 2 years write‑off for machinery and plant, and 100% write‑off for computer, prescribed automation equipment and robot, etc.</title><description>Allowances of 3 years or 2 years write‑off for machinery and plant, and 100% write‑off for computer, prescribed automation equipment and robot, etc. Despite section 19, where a pe...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr19B-</link><title>Income Tax Act 1947 - 19B Writing‑down allowances for intellectual property rights</title><description>Writing‑down allowances for intellectual property rights Subject to this section, where a company carrying on a trade or business has incurred on or after capital expenditure in a...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr19D-</link><title>Income Tax Act 1947 - 19D Writing‑down allowance for IRU</title><description>Writing‑down allowance for IRU Subject to this section, where a person carrying on a trade, business or profession has incurred capital expenditure during or after the basis perio...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr19E-</link><title>Income Tax Act 1947 - 19E Use of open‑market price for making allowances under sections 19, 19A and 19D</title><description>Use of open‑market price for making allowances under sections 19, 19A and 19D This section applies for the purpose of making an allowance under section 19, 19A or 19D for capital ...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr20-</link><title>Income Tax Act 1947 - 20 Balancing allowances and charges for machinery or plant</title><description>Balancing allowances and charges for machinery or plant Except as provided in this section, where at any time after the setting up and on or before the permanent discontinuance of...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr23-</link><title>Income Tax Act 1947 - 23 Carry forward of allowances</title><description>Carry forward of allowances Where, in any year of assessment, full effect cannot, by reason of an insufficiency of gains or profits chargeable for that year of assessment, be give...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr34G-</link><title>Income Tax Act 1947 - 34G Modification of provisions for companies redomiciled in Singapore</title><description>Modification of provisions for companies redomiciled in Singapore This section applies to a body corporate incorporated outside Singapore that is registered as a company limited b...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr34H-</link><title>Income Tax Act 1947 - 34H Tax credits for approved redomiciled companies</title><description>Tax credits for approved redomiciled companies This section applies where — an approved redomiciled company has income (called in this section income A) that is chargeable to tax ...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr34I-</link><title>Income Tax Act 1947 - 34I Adjustments arising from adoption of FRS 115 or SFRS(I) 15</title><description>Adjustments arising from adoption of FRS 115 or SFRS(I) 15 This section applies where — a person prepares or maintains the person’s financial accounts for any basis period for a y...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr34J-</link><title>Income Tax Act 1947 - 34J Tax treatment arising from adoption of FRS 116 or SFRS(I) 16</title><description>Tax treatment arising from adoption of FRS 116 or SFRS(I) 16 Where an MSI recipient (called in this section an electing recipient) makes an election in accordance with subsection ...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr36A-</link><title>Income Tax Act 1947 - 36A Limited liability partnership</title><description>Limited liability partnership For the purposes of this Act, where a limited liability partnership carries on a trade, business, profession or vocation — all the activities of the ...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr36C-</link><title>Income Tax Act 1947 - 36C Limited partnership</title><description>Limited partnership For the purposes of this Act, except as otherwise provided — references to a partnership include references to a limited partnership; and references to partner...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr37-</link><title>Income Tax Act 1947 - 37 Assessable income</title><description>Assessable income The assessable income of any person from all sources chargeable with tax under this Act for any year of assessment is the remainder of the person’s statutory inc...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr37A-</link><title>Income Tax Act 1947 - 37A Adjustment of capital allowances, losses or donations between income subject to tax at different rates</title><description>Adjustment of capital allowances, losses or donations between income subject to tax at different rates This section applies where — a company has income subject to tax at differen...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr37B-</link><title>Income Tax Act 1947 - 37B Group relief for Singapore companies</title><description>Group relief for Singapore companies Subject to the provisions of this section, a transferor company may transfer any qualifying deduction for any year of assessment to a claimant...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr37D-</link><title>Income Tax Act 1947 - 37D Carry‑back of capital allowances and losses</title><description>Carry‑back of capital allowances and losses Subject to the provisions of this section, a person may deduct any qualifying deduction for any year of assessment against the person’s...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr37E-</link><title>Income Tax Act 1947 - 37E Carry‑back of capital allowances and losses between spouses</title><description>Carry‑back of capital allowances and losses between spouses Subject to the provisions of this section, an individual may transfer any qualifying deduction for any year of assessme...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr37F-</link><title>Income Tax Act 1947 - 37F Deduction for incremental expenditure on research and development</title><description>Deduction for incremental expenditure on research and development Subject to this section, where any company incurs during the basis period for any year of assessment between the ...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr37G-</link><title>Income Tax Act 1947 - 37G Cash payout under Productivity and Innovation Credit Scheme</title><description>Cash payout under Productivity and Innovation Credit Scheme Subject to this section, where any qualifying person has incurred expenditure — during the basis period relating to the...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr37H-</link><title>Income Tax Act 1947 - 37H Productivity and Innovation Credit bonus</title><description>Productivity and Innovation Credit bonus For each of the years of assessment 2013, 2014 and 2015, a person, being a company or firm (including a partnership) (called in this secti...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr37N-</link><title>Income Tax Act 1947 - 37N Deduction for qualifying investments in qualifying start‑up companies</title><description>Deduction for qualifying investments in qualifying start‑up companies Where an individual proposes to make one or more qualifying investments that complies with subsection (4) in ...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr37O-</link><title>Income Tax Act 1947 - 37O Deduction for acquisition of shares of companies</title><description>Deduction for acquisition of shares of companies Subject to this section, where — a Singapore company (called in this section the acquiring company); any one or more subsidiaries ...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr43C-</link><title>Income Tax Act 1947 - 43C Exemption and concessionary rate of tax for insurance and reinsurance business</title><description>Exemption and concessionary rate of tax for insurance and reinsurance business Despite section 43, the Minister may make regulations — to provide for tax at the rate of 10% to be ...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr43H-</link><title>Income Tax Act 1947 - 43H Concessionary rate of tax for income derived from debt securities</title><description>Concessionary rate of tax for income derived from debt securities Despite section 43, the Minister may by regulations provide that tax at the rate of 10% is to be levied and paid ...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr43J-</link><title>Income Tax Act 1947 - 43J Concessionary rate of tax for financial sector incentive company</title><description>Concessionary rate of tax for financial sector incentive company Despite section 43, the Minister may by regulations provide that tax at the rate of 5%, 10%, 12% or 13.5% is to be...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr43R-</link><title>Income Tax Act 1947 - 43R Concessionary rate of tax for approved insurance brokers</title><description>Concessionary rate of tax for approved insurance brokers Despite section 43, the Minister may by regulations provide that tax at the rate of 10% is to be levied and paid for each ...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr43S-</link><title>Income Tax Act 1947 - 43S Concessionary rate of tax for income derived from managing qualifying registered business trust or company</title><description>Concessionary rate of tax for income derived from managing qualifying registered business trust or company Despite section 43, the Minister may by regulations provide that tax at ...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr43U-</link><title>Income Tax Act 1947 - 43U Concessionary rate of tax for shipping‑related support services</title><description>Concessionary rate of tax for shipping‑related support services Despite section 43, tax at the rate of 10% is to be levied and paid for each year of assessment upon the amount of ...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr43W-</link><title>Income Tax Act 1947 - 43W Concessionary rate of tax for international growth company</title><description>Concessionary rate of tax for international growth company Despite section 43, the Minister may by regulations provide that tax at the rate of 10% is to be levied and paid upon th...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr45AA-</link><title>Income Tax Act 1947 - 45AA Tax deemed withheld and recoverable from person in breach of condition imposed under section 13(4)</title><description>Tax deemed withheld and recoverable from person in breach of condition imposed under section 13(4) Subsection (1A) applies where a notification has been made under section 13(4) t...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr45E-</link><title>Income Tax Act 1947 - 45E Application of section 45 to withdrawals by non‑citizen SRS members, etc.</title><description>Application of section 45 to withdrawals by non‑citizen SRS members, etc. Subject to subsections (2) and (2A), section 45 applies in relation to — any withdrawal made — under sect...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr45EA-</link><title>Income Tax Act 1947 - 45EA Approval of deduction of investment from SRS account of non‑citizen</title><description>Approval of deduction of investment from SRS account of non‑citizen This section applies to an investment made using funds from an SRS account of an SRS member who is not a citize...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr45I-</link><title>Income Tax Act 1947 - 45I Sections 45 and 45A not applicable to certain payments</title><description>Sections 45 and 45A not applicable to certain payments Sections 45(1) to (8) and 45A(1) do not apply to any income referred to in section 12(6) which is liable to be paid by a per...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr49-</link><title>Income Tax Act 1947 - 49 Avoidance of double taxation arrangements</title><description>Avoidance of double taxation arrangements If the Minister by order declares that arrangements specified in the order have been made with the government of any country outside Sing...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr81-</link><title>Income Tax Act 1947 - 81 Appeals to General Division of High Court</title><description>Appeals to General Division of High Court Except as provided in this section, the decision of the Board is final. 40/2019 In any case in which the amount of tax payable, tax to be...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr105R-</link><title>Income Tax Act 1947 - 105R Revocation of approval</title><description>Revocation of approval This section applies where — either — a person is approved by the Minister, an authorised body or a person appointed by the Minister (called in this subsect...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr107-</link><title>Income Tax Act 1947 - 107 Variable capital companies or VCCs</title><description>Variable capital companies or VCCs For the purposes of this Act, and subject to the modifications in this section and the rules under subsection (30), a reference to a company in ...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=Sc3-</link><title>Income Tax Act 1947 - Third Schedule </title><description>PROVISION THAT APPLIES IN PLACE OF SECTION 13W WHERE INCOME IS THAT OF AN UMBRELLA VCC FROM DISPOSAL OF ORDINARY SHARES IN A COMPANY OR VCC Sections 106(1) and 107(17) and (18) Se...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=Sc5-</link><title>Income Tax Act 1947 - Fifth Schedule Child relief</title><description>Sections 39(2) and (2AA), 39A and 106(1) Child relief Subject to the provisions of this Schedule, the allowable deduction to an individual in respect of each of his or her eligibl...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=xv-</link><title>Income Tax Act 1947 - Legislative History</title><description>This Legislative History is a service provided by the Law Revision Commission on a best-efforts basis. It is not part of the Act. Ordinance 39 of 1947 Income Tax Ordinance 1947 Da...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr10-</link><title>Income Tax Act 1947 - 10 Charge of income tax</title><description>Charge of income tax Income tax is, subject to the provisions of this Act, payable at the rate or rates specified hereinafter for each year of assessment upon the income of any pe...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr10G-</link><title>Income Tax Act 1947 - 10G Withdrawals from Supplementary Retirement Scheme</title><description>Withdrawals from Supplementary Retirement Scheme Where the amount of withdrawals made by an SRS member from his or her SRS account in any year exceeds the amount the SRS member co...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr13-</link><title>Income Tax Act 1947 - 13 Exempt income</title><description>Exempt income There is exempt from tax — subject to subsection (2) and such conditions as may be prescribed by regulations, the interest derived from — any qualifying debt securit...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr13D-</link><title>Income Tax Act 1947 - 13D Exemption of income of prescribed persons arising from funds managed by fund manager in Singapore</title><description>Exemption of income of prescribed persons arising from funds managed by fund manager in Singapore There is exempt from tax such income as the Minister may by regulations prescribe...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr13I-</link><title>Income Tax Act 1947 - 13I Exemption of tax on gains or profits from equity remuneration incentive scheme</title><description>Exemption of tax on gains or profits from equity remuneration incentive scheme Where a qualifying employee derives any gains or profits in any year of assessment, after the expiry...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr13K-</link><title>Income Tax Act 1947 - 13K Exemption of tax on income derived by non‑ordinarily resident individual</title><description>Exemption of tax on income derived by non‑ordinarily resident individual Where an NOR individual is resident in Singapore in any year of assessment within the period he or she is ...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr13O-</link><title>Income Tax Act 1947 - 13O Exemption of income of company incorporated and resident in Singapore arising from funds managed by fund manager in Singapore</title><description>Exemption of income of company incorporated and resident in Singapore arising from funds managed by fund manager in Singapore Subject to such conditions as may be prescribed by re...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr14-</link><title>Income Tax Act 1947 - 14 Deductions allowed</title><description>Deductions allowed For the purpose of ascertaining the income of any person for any period from any source chargeable with tax under this Act (called in this Part the income), the...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr14A-</link><title>Income Tax Act 1947 - 14A Deduction for costs for protecting intellectual property</title><description>Deduction for costs for protecting intellectual property Subject to this section, where a person carrying on a trade or business has incurred — patenting costs during the period f...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr14C-</link><title>Income Tax Act 1947 - 14C Expenditure on research and development</title><description>Expenditure on research and development For the purpose of ascertaining the income of any person carrying on any trade or business and subject to subsection (4), the following exp...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr14D-</link><title>Income Tax Act 1947 - 14D Enhanced deduction for qualifying expenditure on research and development</title><description>Enhanced deduction for qualifying expenditure on research and development Subject to this section, for the purpose of ascertaining the income of a person carrying on any trade or ...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr14E-</link><title>Income Tax Act 1947 - 14E Further deduction for expenditure on research and development project</title><description>Further deduction for expenditure on research and development project Subject to this section, where the Comptroller is satisfied that — a person carrying on any trade or business...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr14J-</link><title>Income Tax Act 1947 - 14J Deduction for upfront land premium</title><description>Deduction for upfront land premium Where the Comptroller is satisfied that an upfront land premium has been paid by a lessee to a relevant body in respect of a designated lease fo...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr14L-</link><title>Income Tax Act 1947 - 14L Deduction for treasury shares transferred under employee equity‑based remuneration scheme</title><description>Deduction for treasury shares transferred under employee equity‑based remuneration scheme Where a company transfers, in the basis period for the year of assessment 2007 or any sub...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr14M-</link><title>Income Tax Act 1947 - 14M Deduction for shares transferred by special purpose vehicle under employee equity‑based remuneration scheme</title><description>Deduction for shares transferred by special purpose vehicle under employee equity‑based remuneration scheme Where — a special purpose vehicle has acquired treasury shares or previ...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr14O-</link><title>Income Tax Act 1947 - 14O Deduction for qualifying training expenditure</title><description>Deduction for qualifying training expenditure Subject to this section, for the purpose of ascertaining the income of a person carrying on a trade or business during the basis peri...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr14Q-</link><title>Income Tax Act 1947 - 14Q Deduction for expenditure on leasing of PIC automation equipment under qualifying lease</title><description>Deduction for expenditure on leasing of PIC automation equipment under qualifying lease Subject to this section, for the purpose of ascertaining the income of a person carrying on...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr14T-</link><title>Income Tax Act 1947 - 14T Deduction for expenditure on licensing intellectual property rights</title><description>Deduction for expenditure on licensing intellectual property rights Subject to this section and section 37J, for the purpose of ascertaining the income of a person carrying on a t...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr14W-</link><title>Income Tax Act 1947 - 14W Deduction for expenditure incurred by individual in deriving passive rental income in Singapore</title><description>Deduction for expenditure incurred by individual in deriving passive rental income in Singapore This section applies for the purpose of ascertaining an individual’s income for the...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr14Z-</link><title>Income Tax Act 1947 - 14Z Deduction for expenditure for services or secondment to institutions of a public character</title><description>Deduction for expenditure for services or secondment to institutions of a public character Subject to this section, where the Comptroller is satisfied that a qualifying person has...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr19-</link><title>Income Tax Act 1947 - 19 Initial and annual allowances for machinery or plant</title><description>Initial and annual allowances for machinery or plant Where a person carrying on a trade, profession or business incurs capital expenditure on the provision of machinery or plant f...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr19A-</link><title>Income Tax Act 1947 - 19A Allowances of 3 years or 2 years write‑off for machinery and plant, and 100% write‑off for computer, prescribed automation equipment and robot, etc.</title><description>Allowances of 3 years or 2 years write‑off for machinery and plant, and 100% write‑off for computer, prescribed automation equipment and robot, etc. Despite section 19, where a pe...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr19B-</link><title>Income Tax Act 1947 - 19B Writing‑down allowances for intellectual property rights</title><description>Writing‑down allowances for intellectual property rights Subject to this section, where a company carrying on a trade or business has incurred on or after capital expenditure in a...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr19D-</link><title>Income Tax Act 1947 - 19D Writing‑down allowance for IRU</title><description>Writing‑down allowance for IRU Subject to this section, where a person carrying on a trade, business or profession has incurred capital expenditure during or after the basis perio...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr19E-</link><title>Income Tax Act 1947 - 19E Use of open‑market price for making allowances under sections 19, 19A and 19D</title><description>Use of open‑market price for making allowances under sections 19, 19A and 19D This section applies for the purpose of making an allowance under section 19, 19A or 19D for capital ...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr20-</link><title>Income Tax Act 1947 - 20 Balancing allowances and charges for machinery or plant</title><description>Balancing allowances and charges for machinery or plant Except as provided in this section, where at any time after the setting up and on or before the permanent discontinuance of...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr23-</link><title>Income Tax Act 1947 - 23 Carry forward of allowances</title><description>Carry forward of allowances Where, in any year of assessment, full effect cannot, by reason of an insufficiency of gains or profits chargeable for that year of assessment, be give...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr34G-</link><title>Income Tax Act 1947 - 34G Modification of provisions for companies redomiciled in Singapore</title><description>Modification of provisions for companies redomiciled in Singapore This section applies to a body corporate incorporated outside Singapore that is registered as a company limited b...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr34H-</link><title>Income Tax Act 1947 - 34H Tax credits for approved redomiciled companies</title><description>Tax credits for approved redomiciled companies This section applies where — an approved redomiciled company has income (called in this section income A) that is chargeable to tax ...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr34I-</link><title>Income Tax Act 1947 - 34I Adjustments arising from adoption of FRS 115 or SFRS(I) 15</title><description>Adjustments arising from adoption of FRS 115 or SFRS(I) 15 This section applies where — a person prepares or maintains the person’s financial accounts for any basis period for a y...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr34J-</link><title>Income Tax Act 1947 - 34J Tax treatment arising from adoption of FRS 116 or SFRS(I) 16</title><description>Tax treatment arising from adoption of FRS 116 or SFRS(I) 16 Where an MSI recipient (called in this section an electing recipient) makes an election in accordance with subsection ...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr36A-</link><title>Income Tax Act 1947 - 36A Limited liability partnership</title><description>Limited liability partnership For the purposes of this Act, where a limited liability partnership carries on a trade, business, profession or vocation — all the activities of the ...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr36C-</link><title>Income Tax Act 1947 - 36C Limited partnership</title><description>Limited partnership For the purposes of this Act, except as otherwise provided — references to a partnership include references to a limited partnership; and references to partner...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr37-</link><title>Income Tax Act 1947 - 37 Assessable income</title><description>Assessable income The assessable income of any person from all sources chargeable with tax under this Act for any year of assessment is the remainder of the person’s statutory inc...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr37A-</link><title>Income Tax Act 1947 - 37A Adjustment of capital allowances, losses or donations between income subject to tax at different rates</title><description>Adjustment of capital allowances, losses or donations between income subject to tax at different rates This section applies where — a company has income subject to tax at differen...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr37B-</link><title>Income Tax Act 1947 - 37B Group relief for Singapore companies</title><description>Group relief for Singapore companies Subject to the provisions of this section, a transferor company may transfer any qualifying deduction for any year of assessment to a claimant...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr37D-</link><title>Income Tax Act 1947 - 37D Carry‑back of capital allowances and losses</title><description>Carry‑back of capital allowances and losses Subject to the provisions of this section, a person may deduct any qualifying deduction for any year of assessment against the person’s...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr37E-</link><title>Income Tax Act 1947 - 37E Carry‑back of capital allowances and losses between spouses</title><description>Carry‑back of capital allowances and losses between spouses Subject to the provisions of this section, an individual may transfer any qualifying deduction for any year of assessme...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr37F-</link><title>Income Tax Act 1947 - 37F Deduction for incremental expenditure on research and development</title><description>Deduction for incremental expenditure on research and development Subject to this section, where any company incurs during the basis period for any year of assessment between the ...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr37G-</link><title>Income Tax Act 1947 - 37G Cash payout under Productivity and Innovation Credit Scheme</title><description>Cash payout under Productivity and Innovation Credit Scheme Subject to this section, where any qualifying person has incurred expenditure — during the basis period relating to the...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr37H-</link><title>Income Tax Act 1947 - 37H Productivity and Innovation Credit bonus</title><description>Productivity and Innovation Credit bonus For each of the years of assessment 2013, 2014 and 2015, a person, being a company or firm (including a partnership) (called in this secti...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr37N-</link><title>Income Tax Act 1947 - 37N Deduction for qualifying investments in qualifying start‑up companies</title><description>Deduction for qualifying investments in qualifying start‑up companies Where an individual proposes to make one or more qualifying investments that complies with subsection (4) in ...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr37O-</link><title>Income Tax Act 1947 - 37O Deduction for acquisition of shares of companies</title><description>Deduction for acquisition of shares of companies Subject to this section, where — a Singapore company (called in this section the acquiring company); any one or more subsidiaries ...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr43U-</link><title>Income Tax Act 1947 - 43U Concessionary rate of tax for shipping‑related support services</title><description>Concessionary rate of tax for shipping‑related support services Despite section 43, tax at the rate of 10% is to be levied and paid for each year of assessment upon the amount of ...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr43W-</link><title>Income Tax Act 1947 - 43W Concessionary rate of tax for international growth company</title><description>Concessionary rate of tax for international growth company Despite section 43, the Minister may by regulations provide that tax at the rate of 10% is to be levied and paid upon th...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr45E-</link><title>Income Tax Act 1947 - 45E Application of section 45 to withdrawals by non‑citizen SRS members, etc.</title><description>Application of section 45 to withdrawals by non‑citizen SRS members, etc. Subject to subsections (2) and (2A), section 45 applies in relation to — any withdrawal made — under sect...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr45EA-</link><title>Income Tax Act 1947 - 45EA Approval of deduction of investment from SRS account of non‑citizen</title><description>Approval of deduction of investment from SRS account of non‑citizen This section applies to an investment made using funds from an SRS account of an SRS member who is not a citize...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr49-</link><title>Income Tax Act 1947 - 49 Avoidance of double taxation arrangements</title><description>Avoidance of double taxation arrangements If the Minister by order declares that arrangements specified in the order have been made with the government of any country outside Sing...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr81-</link><title>Income Tax Act 1947 - 81 Appeals to General Division of High Court</title><description>Appeals to General Division of High Court Except as provided in this section, the decision of the Board is final. 40/2019 In any case in which the amount of tax payable, tax to be...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr107-</link><title>Income Tax Act 1947 - 107 Variable capital companies or VCCs</title><description>Variable capital companies or VCCs For the purposes of this Act, and subject to the modifications in this section and the rules under subsection (30), a reference to a company in ...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=Sc3-</link><title>Income Tax Act 1947 - Third Schedule </title><description>PROVISION THAT APPLIES IN PLACE OF SECTION 13W WHERE INCOME IS THAT OF AN UMBRELLA VCC FROM DISPOSAL OF ORDINARY SHARES IN A COMPANY OR VCC Sections 106(1) and 107(17) and (18) Se...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=Sc5-</link><title>Income Tax Act 1947 - Fifth Schedule Child relief</title><description>Sections 39(2) and (2AA), 39A and 106(1) Child relief Subject to the provisions of this Schedule, the allowable deduction to an individual in respect of each of his or her eligibl...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=xv-</link><title>Income Tax Act 1947 - Legislative History</title><description>This Legislative History is a service provided by the Law Revision Commission on a best-efforts basis. It is not part of the Act. Ordinance 39 of 1947 Income Tax Ordinance 1947 Da...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr43H-</link><title>Income Tax Act 1947 - 43H Concessionary rate of tax for income derived from debt securities</title><description>Concessionary rate of tax for income derived from debt securities Despite section 43, the Minister may by regulations provide that tax at the rate of 10% is to be levied and paid ...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr13M-</link><title>Income Tax Act 1947 - 13M Exemption of income derived from asset securitisation transaction</title><description>Exemption of income derived from asset securitisation transaction There is exempt from tax, subject to such conditions as may be prescribed by regulations, income derived by an ap...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr43R-</link><title>Income Tax Act 1947 - 43R Concessionary rate of tax for approved insurance brokers</title><description>Concessionary rate of tax for approved insurance brokers Despite section 43, the Minister may by regulations provide that tax at the rate of 10% is to be levied and paid for each ...</description><pubDate>Tue, 06 Dec 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230401?ValidDate=20230401&amp;ProvIds=pr2-</link><title>Income Tax Act 1947 - 2 Interpretation</title><description>Interpretation 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...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947?ValidDate=20240426&amp;ProvIds=pr6-</link><title>Income Tax Act 1947 - 6 Official secrecy</title><description>Official secrecy Every person having any official duty or being employed in the administration of this Act must regard and deal with all documents, information, returns, assessmen...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221104?ValidDate=20221104&amp;ProvIds=pr10-</link><title>Income Tax Act 1947 - 10 Charge of income tax</title><description>Charge of income tax Income tax is, subject to the provisions of this Act, payable at the rate or rates specified hereinafter for each year of assessment upon the income of any pe...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221104?ValidDate=20221104&amp;ProvIds=pr10B-</link><title>Income Tax Act 1947 - 10B Excess provident fund contributions, etc., deemed to be income</title><description>Excess provident fund contributions, etc., deemed to be income Despite section 13(1)(j ), where in any year, contributions have been made by an employer in respect of an employee ...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221104?ValidDate=20221104&amp;ProvIds=pr10G-</link><title>Income Tax Act 1947 - 10G Withdrawals from Supplementary Retirement Scheme</title><description>Withdrawals from Supplementary Retirement Scheme Where the amount of withdrawals made by an SRS member from his or her SRS account in any year exceeds the amount the SRS member co...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221104?ValidDate=20221104&amp;ProvIds=pr13-</link><title>Income Tax Act 1947 - 13 Exempt income</title><description>Exempt income There is exempt from tax — subject to subsection (2) and such conditions as may be prescribed by regulations, the interest derived from — any qualifying debt securit...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221104?ValidDate=20221104&amp;ProvIds=pr13D-</link><title>Income Tax Act 1947 - 13D Exemption of income of prescribed persons arising from funds managed by fund manager in Singapore</title><description>Exemption of income of prescribed persons arising from funds managed by fund manager in Singapore There is exempt from tax such income as the Minister may by regulations prescribe...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr13E-</link><title>Income Tax Act 1947 - 13E Exemption of international shipping profits</title><description>Exemption of international shipping profits Subject to subsections (1A) and (2), there is exempt from tax the income of an approved international shipping enterprise derived — on ...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr13F-</link><title>Income Tax Act 1947 - 13F Exemption of income of foreign trust</title><description>Exemption of income of foreign trust There is exempt from tax such income as the Minister may by regulations prescribe of such foreign trust or eligible holding company establishe...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr13H-</link><title>Income Tax Act 1947 - 13H Exemption of tax on gains or profits from equity remuneration incentive scheme (SMEs)</title><description>Exemption of tax on gains or profits from equity remuneration incentive scheme (SMEs) Where a qualifying employee derives any gains or profits in any year of assessment, after the...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221104?ValidDate=20221104&amp;ProvIds=pr13I-</link><title>Income Tax Act 1947 - 13I Exemption of tax on gains or profits from equity remuneration incentive scheme</title><description>Exemption of tax on gains or profits from equity remuneration incentive scheme Where a qualifying employee derives any gains or profits in any year of assessment, after the expiry...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221104?ValidDate=20221104&amp;ProvIds=pr13K-</link><title>Income Tax Act 1947 - 13K Exemption of tax on income derived by non‑ordinarily resident individual</title><description>Exemption of tax on income derived by non‑ordinarily resident individual Where an NOR individual is resident in Singapore in any year of assessment within the period he or she is ...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221104?ValidDate=20221104&amp;ProvIds=pr13O-</link><title>Income Tax Act 1947 - 13O Exemption of income of company incorporated and resident in Singapore arising from funds managed by fund manager in Singapore</title><description>Exemption of income of company incorporated and resident in Singapore arising from funds managed by fund manager in Singapore Subject to such conditions as may be prescribed by re...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr13X-</link><title>Income Tax Act 1947 - 13X Exemption of certain payments received in connection with COVID‑19 events</title><description>Exemption of certain payments received in connection with COVID‑19 events The following are exempt from tax: a cash payment made on behalf of the Government to a person under the ...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221104?ValidDate=20221104&amp;ProvIds=pr14-</link><title>Income Tax Act 1947 - 14 Deductions allowed</title><description>Deductions allowed For the purpose of ascertaining the income of any person for any period from any source chargeable with tax under this Act (called in this Part the income), the...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221104?ValidDate=20221104&amp;ProvIds=pr14A-</link><title>Income Tax Act 1947 - 14A Deduction for costs for protecting intellectual property</title><description>Deduction for costs for protecting intellectual property Subject to this section, where a person carrying on a trade or business has incurred — patenting costs during the period f...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr14B-</link><title>Income Tax Act 1947 - 14B Further deduction for expenses relating to approved trade fairs, exhibitions or trade missions or to maintenance of overseas trade office</title><description>Further deduction for expenses relating to approved trade fairs, exhibitions or trade missions or to maintenance of overseas trade office Subject to this section, where the Comptr...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221104?ValidDate=20221104&amp;ProvIds=pr14C-</link><title>Income Tax Act 1947 - 14C Expenditure on research and development</title><description>Expenditure on research and development For the purpose of ascertaining the income of any person carrying on any trade or business and subject to subsection (4), the following exp...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221104?ValidDate=20221104&amp;ProvIds=pr14D-</link><title>Income Tax Act 1947 - 14D Enhanced deduction for qualifying expenditure on research and development</title><description>Enhanced deduction for qualifying expenditure on research and development Subject to this section, for the purpose of ascertaining the income of a person carrying on any trade or ...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221104?ValidDate=20221104&amp;ProvIds=pr14E-</link><title>Income Tax Act 1947 - 14E Further deduction for expenditure on research and development project</title><description>Further deduction for expenditure on research and development project Subject to this section, where the Comptroller is satisfied that — a person carrying on any trade or business...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221104?ValidDate=20221104&amp;ProvIds=pr14J-</link><title>Income Tax Act 1947 - 14J Deduction for upfront land premium</title><description>Deduction for upfront land premium Where the Comptroller is satisfied that an upfront land premium has been paid by a lessee to a relevant body in respect of a designated lease fo...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221104?ValidDate=20221104&amp;ProvIds=pr14L-</link><title>Income Tax Act 1947 - 14L Deduction for treasury shares transferred under employee equity‑based remuneration scheme</title><description>Deduction for treasury shares transferred under employee equity‑based remuneration scheme Where a company transfers, in the basis period for the year of assessment 2007 or any sub...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221104?ValidDate=20221104&amp;ProvIds=pr14M-</link><title>Income Tax Act 1947 - 14M Deduction for shares transferred by special purpose vehicle under employee equity‑based remuneration scheme</title><description>Deduction for shares transferred by special purpose vehicle under employee equity‑based remuneration scheme Where — a special purpose vehicle has acquired treasury shares or previ...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221104?ValidDate=20221104&amp;ProvIds=pr14O-</link><title>Income Tax Act 1947 - 14O Deduction for qualifying training expenditure</title><description>Deduction for qualifying training expenditure Subject to this section, for the purpose of ascertaining the income of a person carrying on a trade or business during the basis peri...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221104?ValidDate=20221104&amp;ProvIds=pr14Q-</link><title>Income Tax Act 1947 - 14Q Deduction for expenditure on leasing of PIC automation equipment under qualifying lease</title><description>Deduction for expenditure on leasing of PIC automation equipment under qualifying lease Subject to this section, for the purpose of ascertaining the income of a person carrying on...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221104?ValidDate=20221104&amp;ProvIds=pr14T-</link><title>Income Tax Act 1947 - 14T Deduction for expenditure on licensing intellectual property rights</title><description>Deduction for expenditure on licensing intellectual property rights Subject to this section and section 37J, for the purpose of ascertaining the income of a person carrying on a t...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221104?ValidDate=20221104&amp;ProvIds=pr14U-</link><title>Income Tax Act 1947 - 14U Enhanced deduction for expenditure on licensing intellectual property rights</title><description>Enhanced deduction for expenditure on licensing intellectual property rights Subject to this section, for the purpose of ascertaining the income of a person carrying on a trade or...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221104?ValidDate=20221104&amp;ProvIds=pr14W-</link><title>Income Tax Act 1947 - 14W Deduction for expenditure incurred by individual in deriving passive rental income in Singapore</title><description>Deduction for expenditure incurred by individual in deriving passive rental income in Singapore This section applies for the purpose of ascertaining an individual’s income for the...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221104?ValidDate=20221104&amp;ProvIds=pr14Z-</link><title>Income Tax Act 1947 - 14Z Deduction for expenditure for services or secondment to institutions of a public character</title><description>Deduction for expenditure for services or secondment to institutions of a public character Subject to this section, where the Comptroller is satisfied that a qualifying person has...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr15-</link><title>Income Tax Act 1947 - 15 Deductions not allowed</title><description>Deductions not allowed Despite the provisions of this Act, for the purpose of ascertaining the income of any person, no deduction is allowed in respect of — domestic or private ex...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221104?ValidDate=20221104&amp;ProvIds=pr19-</link><title>Income Tax Act 1947 - 19 Initial and annual allowances for machinery or plant</title><description>Initial and annual allowances for machinery or plant Where a person carrying on a trade, profession or business incurs capital expenditure on the provision of machinery or plant f...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221104?ValidDate=20221104&amp;ProvIds=pr19A-</link><title>Income Tax Act 1947 - 19A Allowances of 3 years or 2 years write‑off for machinery and plant, and 100% write‑off for computer, prescribed automation equipment and robot, etc.</title><description>Allowances of 3 years or 2 years write‑off for machinery and plant, and 100% write‑off for computer, prescribed automation equipment and robot, etc. Despite section 19, where a pe...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221104?ValidDate=20221104&amp;ProvIds=pr19B-</link><title>Income Tax Act 1947 - 19B Writing‑down allowances for intellectual property rights</title><description>Writing‑down allowances for intellectual property rights Subject to this section, where a company carrying on a trade or business has incurred on or after capital expenditure in a...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221104?ValidDate=20221104&amp;ProvIds=pr19D-</link><title>Income Tax Act 1947 - 19D Writing‑down allowance for IRU</title><description>Writing‑down allowance for IRU Subject to this section, where a person carrying on a trade, business or profession has incurred capital expenditure during or after the basis perio...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221104?ValidDate=20221104&amp;ProvIds=pr19E-</link><title>Income Tax Act 1947 - 19E Use of open‑market price for making allowances under sections 19, 19A and 19D</title><description>Use of open‑market price for making allowances under sections 19, 19A and 19D This section applies for the purpose of making an allowance under section 19, 19A or 19D for capital ...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221104?ValidDate=20221104&amp;ProvIds=pr20-</link><title>Income Tax Act 1947 - 20 Balancing allowances and charges for machinery or plant</title><description>Balancing allowances and charges for machinery or plant Except as provided in this section, where at any time after the setting up and on or before the permanent discontinuance of...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221104?ValidDate=20221104&amp;ProvIds=pr23-</link><title>Income Tax Act 1947 - 23 Carry forward of allowances</title><description>Carry forward of allowances Where, in any year of assessment, full effect cannot, by reason of an insufficiency of gains or profits chargeable for that year of assessment, be give...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=P17-</link><title>Income Tax Act 1947 - Part 7 ASCERTAINMENT OF CERTAIN INCOME</title><description>ASCERTAINMENT OF CERTAIN INCOME</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221104?ValidDate=20221104&amp;ProvIds=pr26-</link><title>Income Tax Act 1947 - 26 Profits of insurers</title><description>Profits of insurers Subject to sections 34A, 34AA and 34AAA , this section has effect despite anything to the contrary in this Act, except that nothing in this section affects the...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221104?ValidDate=20221104&amp;ProvIds=pr26A-</link><title>Income Tax Act 1947 - 26A Ascertainment of income of member of Lloyd’s syndicate</title><description>Ascertainment of income of member of Lloyd’s syndicate Where a business of insuring and reinsuring risks is carried on by any member of Lloyd’s through a syndicate formed to carry...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221104?ValidDate=20221104&amp;ProvIds=pr34A-</link><title>Income Tax Act 1947 - 34A Adjustment on change of basis of computing profits of financial instruments resulting from FRS 39 or SFRS for Small Entities</title><description>Adjustment on change of basis of computing profits of financial instruments resulting from FRS 39 or SFRS for Small Entities Despite the provisions of this Act, the amount of any ...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221206?ValidDate=20221206&amp;ProvIds=pr34AA-</link><title>Income Tax Act 1947 - 34AA Adjustment on change of basis of computing profits of financial instruments resulting from FRS 109 or SFRS(I) 9</title><description>Adjustment on change of basis of computing profits of financial instruments resulting from FRS 109 or SFRS(I) 9 Despite the provisions of this Act but subject to section 34G(3), (...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230101?ValidDate=20230101&amp;ProvIds=pr34AAA-</link><title>Income Tax Act 1947 - 34AAA Change of basis for computing profits from financial instruments for insurers</title><description>Change of basis for computing profits from financial instruments for insurers Despite the provisions of this Act but subject to section 34G(3), (4) and (5), the amount of any prof...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20221104?ValidDate=20221104&amp;ProvIds=pr34AB-</link><title>Income Tax Act 1947 - 34AB Chargeability of profit or loss from foreign exchange differences</title><description>Chargeability of profit or loss from foreign exchange differences This section applies where a person is a party to a transaction that is or is to be settled in a currency that is...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item></channel></rss>