﻿<?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/20180504?DocDate=20051115&amp;ValidDate=20180504&amp;ViewType=Rss</link><description>Singapore Statutes Online RSS Feed</description><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=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/20231030?ValidDate=20231030&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/20231030?ValidDate=20231030&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/20231030?ValidDate=20231030&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/20231030?ValidDate=20231030&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/20231229?ValidDate=20231229&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/20231030?ValidDate=20231030&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/20231030?ValidDate=20231030&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/20231229?ValidDate=20231229&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/20231030?ValidDate=20231030&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/20231030?ValidDate=20231030&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/20231229?ValidDate=20231229&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/20231229?ValidDate=20231229&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/20231030?ValidDate=20231030&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/20231030?ValidDate=20231030&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/20231030?ValidDate=20231030&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/20231229?ValidDate=20231229&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/20231030?ValidDate=20231030&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/20231030?ValidDate=20231030&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/20231030?ValidDate=20231030&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/20231030?ValidDate=20231030&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/20231030?ValidDate=20231030&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/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/20231030?ValidDate=20231030&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=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/20230901?ValidDate=20230901&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/20230901?ValidDate=20230901&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/20230901?ValidDate=20230901&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=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/20230821?ValidDate=20230821&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/20230901?ValidDate=20230901&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/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/20231030?ValidDate=20231030&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/20230901?ValidDate=20230901&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/20230901?ValidDate=20230901&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/20230901?ValidDate=20230901&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/20230821?ValidDate=20230821&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/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/20230901?ValidDate=20230901&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/20230901?ValidDate=20230901&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/20230901?ValidDate=20230901&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/20230901?ValidDate=20230901&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/20230821?ValidDate=20230821&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/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/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/20230821?ValidDate=20230821&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=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/20230901?ValidDate=20230901&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/20230821?ValidDate=20230821&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=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/20230901?ValidDate=20230901&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/20230821?ValidDate=20230821&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/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/20231030?ValidDate=20231030&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/20230821?ValidDate=20230821&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=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/20230901?ValidDate=20230901&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/20230901?ValidDate=20230901&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/20230821?ValidDate=20230821&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/20230821?ValidDate=20230821&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/20230901?ValidDate=20230901&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/20230901?ValidDate=20230901&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/20230821?ValidDate=20230821&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/20230901?ValidDate=20230901&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/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/20230821?ValidDate=20230821&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/Historical/20231229?ValidDate=20231229&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/20231030?ValidDate=20231030&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/20231030?ValidDate=20231030&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/20230901?ValidDate=20230901&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/20230901?ValidDate=20230901&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/20230821?ValidDate=20230821&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/20230901?ValidDate=20230901&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/20230901?ValidDate=20230901&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/20230901?ValidDate=20230901&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/20230821?ValidDate=20230821&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/20230821?ValidDate=20230821&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/20230821?ValidDate=20230821&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><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr34F-</link><title>Income Tax Act 1947 - 34F Transfer pricing documentation</title><description>Transfer pricing documentation This section applies to the basis period for the year of assessment 2019 and every subsequent year of assessment. 39/2017 This section applies to a ...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&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>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr37J-</link><title>Income Tax Act 1947 - 37J Enhanced deduction or allowance under Productivity and Innovation Credit Plus Scheme</title><description>Enhanced deduction or allowance under Productivity and Innovation Credit Plus Scheme A person who — during the basis period for the year of assessment 2015, 2016, 2017 or 2018, ha...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&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>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&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, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&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, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&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) and (2) , section 45 applies in relation to...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr62-</link><title>Income Tax Act 1947 - 62 Notice of chargeability and returns</title><description>Notice of chargeability and returns The Comptroller may, by notice in the Gazette , require every person to furnish to the Comptroller in such form and manner as the Comptroller m...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr62B-</link><title>Income Tax Act 1947 - 62B Currency other than Singapore dollar to be used in certain circumstances</title><description>Currency other than Singapore dollar to be used in certain circumstances Where a person maintains the person’s financial accounts in respect of any trade, business, profession or ...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr63-</link><title>Income Tax Act 1947 - 63 Furnishing of estimate of chargeable income if no return is made under section 62</title><description>Furnishing of estimate of chargeable income if no return is made under section 62 Subject to subsection (1AAA), and unless exempted by rules mentioned in subsection (3), every per...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr68-</link><title>Income Tax Act 1947 - 68 Official information and secrecy, and returns by employer</title><description>Official information and secrecy, and returns by employer The Comptroller may require any officer in the employment of the Government or of any public authority or body corporate ...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr71-</link><title>Income Tax Act 1947 - 71 Return to be made by partnership</title><description>Return to be made by partnership Where a trade, business, profession or vocation is carried on by 2 or more persons jointly, the precedent partner, that is to say, the partner who...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr74-</link><title>Income Tax Act 1947 - 74 Additional assessments</title><description>Additional assessments Where it appears to the Comptroller that any person liable to tax has not been assessed or has been assessed at a less amount than that which ought to have ...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr86-</link><title>Income Tax Act 1947 - 86 Recovery of tax from persons leaving Singapore</title><description>Recovery of tax from persons leaving Singapore Where the Comptroller is of the opinion that any person is about or likely to leave Singapore without paying all tax assessed upon t...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr93A-</link><title>Income Tax Act 1947 - 93A Relief in respect of error or mistake</title><description>Relief in respect of error or mistake If any person alleges that for any year of assessment — an assessment is excessive; or any unabsorbed loss, allowance or donation that may be...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr105M-</link><title>Income Tax Act 1947 - 105M Offences</title><description>Offences Any person who, without reasonable excuse, fails or neglects to comply with — section 105L(1); or any regulation made under section 105P that requires the person to apply...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=pr106-</link><title>Income Tax Act 1947 - 106 Powers to amend Schedules</title><description>Powers to amend Schedules Parliament may, by resolution, add to, vary or revoke the whole or any part of any Schedule. Parliament may, by resolution, exempt any person or class of...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=Sc11-</link><title>Income Tax Act 1947 - Eleventh  Schedule Prescribed information</title><description>Sections 6(12B) and 106(3) Prescribed information The name of a company The tax reference number of a company The revenue of a company in the basis period for any year of assessme...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&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/Historical/20230901?ValidDate=20230901&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/20230901?ValidDate=20230901&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/20230901?ValidDate=20230901&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/20230901?ValidDate=20230901&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>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&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>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&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) and (2) , section 45 applies in relation to...</description><pubDate>Fri, 04 Nov 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230901?ValidDate=20230901&amp;ProvIds=xy-</link><title>Income Tax Act 1947 - Comparative Table</title><description>This Act has undergone renumbering in the 2020 Revised Edition. This Comparative Table is provided to help readers locate the corresponding provisions in the last Revised Edition....</description><pubDate>Mon, 11 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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>Fri, 01 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&amp;ProvIds=pr83-</link><title>Income Tax Act 1947 - 83 Proceedings before Board</title><description>Proceedings before Board Subject to subsections (2) and (3), all proceedings before the Board must be heard in private . 32/2019 Act 25 of 2021 wef 01/04/2022 Where the Comptrolle...</description><pubDate>Fri, 01 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&amp;ProvIds=pr89-</link><title>Income Tax Act 1947 - 89 Suit for tax by Comptroller</title><description>Suit for tax by Comptroller Despite the provisions of any other written law, tax, interest and any penalty imposed under this Act and any sum due to the Government under section 4...</description><pubDate>Fri, 01 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&amp;ProvIds=pr105HA-</link><title>Income Tax Act 1947 - 105HA Confidentiality requirements for judicial review proceedings</title><description>Confidentiality requirements for judicial review proceedings This section applies to a judicial review instituted by any person in respect of — any action taken by the Comptroller...</description><pubDate>Fri, 01 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&amp;ProvIds=pr105Q-</link><title>Income Tax Act 1947 - 105Q Confidentiality requirements for judicial review proceedings</title><description>Confidentiality requirements for judicial review proceedings This section applies to a judicial review instituted by any person in respect of — any action taken by the Comptroller...</description><pubDate>Fri, 01 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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>Fri, 01 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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>Fri, 01 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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>Fri, 01 Apr 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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>Sat, 01 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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>Sat, 01 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 Jan 2022 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=P11-</link><title>Income Tax Act 1947 - Part 1 PRELIMINARY</title><description>PRELIMINARY</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr1-</link><title>Income Tax Act 1947 - 1 Short title</title><description>Short title This Act is the Income Tax Act 1947 .</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=P12-</link><title>Income Tax Act 1947 - Part 2 ADMINISTRATION</title><description>ADMINISTRATION</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr3A-</link><title>Income Tax Act 1947 - 3A Assignment of function or power to public body</title><description>Assignment of function or power to public body This section applies where the Minister, after consultation with the responsible Minister of a public body, by notification in the G...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr4-</link><title>Income Tax Act 1947 - 4 Powers of Comptroller</title><description>Powers of Comptroller The Comptroller may, by notification in the Gazette or in writing, authorise any person, within or without Singapore, to perform or to assist in the performa...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr5-</link><title>Income Tax Act 1947 - 5 Approved pension or provident fund or society</title><description>Approved pension or provident fund or society The Comptroller may, subject to such conditions as the Comptroller may think fit to impose, approve any pension or provident fund or ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr7-</link><title>Income Tax Act 1947 - 7 Rules</title><description>Rules The Minister may make rules — to provide for the deduction and payment of tax at the source in respect of income from any employment, and for the recovery of tax so deducted...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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 n...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=P13-</link><title>Income Tax Act 1947 - Part 3 IMPOSITION OF INCOME TAX</title><description>IMPOSITION OF INCOME TAX</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr10A-</link><title>Income Tax Act 1947 - 10A Profits of unit trusts</title><description>Profits of unit trusts Despite any other provisions of this Act, the Minister may by regulations — provide that tax on gains or profits derived on or after from the disposal of se...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr10C-</link><title>Income Tax Act 1947 - 10C Income from finance or operating lease</title><description>Income from finance or operating lease Despite any other provisions of this Act, the Minister may by regulations provide for the circumstances in which the Comptroller may direct ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr10D-</link><title>Income Tax Act 1947 - 10D Ascertainment of income from business of making investments</title><description>Ascertainment of income from business of making investments Despite any other provisions of this Act, in determining the income of a company or trustee of a property trust derived...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr10F-</link><title>Income Tax Act 1947 - 10F Ascertainment of income from business of hiring out motor cars or providing driving instruction or chauffeur services</title><description>Ascertainment of income from business of hiring out motor cars or providing driving instruction or chauffeur services Despite any other provisions of this Act, in determining the ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, sho...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr10J-</link><title>Income Tax Act 1947 - 10J Tax treatment for trading stock appropriated for non‑trade or capital purpose</title><description>Tax treatment for trading stock appropriated for non‑trade or capital purpose This section applies where, at any time on or after , a person carrying on a trade or business approp...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr11-</link><title>Income Tax Act 1947 - 11 Ascertainment of income of clubs, trade associations, etc.</title><description>Ascertainment of income of clubs, trade associations, etc. A body of persons, whether corporate or unincorporate, that carries on a club or similar institution and receives from i...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr12-</link><title>Income Tax Act 1947 - 12 Sources of income</title><description>Sources of income Trading operations carried on partly in Singapore Where a non‑resident person carries on a trade or business of which only part of the operations is carried on i...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=P14-</link><title>Income Tax Act 1947 - Part 4 EXEMPTION FROM INCOME TAX</title><description>EXEMPTION FROM INCOME TAX</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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 a...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr13B-</link><title>Income Tax Act 1947 - 13B Assessment of income not entitled to exemption under section 43A, 43C, 43D or 43H</title><description>Assessment of income not entitled to exemption under section 43A, 43C, 43D or 43H Despite section 13(1)(y ), where it appears to the Comptroller that any income of a person which ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr13C-</link><title>Income Tax Act 1947 - 13C Exemption of income of trustee of trust fund arising from funds managed by fund manager in Singapore</title><description>Exemption of income of trustee of trust fund arising from funds managed by fund manager in Singapore There is exempt from tax such income as the Minister may by regulations prescr...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr13J-</link><title>Income Tax Act 1947 - 13J Exemption of tax on gains or profits from equity remuneration incentive scheme (start‑ups)</title><description>Exemption of tax on gains or profits from equity remuneration incentive scheme (start‑ups) Where a qualifying employee derives any gains or profits in any year of assessment, afte...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr13N-</link><title>Income Tax Act 1947 - 13N Exemption of relevant income of prescribed locally‑administered trust</title><description>Exemption of relevant income of prescribed locally‑administered trust There is exempt from tax all relevant income of — such locally‑administered trust as the Minister may by regu...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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 tr...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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 such person as he may appoint ma...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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 internatio...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr13T-</link><title>Income Tax Act 1947 - 13T Exemption of relevant income of eligible family‑owned investment holding company</title><description>Exemption of relevant income of eligible family‑owned investment holding company There is exempt from tax all relevant income of an eligible family‑owned investment holding compan...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr13W-</link><title>Income Tax Act 1947 - 13W Exemption of gains or profits from disposal of ordinary shares</title><description>Exemption of gains or profits from disposal of ordinary shares There is exempt from tax any gains or profits derived by a company (called in this section the divesting company) fr...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=P15-</link><title>Income Tax Act 1947 - Part 5 DEDUCTIONS AGAINST INCOME</title><description>DEDUCTIONS AGAINST INCOME</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr14K-</link><title>Income Tax Act 1947 - 14K Deduction for special reserve of approved general insurer</title><description>Deduction for special reserve of approved general insurer The Minister may by regulations provide that, for the purpose of ascertaining the income of a general insurer approved by...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr14P-</link><title>Income Tax Act 1947 - 14P Deduction for qualifying design expenditure</title><description>Deduction for qualifying design expenditure Subject to this section, for the purpose of ascertaining the income of a person carrying on a trade or business during the basis period...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr14R-</link><title>Income Tax Act 1947 - 14R Deduction for expenses incurred before first dollar of income from trade, business, profession or vocation</title><description>Deduction for expenses incurred before first dollar of income from trade, business, profession or vocation Subject to section 14X, a person who — derives the first dollar of incom...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr14V-</link><title>Income Tax Act 1947 - 14V Deduction for expenditure incurred to comply with statutory and regulatory requirements</title><description>Deduction for expenditure incurred to comply with statutory and regulatory requirements For the purpose of ascertaining the income of any person for the basis period for the year ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr14Y-</link><title>Income Tax Act 1947 - 14Y Further or double deduction for qualifying expenditure on issue of debentures and making available debentures for secondary trading</title><description>Further or double deduction for qualifying expenditure on issue of debentures and making available debentures for secondary trading Where the Comptroller is satisfied that qualify...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr14ZA-</link><title>Income Tax Act 1947 - 14ZA Deduction for expenditure incurred in deriving income from driving chauffeured private hire car or taxi</title><description>Deduction for expenditure incurred in deriving income from driving chauffeured private hire car or taxi Subsection (2) applies for the purpose of ascertaining an individual’s inco...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr14ZB-</link><title>Income Tax Act 1947 - 14ZB Deduction for expenditure incurred by individual in deriving commission</title><description>Deduction for expenditure incurred by individual in deriving commission This section applies for the purpose of ascertaining, for the basis period for the year of assessment 2020 ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr14ZD-</link><title>Income Tax Act 1947 - 14ZD Deduction for payments made to lessees or licensees to mitigate impact of COVID‑19 event</title><description>Deduction for payments made to lessees or licensees to mitigate impact of COVID‑19 event Each provision in the first column of the following table applies for the purpose of ascer...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr14ZE-</link><title>Income Tax Act 1947 - 14ZE Deduction for expenditure incurred in obtaining or granting, etc., leases of immovable properties</title><description>Deduction for expenditure incurred in obtaining or granting, etc., leases of immovable properties Subject to subsections (3), (4) and (5), for the purpose of ascertaining the inco...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr14ZF-</link><title>Income Tax Act 1947 - 14ZF Deduction for expenditure incurred on immovable property while vacant</title><description>Deduction for expenditure incurred on immovable property while vacant This section applies where an immovable property used by a person to derive rental income chargeable to tax u...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr15A-</link><title>Income Tax Act 1947 - 15A Limit on deduction allowed for leasing or licensing expenditure in 2020</title><description>Limit on deduction allowed for leasing or licensing expenditure in 2020 No deduction is allowed in respect of expenditure incurred in the year 2020 by a person on leasing or licen...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr15B-</link><title>Income Tax Act 1947 - 15B Limit on deduction allowed for leasing or licensing expenditure in 2021</title><description>Limit on deduction allowed for leasing or licensing expenditure in 2021 No deduction is allowed in respect of any expenditure incurred in the year 2021 by a person who is a lessee...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=P16-</link><title>Income Tax Act 1947 - Part 6 CAPITAL ALLOWANCES</title><description>CAPITAL ALLOWANCES</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr16-</link><title>Income Tax Act 1947 - 16 Initial and annual allowances for industrial buildings and structures</title><description>Initial and annual allowances for industrial buildings and structures Where, in or after the basis period for the first year of assessment under this Act, a person incurs capital ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr17-</link><title>Income Tax Act 1947 - 17 Balancing allowances and charges for industrial buildings and structures</title><description>Balancing allowances and charges for industrial buildings and structures Where any of the events referred to in subsection (1A) occurs while a building or structure is an industri...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr18-</link><title>Income Tax Act 1947 - 18 Definitions for sections 16, 17 and 18B</title><description>Definitions for sections 16, 17 and 18B Subject to this section, in sections 16, 17 and 18B, industrial building or structure means a building or structure in use — for the purpos...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr18B-</link><title>Income Tax Act 1947 - 18B Transitional provisions for capital expenditure incurred on industrial buildings or structures on or after 23 Febuary 2010</title><description>Transitional provisions for capital expenditure incurred on industrial buildings or structures on or after Despite section 16(15) but subject to subsection (11), where a person in...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr19C-</link><title>Income Tax Act 1947 - 19C Writing‑down allowances for approved cost‑sharing agreement for research and development activities</title><description>Writing‑down allowances for approved cost‑sharing agreement for research and development activities Subject to this section, where a person carrying on a trade or business has inc...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr21-</link><title>Income Tax Act 1947 - 21 Replacement of machinery or plant</title><description>Replacement of machinery or plant Where machinery or plant in the case of which any of the events mentioned in section 20(1) has occurred is replaced by the owner thereof and a ba...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr22-</link><title>Income Tax Act 1947 - 22 Expenditure on machinery or plant</title><description>Expenditure on machinery or plant Expenditure on the provision of machinery or plant includes capital expenditure on alterations to an existing building incidental to the installa...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr22A-</link><title>Income Tax Act 1947 - 22A Order of set‑off of allowances</title><description>Order of set‑off of allowances Where for any year of assessment the allowances consist of allowances a person is entitled to or allowances made to a person under section 16, 17, 1...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr24-</link><title>Income Tax Act 1947 - 24 Special provisions as to certain sales</title><description>Special provisions as to certain sales This section, except subsection (5), has effect in relation to any sale of any property where the buyer is a body of persons over whom the s...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr25-</link><title>Income Tax Act 1947 - 25 Special provisions as to certain transfers</title><description>Special provisions as to certain transfers This section has effect in relation to any transfer of any property without consideration as a result of — a conversion of a firm to a l...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=P17-</link><title>Income Tax Act 1947 - Part 7 ASCERTAINMENT OF CERTAIN INCOME</title><description>ASCERTAINMENT OF CERTAIN INCOME</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr26-</link><title>Income Tax Act 1947 - 26 Profits of insurers</title><description>Profits of insurers Subject to sections 34A and 34AA, this section has effect despite anything to the contrary in this Act, except that nothing in this section affects the chargea...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr27-</link><title>Income Tax Act 1947 - 27 Profits of non‑resident shipowner or charterer</title><description>Profits of non‑resident shipowner or charterer Where a non‑resident person carries on the business of shipowner or charterer, the income on which tax is payable is to be ascertain...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr28-</link><title>Income Tax Act 1947 - 28 Profits of non‑resident air transport and cable undertakings</title><description>Profits of non‑resident air transport and cable undertakings Where a non‑resident person carries on the business of air transport or of transmission of messages by cable or by any...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr31-</link><title>Income Tax Act 1947 - 31 Income arising from settlements</title><description>Income arising from settlements Where under the terms of any settlement and during the life of the settlor any income, or assets representing it, will or may become payable or app...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr32-</link><title>Income Tax Act 1947 - 32 Valuation of trading stock on discontinuance or transfer of trade or business</title><description>Valuation of trading stock on discontinuance or transfer of trade or business In computing for any purpose of this Act the gains or profits of a trade or business which has been d...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr32A-</link><title>Income Tax Act 1947 - 32A Valuation of cost of trading stock converted from non‑trade or capital asset</title><description>Valuation of cost of trading stock converted from non‑trade or capital asset Where, at any time on or after , any property of a person that is not trading stock becomes wholly or ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr33-</link><title>Income Tax Act 1947 - 33 Comptroller to disregard certain transactions and dispositions</title><description>Comptroller to disregard certain transactions and dispositions Subsection (2) applies where the Comptroller is satisfied that the purpose or effect of any arrangement is directly ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr33A-</link><title>Income Tax Act 1947 - 33A Surcharge on adjustments under section 33</title><description>Surcharge on adjustments under section 33 This section applies where, in the year of assessment 2023 or a subsequent year of assessment — the Comptroller imposes a liability to ta...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr34-</link><title>Income Tax Act 1947 - 34 Decision of Comptroller no bar to appeal</title><description>Decision of Comptroller no bar to appeal Nothing in section 32 prevents the decision of the Comptroller in the exercise of any discretion given to him or her by that section from ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr34B-</link><title>Income Tax Act 1947 - 34B Islamic financing arrangements</title><description>Islamic financing arrangements This section applies to any prescribed Islamic financing arrangement entered into on or after between any person and a financial institution. Subjec...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr34E-</link><title>Income Tax Act 1947 - 34E Surcharge on transfer pricing adjustments</title><description>Surcharge on transfer pricing adjustments Where the Comptroller, in relation to the year of assessment 2019 or any subsequent year of assessment — increases the amount of the inco...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr34F-</link><title>Income Tax Act 1947 - 34F Transfer pricing documentation</title><description>Transfer pricing documentation This section applies to the basis period for the year of assessment 2019 and every subsequent year of assessment. 39/2017 This section applies to a ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=P18-</link><title>Income Tax Act 1947 - Part 8 ASCERTAINMENT OF STATUTORY INCOME</title><description>ASCERTAINMENT OF STATUTORY INCOME</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr35A-</link><title>Income Tax Act 1947 - 35A Cessation of source of income commenced before 1 January 1969</title><description>Cessation of source of income commenced before This section only applies to any trade, business, profession, vocation or employment (except subsidiary employment which had not bee...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr36-</link><title>Income Tax Act 1947 - 36 Partnership</title><description>Partnership Where a trade, business, profession or vocation is carried on by 2 or more persons jointly — the income of any partner from the partnership for any period is deemed to...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr36B-</link><title>Income Tax Act 1947 - 36B Registered business trusts</title><description>Registered business trusts For the purposes of this Act, except as otherwise provided, references to a company include a reference to a registered business trust or, as the contex...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=P19-</link><title>Income Tax Act 1947 - Part 9 ASCERTAINMENT OF ASSESSABLE INCOME</title><description>ASCERTAINMENT OF ASSESSABLE INCOME</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr37C-</link><title>Income Tax Act 1947 - 37C Transfer of qualifying deduction between spouses</title><description>Transfer of qualifying deduction between spouses Subject to the provisions of this section, an individual may transfer any qualifying deduction for any year of assessment to a spo...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr37I-</link><title>Income Tax Act 1947 - 37I Modification of sections 37G and 37H in their application to partnership</title><description>Modification of sections 37G and 37H in their application to partnership A reference to a qualifying person in section 37G (including the person who has to satisfy the conditions ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr37J-</link><title>Income Tax Act 1947 - 37J Enhanced deduction or allowance under Productivity and Innovation Credit Plus Scheme</title><description>Enhanced deduction or allowance under Productivity and Innovation Credit Plus Scheme A person who — during the basis period for the year of assessment 2015, 2016, 2017 or 2018, ha...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr37K-</link><title>Income Tax Act 1947 - 37K Abusive PIC arrangements</title><description>Abusive PIC arrangements Despite the provisions of this Act, the Comptroller may disallow an amount referred to in subsection (2) of a claim for — a PIC enhanced deduction; or a P...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr37L-</link><title>Income Tax Act 1947 - 37L Promoters of abusive PIC arrangements</title><description>Promoters of abusive PIC arrangements A person who promotes any PIC arrangement knowing or having reasonable grounds to believe that the arrangement is abusive shall be guilty of ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr37M-</link><title>Income Tax Act 1947 - 37M Penalties for false information, etc., resulting in payment under section 37G or 37H</title><description>Penalties for false information, etc., resulting in payment under section 37G or 37H Any person who gives to the Comptroller any information under section 37G(2) that is false in ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr37P-</link><title>Income Tax Act 1947 - 37P Treatment of unabsorbed donations attributable to exempt income</title><description>Treatment of unabsorbed donations attributable to exempt income If — any donation allowable under this Act for the year of assessment 2012 or any preceding year of assessment (cal...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=P110-</link><title>Income Tax Act 1947 - Part 10 ASCERTAINMENT OF CHARGEABLE INCOME AND PERSONAL RELIEFS</title><description>ASCERTAINMENT OF CHARGEABLE INCOME AND PERSONAL RELIEFS</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr38-</link><title>Income Tax Act 1947 - 38 Chargeable income</title><description>Chargeable income The chargeable income of any person for any year of assessment is the remainder of the person’s assessable income for that year after the reliefs and deductions ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr39A-</link><title>Income Tax Act 1947 - 39A Limit on total deduction under section 39</title><description>Limit on total deduction under section 39 Despite anything in section 39 or the Fifth Schedule, for the year of assessment 2018 and every subsequent year of assessment, the total ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr40-</link><title>Income Tax Act 1947 - 40 (Repealed)</title><description>Repealed by Act 41 of 2020</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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 entert...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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 emp...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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 SR...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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 ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr41-</link><title>Income Tax Act 1947 - 41 Proof of claims for deduction or relief</title><description>Proof of claims for deduction or relief Every individual who claims any deduction or relief under this Part must make his or her claim on the proper form. Such deduction or relief...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=P111-</link><title>Income Tax Act 1947 - Part 11 RATES OF TAX</title><description>RATES OF TAX</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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 per...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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 birt...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr43A-</link><title>Income Tax Act 1947 - 43A Concessionary rate of tax for Asian Currency Unit, Fund Manager and securities company</title><description>Concessionary rate of tax for Asian Currency Unit, Fund Manager and securities company Despite section 43, the Minister may by regulations provide that tax at the rate of 10% is t...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr43B-</link><title>Income Tax Act 1947 - 43B Special rate of tax for non‑resident shipowner or charterer or air transport undertaking</title><description>Special rate of tax for non‑resident shipowner or charterer or air transport undertaking Despite section 43, where the tax authority of a foreign country taxes the profits derived...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr43D-</link><title>Income Tax Act 1947 - 43D Concessionary rate of tax for headquarters company</title><description>Concessionary rate of tax for headquarters company Despite section 43, the Minister may by regulations provide that tax at the rate of 10% is to be levied and paid for each year o...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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 inco...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr43G-</link><title>Income Tax Act 1947 - 43G Concessionary rate of tax for trustee company</title><description>Concessionary rate of tax for trustee company Despite section 43, the Minister may by regulations provide that tax at the rate of 10% is to be levied and paid for each year of ass...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr43K-</link><title>Income Tax Act 1947 - 43K Concessionary rate of tax for provision of processing services to financial institutions</title><description>Concessionary rate of tax for provision of processing services to financial institutions Despite section 43, the Minister may by regulations provide that tax at the rate of 5% is ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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 such person as the...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr43T-</link><title>Income Tax Act 1947 - 43T Concessionary rate of tax for ship broking and forward freight agreement trading</title><description>Concessionary rate of tax for ship broking and forward freight agreement trading Despite section 43, tax at the rate of 10% is to be levied and paid for each year of assessment up...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=P112-</link><title>Income Tax Act 1947 - Part 12 DEDUCTION OF TAX AT SOURCE</title><description>DEDUCTION OF TAX AT SOURCE</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr45C-</link><title>Income Tax Act 1947 - 45C Application of section 45 to distribution by unit trust</title><description>Application of section 45 to distribution by unit trust Section 45 applies in relation to any distribution made by a unit trust which is deemed to be income under section 10(19), ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr45D-</link><title>Income Tax Act 1947 - 45D Application of section 45 to gains from real property transaction</title><description>Application of section 45 to gains from real property transaction Where any person whose income arising from the disposal of any real property is chargeable to tax under section 1...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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 subsection (2), section 45 applies in relation to the paymen...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr45G-</link><title>Income Tax Act 1947 - 45G Application of section 45 to distribution from any real estate investment trust</title><description>Application of section 45 to distribution from any real estate investment trust Subject to subsections (2) and (3) and such conditions as the Comptroller may impose, section 45 ap...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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) and (2A), section 45 applies in relation to the payment by any person to any public en...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr45H-</link><title>Income Tax Act 1947 - 45H Application of section 45 to commission or other payment of licensed international market agent</title><description>Application of section 45 to commission or other payment of licensed international market agent Subject to subsection (2), section 45 applies in relation to the payment of any com...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr45J-</link><title>Income Tax Act 1947 - 45J Application of section 45, etc., to Government</title><description>Application of section 45, etc., to Government Subject to the modifications in subsection (2), sections 45, 45A, 45F and 45GA apply to the payment of any income described in those...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=P113-</link><title>Income Tax Act 1947 - Part 13 ALLOWANCES FOR TAX CHARGED</title><description>ALLOWANCES FOR TAX CHARGED</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr46-</link><title>Income Tax Act 1947 - 46 Tax deducted from interests, etc.</title><description>Tax deducted from interests, etc. Any tax — which a person has deducted from any interest or other payment under section 45, 45A, 45C, 45D, 45E(1)(a ), 45GA or 45H or has deducted...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr47-</link><title>Income Tax Act 1947 - 47 (Repealed)</title><description>Repealed by Act 45 of 2018</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=P114-</link><title>Income Tax Act 1947 - Part 14 RELIEF AGAINST DOUBLE TAXATION</title><description>RELIEF AGAINST DOUBLE TAXATION</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr50-</link><title>Income Tax Act 1947 - 50 Tax credits</title><description>Tax credits This section has effect where, under arrangements having effect under section 49, tax payable in respect of any income in the territory with the government of which th...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr50B-</link><title>Income Tax Act 1947 - 50B Tax credits for trust income to which beneficiary is entitled</title><description>Tax credits for trust income to which beneficiary is entitled Where — a trustee of a trust receives income in Singapore from outside Singapore (called in this section the income) ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=P115-</link><title>Income Tax Act 1947 - Part 15 PERSONS CHARGEABLE</title><description>PERSONS CHARGEABLE</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=P115-P4_51-</link><title>Income Tax Act 1947 - Husband and wife</title><description>Husband and wife</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr51-</link><title>Income Tax Act 1947 - 51 Income of wife</title><description>Income of wife The income of a married woman must for the purposes of this Act be charged in her own name. [Deleted by Act 22 of 2011 ] For the purposes of this Act, a married wom...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=P115-P4_52-</link><title>Income Tax Act 1947 - Trustees, agents and curators</title><description>Trustees, agents and curators</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr52-</link><title>Income Tax Act 1947 - 52 Chargeability of trustees, etc.</title><description>Chargeability of trustees, etc. A receiver appointed by the court, a trustee, a guardian, a curator or a committee, having the direction, control or management of any property or ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr53-</link><title>Income Tax Act 1947 - 53 Chargeability of agent of person residing out of Singapore</title><description>Chargeability of agent of person residing out of Singapore A person not resident in Singapore (called in this section a non‑resident person) is assessable and chargeable to tax ei...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr54-</link><title>Income Tax Act 1947 - 54 Liability of person chargeable in respect of incapacitated person</title><description>Liability of person chargeable in respect of incapacitated person The person who is chargeable in respect of an incapacitated person, or in whose name a non‑resident person is cha...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr55-</link><title>Income Tax Act 1947 - 55 Liability of managers of companies or bodies of persons</title><description>Liability of managers of companies or bodies of persons The manager or principal officer in Singapore of every company or body of persons is answerable for doing all such acts, ma...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr56-</link><title>Income Tax Act 1947 - 56 Indemnification of representative</title><description>Indemnification of representative Every person answerable under this Act for the payment of tax on behalf of another person may retain out of any money coming to the firstmentione...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr57-</link><title>Income Tax Act 1947 - 57 Power to appoint agent, etc., for recovery of tax</title><description>Power to appoint agent, etc., for recovery of tax The Comptroller may by written notice, if the Comptroller thinks it necessary, declare any person to be the agent of any other pe...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr58-</link><title>Income Tax Act 1947 - 58 Deceased persons</title><description>Deceased persons Where an individual (X ) dies, then as respects income arising before X ’s death all rights and duties which would have attached to X , and any liability to be ch...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr59-</link><title>Income Tax Act 1947 - 59 Duty of liquidator on winding up of company or limited liability partnership</title><description>Duty of liquidator on winding up of company or limited liability partnership Where a company or a limited liability partnership is being wound up, the liquidator of the company or...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr60-</link><title>Income Tax Act 1947 - 60 Chargeability of joint trustees</title><description>Chargeability of joint trustees Where 2 or more persons act in the capacity of trustees of a trust they may be charged jointly or severally with the tax with which they are charge...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=P116-</link><title>Income Tax Act 1947 - Part 16 RETURNS</title><description>RETURNS</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr62-</link><title>Income Tax Act 1947 - 62 Notice of chargeability and returns</title><description>Notice of chargeability and returns The Comptroller may, by notice in the Gazette , require every person to furnish to the Comptroller in such form and manner as the Comptroller m...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr62A-</link><title>Income Tax Act 1947 - 62A The basic rule: Singapore dollar to be used</title><description>The basic rule: Singapore dollar to be used Subject to section 62B, where a person carrying on a trade, business, profession or vocation is required to furnish tax computations an...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr62B-</link><title>Income Tax Act 1947 - 62B Currency other than Singapore dollar to be used in certain circumstances</title><description>Currency other than Singapore dollar to be used in certain circumstances Where a person maintains the person’s financial accounts in respect of any trade, business, profession or ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr63-</link><title>Income Tax Act 1947 - 63 Furnishing of estimate of chargeable income if no return is made under section 62</title><description>Furnishing of estimate of chargeable income if no return is made under section 62 Unless exempted by rules mentioned in subsection (3), every person, not being an individual, who ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr64-</link><title>Income Tax Act 1947 - 64 Comptroller may call for further returns</title><description>Comptroller may call for further returns The Comptroller may give written notice to any person when and as often as the Comptroller thinks necessary requiring the person to furnis...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr65-</link><title>Income Tax Act 1947 - 65 Power to call for returns</title><description>Power to call for returns For the purpose of obtaining full information in respect of a person’s income, the Comptroller may give notice to the person requiring the person to comp...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr65A-</link><title>Income Tax Act 1947 - 65A Statement of bank accounts, assets, etc.</title><description>Statement of bank accounts, assets, etc. The Comptroller may give written notice to any person requiring the person to furnish within the time limited by such notice, not being le...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr65C-</link><title>Income Tax Act 1947 - 65C Failure to comply with section 64, 65, 65A or 65B</title><description>Failure to comply with section 64, 65, 65A or 65B Any person who, without reasonable excuse — fails, neglects or refuses to comply with any notice or requirement of the Comptrolle...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr65D-</link><title>Income Tax Act 1947 - 65D Section 65B notice applies despite duty of secrecy under Banking Act 1970 or Trust Companies Act 2005</title><description>Section 65B notice applies despite duty of secrecy under Banking Act 1970 or Trust Companies Act 2005 This section applies where — the Comptroller requires any information for the...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr65E-</link><title>Income Tax Act 1947 - 65E Section 65B notice may be subject to confidentiality duty</title><description>Section 65B notice may be subject to confidentiality duty Where the Comptroller issues a notice to any person under section 65B and states that the notice must be kept confidentia...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr65G-</link><title>Income Tax Act 1947 - 65G No unnecessary restraint</title><description>No unnecessary restraint In making an arrest, an arresting officer must touch or confine the body of a person to be arrested unless the person submits to arrest by word or action....</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr65H-</link><title>Income Tax Act 1947 - 65H Arresting officer to be armed</title><description>Arresting officer to be armed An arresting officer may be provided with such batons and accoutrements as may be necessary for the effective discharge of his or her duties under se...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr65I-</link><title>Income Tax Act 1947 - 65I Search of place entered by person sought to be arrested</title><description>Search of place entered by person sought to be arrested If an arresting officer has reason to believe that a person to be arrested under section 65F(1) is inside any building or p...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr65J-</link><title>Income Tax Act 1947 - 65J Arrested person may be orally examined</title><description>Arrested person may be orally examined The Comptroller or an officer authorised under section 4(1) to investigate offences under this Act (called in this section an investigation ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr65K-</link><title>Income Tax Act 1947 - 65K Disposal of item furnished or seized</title><description>Disposal of item furnished or seized Any item furnished to or seized by the Comptroller or an officer authorised by the Comptroller under section 65A or 65B must — where the item ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr66-</link><title>Income Tax Act 1947 - 66 Returns to be deemed to be furnished by due authority</title><description>Returns to be deemed to be furnished by due authority A return, statement or form purporting to be furnished under this Act by or on behalf of any person is for all purposes deeme...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr67-</link><title>Income Tax Act 1947 - 67 Keeping of books of account and giving of receipts</title><description>Keeping of books of account and giving of receipts Subject to subsection (3), every person carrying on or exercising any trade, business, profession or vocation — must keep and re...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr68-</link><title>Income Tax Act 1947 - 68 Official information and secrecy, and returns by employer</title><description>Official information and secrecy, and returns by employer The Comptroller may require any officer in the employment of the Government or of any public authority or body corporate ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr69-</link><title>Income Tax Act 1947 - 69 Lists to be prepared by representative or agent</title><description>Lists to be prepared by representative or agent Every person (X ) who, in whatever capacity, is in receipt of any money or value being income arising from any of the sources menti...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr70-</link><title>Income Tax Act 1947 - 70 Occupiers to furnish return of rent payable</title><description>Occupiers to furnish return of rent payable The Comptroller may give written notice to any person (X ) who is the occupier of any land or premises requiring X to furnish within th...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr71-</link><title>Income Tax Act 1947 - 71 Return to be made by partnership</title><description>Return to be made by partnership Where a trade, business, profession or vocation is carried on by 2 or more persons jointly, the precedent partner, that is to say, the partner who...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=P117-</link><title>Income Tax Act 1947 - Part 17 ASSESSMENTS AND OBJECTIONS</title><description>ASSESSMENTS AND OBJECTIONS</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr72-</link><title>Income Tax Act 1947 - 72 Comptroller to make assessments</title><description>Comptroller to make assessments The Comptroller must proceed to assess every person chargeable with tax as soon as may be after the expiry of the time allowed to such person for t...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr73-</link><title>Income Tax Act 1947 - 73 Advance assessments</title><description>Advance assessments Despite section 72, where — in any year of assessment a person ceases to carry on a trade, business, profession, vocation or employment; or the Comptroller is ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr74-</link><title>Income Tax Act 1947 - 74 Additional assessments</title><description>Additional assessments Where it appears to the Comptroller that any person liable to tax has not been assessed or has been assessed at a less amount than that which ought to have ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr74A-</link><title>Income Tax Act 1947 - 74A Revised assessments as relief for late GST registration</title><description>Revised assessments as relief for late GST registration Where — any person liable to tax, being required to be registered under the Goods and Services Tax Act 1993, has failed to ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr76-</link><title>Income Tax Act 1947 - 76 Service of notices of assessment and revision of assessment</title><description>Service of notices of assessment and revision of assessment The Comptroller must cause each person assessed to tax to be served, in accordance with section 8(1), with — where tax ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr77-</link><title>Income Tax Act 1947 - 77 Errors and defects in assessment and notice</title><description>Errors and defects in assessment and notice No assessment, warrant or other proceeding purporting to be made in accordance with the provisions of this Act is to be quashed, or is ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=P118-</link><title>Income Tax Act 1947 - Part 18 APPEALS</title><description>APPEALS</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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 thereof to the Comptroller and must, as soon as may be thereaft...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr80A-</link><title>Income Tax Act 1947 - 80A Hearing of appeal in absence of member of Board</title><description>Hearing of appeal in absence of member of Board Despite anything in this Part, if, in the course of any appeal, or, in the case of a reserved judgment in any appeal, at any time b...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr82-</link><title>Income Tax Act 1947 - 82 Cases stated for General Division of High Court</title><description>Cases stated for General Division of High Court The Board may at any time and in regard to any appeal, with or without proceeding to the determination of the appeal, state a case ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr83-</link><title>Income Tax Act 1947 - 83 Proceedings before Board</title><description>Proceedings before Board Subject to subsections (2) and (3), all proceedings before the Board must be heard in camera. 32/2019 Where the Comptroller or the taxpayer applies to the...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr84-</link><title>Income Tax Act 1947 - 84 Assessments to be final and conclusive</title><description>Assessments to be final and conclusive Except as expressly provided in this Act, where no valid notice of appeal has been lodged within the time limited by this Part against an as...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=P119-</link><title>Income Tax Act 1947 - Part 19 COLLECTION, RECOVERY AND REPAYMENT OF TAX</title><description>COLLECTION, RECOVERY AND REPAYMENT OF TAX</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr85-</link><title>Income Tax Act 1947 - 85 Time within which payment is to be made</title><description>Time within which payment is to be made Subject to section 91, tax for any year of assessment levied in accordance with the provisions of this Act is, despite any objection or app...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr86-</link><title>Income Tax Act 1947 - 86 Recovery of tax from persons leaving Singapore</title><description>Recovery of tax from persons leaving Singapore Where the Comptroller is of the opinion that any person is about or likely to leave Singapore without paying all tax assessed upon t...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr87-</link><title>Income Tax Act 1947 - 87 Penalty for non‑payment of tax and enforcement of payment</title><description>Penalty for non‑payment of tax and enforcement of payment Subject to subsection (2), if any tax is not paid within the periods prescribed in section 85 — a sum equal to 5% of the ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr88-</link><title>Income Tax Act 1947 - 88 Change of address</title><description>Change of address Subject to subsection (2), every person liable to pay income tax under the provisions of this Act must inform the Comptroller in writing of any change in the per...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr89-</link><title>Income Tax Act 1947 - 89 Suit for tax by Comptroller</title><description>Suit for tax by Comptroller Despite the provisions of any other written law, tax, interest and any penalty imposed under this Act and any sum due to the Government under section 4...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr90-</link><title>Income Tax Act 1947 - 90 Statement of Comptroller sufficient</title><description>Statement of Comptroller sufficient In any civil or criminal proceedings under this Act, every statement purporting to be under the hand of the Comptroller contained in the inform...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr91-</link><title>Income Tax Act 1947 - 91 Deduction of tax from emoluments and pensions</title><description>Deduction of tax from emoluments and pensions Where any income chargeable under section 10(1)(b ) or (e ) is payable to any individual, deductions on account of tax which is or wi...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr92A-</link><title>Income Tax Act 1947 - 92A Remission of tax of companies for year of assessment 2011</title><description>Remission of tax of companies for year of assessment 2011 Subject to subsection (2), there is to be remitted the tax payable for the year of assessment 2011 by a company an amount...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr92B-</link><title>Income Tax Act 1947 - 92B Cash grant for companies for year of assessment 2011</title><description>Cash grant for companies for year of assessment 2011 Where a company has made a contribution to the Central Provident Fund in respect of any of its employees during the basis peri...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr92C-</link><title>Income Tax Act 1947 - 92C Cash grant for companies for year of assessment 2012</title><description>Cash grant for companies for year of assessment 2012 Where a company carrying on business in Singapore has made a contribution to the Central Provident Fund in respect of at least...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr92D-</link><title>Income Tax Act 1947 - 92D Remission of tax of companies for years of assessment 2013, 2014 and 2015</title><description>Remission of tax of companies for years of assessment 2013, 2014 and 2015 Where the Comptroller is satisfied that the remission of tax would be beneficial to a company, then there...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr92E-</link><title>Income Tax Act 1947 - 92E Remission of tax of companies for year of assessment 2016</title><description>Remission of tax of companies for year of assessment 2016 Where the Comptroller is satisfied that the remission of tax would be beneficial to a company, then there is to be remitt...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr92F-</link><title>Income Tax Act 1947 - 92F Remission of tax of companies for year of assessment 2017</title><description>Remission of tax of companies for year of assessment 2017 Where the Comptroller is satisfied that the remission of tax would be beneficial to a company, then there is to be remitt...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr92G-</link><title>Income Tax Act 1947 - 92G Remission of tax of companies for year of assessment 2018</title><description>Remission of tax of companies for year of assessment 2018 Where the Comptroller is satisfied that the remission of tax would be beneficial to a company, then there is to be remitt...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr92H-</link><title>Income Tax Act 1947 - 92H Remission of tax of companies for year of assessment 2019</title><description>Remission of tax of companies for year of assessment 2019 Where the Comptroller is satisfied that the remission of tax would be beneficial to a company, then there is to be remitt...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr92I-</link><title>Income Tax Act 1947 - 92I Remission of tax of companies for year of assessment 2020</title><description>Remission of tax of companies for year of assessment 2020 Where the Comptroller is satisfied that the remission of tax would be beneficial to a company, then there is to be remitt...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr93A-</link><title>Income Tax Act 1947 - 93A Relief in respect of error or mistake</title><description>Relief in respect of error or mistake If any person alleges that for any year of assessment — an assessment is excessive; or any unabsorbed loss, allowance or donation that may be...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=P120-</link><title>Income Tax Act 1947 - Part 20 OFFENCES AND PENALTIES</title><description>OFFENCES AND PENALTIES</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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 un...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr94A-</link><title>Income Tax Act 1947 - 94A Penalty for failure to make return</title><description>Penalty for failure to make return Any person who fails or neglects without reasonable excuse to comply with any provision of section 62 or 71(1) shall be guilty of an offence and...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr95-</link><title>Income Tax Act 1947 - 95 Penalty for incorrect return, etc.</title><description>Penalty for incorrect return, etc. Subject to the provisions of Part 18, every person who — makes an incorrect return by omitting or understating any income of which the person is...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr97-</link><title>Income Tax Act 1947 - 97 Penalties for offences by authorised and unauthorised persons</title><description>Penalties for offences by authorised and unauthorised persons Any person who — being a person appointed for the due administration of this Act or any assistant employed in connect...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr98-</link><title>Income Tax Act 1947 - 98 Penalty for obstructing Comptroller or officers</title><description>Penalty for obstructing Comptroller or officers Any person who obstructs or hinders the Comptroller or any officer in the discharge of his or her duties or the exercise of his or ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr99-</link><title>Income Tax Act 1947 - 99 Tax to be payable despite any proceedings for penalties</title><description>Tax to be payable despite any proceedings for penalties The institution of proceedings for, or the imposition of, a penalty, fine or term of imprisonment under this Act does not r...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr100-</link><title>Income Tax Act 1947 - 100 Provisions relating to penalty</title><description>Provisions relating to penalty Any interest imposed under section 85(2) or penalty imposed under this Act is not deemed to be part of the tax paid for the purposes of claiming rel...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 45(5), 94, 94A, 95, 96 or 96A except at the instance or with the consent o...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr102-</link><title>Income Tax Act 1947 - 102 Service of summons</title><description>Service of summons Every summons issued by a court against any person in connection with any offence under this Act may be served on the person — by delivering the summons to the ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr103-</link><title>Income Tax Act 1947 - 103 Saving for criminal proceedings</title><description>Saving for criminal proceedings The provisions of this Act do not affect any criminal proceedings under any other written law.</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr104A-</link><title>Income Tax Act 1947 - 104A Protection of informers</title><description>Protection of informers Except as provided in subsection (3), no witness in any civil or criminal proceedings commenced on or after is obliged or permitted — to disclose the ident...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr105-</link><title>Income Tax Act 1947 - 105 Jurisdiction of court</title><description>Jurisdiction of court Despite any provision to the contrary in the Criminal Procedure Code 2010, a District Court or a Magistrate’s Court has jurisdiction to try any offence under...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=P120A-</link><title>Income Tax Act 1947 - Part 20A EXCHANGE OF INFORMATION UNDER AVOIDANCE OF DOUBLE TAXATION ARRANGEMENTS AND EXCHANGE OF INFORMATION ARRANGEMENTS</title><description>EXCHANGE OF INFORMATION UNDER AVOIDANCE OF DOUBLE TAXATION ARRANGEMENTS AND EXCHANGE OF INFORMATION ARRANGEMENTS</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr105A-</link><title>Income Tax Act 1947 - 105A Interpretation of this Part</title><description>Interpretation of this Part In this Part — avoidance of double taxation arrangement means an arrangement having effect under section 49; competent authority , in relation to a pre...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr105BA-</link><title>Income Tax Act 1947 - 105BA Exchange of information arrangement</title><description>Exchange of information arrangement If the Minister by order declares that an arrangement specified in the order has been made with the government of any country, or the governmen...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr105D-</link><title>Income Tax Act 1947 - 105D Request for information</title><description>Request for information The competent authority under a prescribed arrangement may make a request to the Comptroller for information concerning the tax position of any person in a...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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 men...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr105F-</link><title>Income Tax Act 1947 - 105F Power of Comptroller to obtain information</title><description>Power of Comptroller to obtain information Sections 65 to 65D (except section 65B(1D)) have effect for the purpose of enabling the Comptroller to obtain any information for the pu...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr105G-</link><title>Income Tax Act 1947 - 105G Power of Comptroller to obtain information from other authorities</title><description>Power of Comptroller to obtain information from other authorities For the purpose of complying with a request under section 105D, the Comptroller may request the Comptroller of Go...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr105GA-</link><title>Income Tax Act 1947 - 105GA Information may be used for administration of Act</title><description>Information may be used for administration of Act To avoid doubt, any information obtained under section 105F or 105G may be used not only for the purpose of complying with a requ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr105HA-</link><title>Income Tax Act 1947 - 105HA Confidentiality requirements for judicial review proceedings</title><description>Confidentiality requirements for judicial review proceedings This section applies to a judicial review instituted by any person in respect of — any action taken by the Comptroller...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=P120B-</link><title>Income Tax Act 1947 - Part 20B INTERNATIONAL AGREEMENTS TO IMPROVE TAX COMPLIANCE</title><description>INTERNATIONAL AGREEMENTS TO IMPROVE TAX COMPLIANCE</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr105I-</link><title>Income Tax Act 1947 - 105I Interpretation of this Part</title><description>Interpretation of this Part In this Part — Action 13 Report means the Transfer Pricing Documentation and Country‑by‑Country Reporting, Action 13 — 2015 Final Report published by t...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr105J-</link><title>Income Tax Act 1947 - 105J Purpose of this Part</title><description>Purpose of this Part The purpose of this Part is to implement Singapore’s obligations under an international tax compliance agreement, and to enable country‑by‑country reports to ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr105K-</link><title>Income Tax Act 1947 - 105K International tax compliance agreements</title><description>International tax compliance agreements The Minister may by order declare any of the following as an international tax compliance agreement for the purposes of this Part: the agre...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr105L-</link><title>Income Tax Act 1947 - 105L Provision of information to Comptroller</title><description>Provision of information to Comptroller Subject to subsection (5), a person falling within any description of persons prescribed by regulations (called in this section a prescribe...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr105M-</link><title>Income Tax Act 1947 - 105M Offences</title><description>Offences Any person who, without reasonable excuse, fails or neglects to comply with — section 105L(1); or any regulation made under section 105P that requires the person to apply...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr105MA-</link><title>Income Tax Act 1947 - 105MA Anti‑avoidance</title><description>Anti‑avoidance If — a person enters into any arrangements or takes any action; and in the Comptroller’s view, the main purpose, or one of the main purposes of the person in enteri...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr105N-</link><title>Income Tax Act 1947 - 105N Power of Comptroller to obtain information</title><description>Power of Comptroller to obtain information Sections 65 to 65D (except section 65B(1D)) have effect for the purpose of enabling the Comptroller to obtain any information for the pu...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr105O-</link><title>Income Tax Act 1947 - 105O Information may be used for administration of Act</title><description>Information may be used for administration of Act To avoid doubt, any information provided or obtained under section 105L or 105N may be used for any purpose connected with the ad...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr105P-</link><title>Income Tax Act 1947 - 105P Regulations to implement international tax compliance agreements, etc.</title><description>Regulations to implement international tax compliance agreements, etc. The Minister may make regulations for, or in connection with, giving effect to or enabling effect to be give...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr105PA-</link><title>Income Tax Act 1947 - 105PA Duty to provide information under regulations prevails over duty of secrecy, etc.</title><description>Duty to provide information under regulations prevails over duty of secrecy, etc. This section applies where a regulation made under section 105P imposes a duty on a person (A ) t...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr105Q-</link><title>Income Tax Act 1947 - 105Q Confidentiality requirements for judicial review proceedings</title><description>Confidentiality requirements for judicial review proceedings This section applies to a judicial review instituted by any person in respect of — any action taken by the Comptroller...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=P121-</link><title>Income Tax Act 1947 - Part 21 MISCELLANEOUS</title><description>MISCELLANEOUS</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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 or a person appointed by the Minister (called in this section the approving autho...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr105S-</link><title>Income Tax Act 1947 - 105S Conditions for application of tax incentive treated as conditions of approval</title><description>Conditions for application of tax incentive treated as conditions of approval This section applies to each of the following approvals made before : an approval of a Finance and Tr...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr106-</link><title>Income Tax Act 1947 - 106 Powers to amend Schedules</title><description>Powers to amend Schedules Parliament may, by resolution, add to, vary or revoke the whole or any part of any Schedule. Parliament may, by resolution, exempt any person or class of...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=pr108-</link><title>Income Tax Act 1947 - 108 Advance rulings</title><description>Advance rulings The Comptroller may, on an application made by a person in accordance with Part 1 of the Seventh Schedule, make a ruling on any of the matters specified in that Pa...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=Sc1-</link><title>Income Tax Act 1947 - First Schedule Institution, authority, person or fund exempted</title><description>Sections 13(1) and 106(1) and (3) Institution, authority, person or fund exempted A.  Public authorities, boards or funds constituted by statute in Singapore: 1.	Bankruptcy Estate...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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 Of An Individual Or A Hindu Joint Family For Years Of Assessment 2007, 2008, 2009, ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=Sc4-</link><title>Income Tax Act 1947 - Fourth Schedule Prescribed sections</title><description>Sections 45AA(1), 105R(8) and 106(1) and (3) Prescribed sections Sections 13E, 13G, 13M, 13P, 13R, 14E, 37N, 43C, 43E, 43G, 43I, 43J, 43K, 43L, 43N, 43O, 43P, 43Q, 43R, 43S, 43U, ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=Sc6-</link><title>Income Tax Act 1947 - Sixth Schedule Number of years of working life of asset</title><description>Sections 19(2), (2AB), (2A), 19A(2FA) and (2G) and 106(1) and (3) Number of years of working life of asset Item Number of years of working life of asset 1.	Aircraft 5 2.	Bank vaul...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=Sc7-</link><title>Income Tax Act 1947 - Seventh Schedule Advance rulings</title><description>Advance rulings Sections 106(1) and (3) and 108(1) and (2) Subject to the provisions of this Part, on an application made by a person in accordance with this Part, the Comptroller...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=Sc8-</link><title>Income Tax Act 1947 - Eighth Schedule Information to be included in a request for information under Part 20A</title><description>Sections 105D(2) and 106(1) and (3) Information to be included in a request for information under Part 20A The purpose of the request. The identity of the competent authority. The...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=Sc10-</link><title>Income Tax Act 1947 - Tenth  Schedule Tenth Schedule entities</title><description>Sections 13X(1), 14ZC(1), (2), (2A) and (3) and 106(1) and (3) Tenth Schedule entities SMRT TAXIS PTE. LTD. TRANS‑CAB SERVICES PTE. LTD. COMFORT TRANSPORTATION PTE LTD CITYCAB PTE...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&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 B...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/ITA1947/Published?DocDate=20211231&amp;ProvIds=xy-</link><title>Income Tax Act 1947 - Comparative Table</title><description>This Act has undergone renumbering in the 2020 Revised Edition. This Comparative Table is provided to help readers locate the corresponding provisions in the last Revised Edition....</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&amp;ProvIds=al-</link><title>Income Tax Act 1947 - Long Title</title><description>An Act to impose a tax upon incomes and to regulate the collection thereof.</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=P11-</link><title>Income Tax Act 1947 - Part 1 PRELIMINARY</title><description>PRELIMINARY</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&amp;ProvIds=pr1-</link><title>Income Tax Act 1947 - 1 Short title</title><description>Short title This Act is the Income Tax Act 1947 .</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=P12-</link><title>Income Tax Act 1947 - Part 2 ADMINISTRATION</title><description>ADMINISTRATION</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&amp;ProvIds=pr3-</link><title>Income Tax Act 1947 - 3 Appointment of Comptroller and other officers</title><description>Appointment of Comptroller and other officers For the due administration of this Act, the Minister may, by notification in the Gazette , appoint a Comptroller of Income Tax, and s...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr3A-</link><title>Income Tax Act 1947 - 3A Assignment of function or power to public body</title><description>Assignment of function or power to public body This section applies where the Minister, after consultation with the responsible Minister of a public body, by notification in the G...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&amp;ProvIds=pr4-</link><title>Income Tax Act 1947 - 4 Powers of Comptroller</title><description>Powers of Comptroller The Comptroller may, by notification in the Gazette or in writing, authorise any person, within or without Singapore, to perform or to assist in the performa...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr5-</link><title>Income Tax Act 1947 - 5 Approved pension or provident fund or society</title><description>Approved pension or provident fund or society The Comptroller may, subject to such conditions as the Comptroller may think fit to impose, approve any pension or provident fund or ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr7-</link><title>Income Tax Act 1947 - 7 Rules</title><description>Rules The Minister may make rules — to provide for the deduction and payment of tax at the source in respect of income from any employment, and for the recovery of tax so deducted...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&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 n...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr9-</link><title>Income Tax Act 1947 - 9 Free postage</title><description>Free postage All returns, additional information and resulting correspondence and payment of tax under the provisions of this Act may be sent post‑free to the Comptroller in envel...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&amp;ProvIds=P13-</link><title>Income Tax Act 1947 - Part 3 IMPOSITION OF INCOME TAX</title><description>IMPOSITION OF INCOME TAX</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231229?ValidDate=20231229&amp;ProvIds=pr10A-</link><title>Income Tax Act 1947 - 10A Profits of unit trusts</title><description>Profits of unit trusts Despite any other provisions of this Act, the Minister may by regulations — provide that tax on gains or profits derived on or after from the disposal of se...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&amp;ProvIds=pr10C-</link><title>Income Tax Act 1947 - 10C Income from finance or operating lease</title><description>Income from finance or operating lease Despite any other provisions of this Act, the Minister may by regulations provide for the circumstances in which the Comptroller may direct ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20230821?ValidDate=20230821&amp;ProvIds=pr10D-</link><title>Income Tax Act 1947 - 10D Ascertainment of income from business of making investments</title><description>Ascertainment of income from business of making investments Despite any other provisions of this Act, in determining the income of a company or trustee of a property trust derived...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr10F-</link><title>Income Tax Act 1947 - 10F Ascertainment of income from business of hiring out motor cars or providing driving instruction or chauffeur services</title><description>Ascertainment of income from business of hiring out motor cars or providing driving instruction or chauffeur services Despite any other provisions of this Act, in determining the ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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, sho...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20231030?ValidDate=20231030&amp;ProvIds=pr10J-</link><title>Income Tax Act 1947 - 10J Tax treatment for trading stock appropriated for non‑trade or capital purpose</title><description>Tax treatment for trading stock appropriated for non‑trade or capital purpose This section applies where, at any time on or after , a person carrying on a trade or business approp...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&amp;ProvIds=pr11-</link><title>Income Tax Act 1947 - 11 Ascertainment of income of clubs, trade associations, etc.</title><description>Ascertainment of income of clubs, trade associations, etc. A body of persons, whether corporate or unincorporate, that carries on a club or similar institution and receives from i...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&amp;ProvIds=pr12-</link><title>Income Tax Act 1947 - 12 Sources of income</title><description>Sources of income Trading operations carried on partly in Singapore Where a non‑resident person carries on a trade or business of which only part of the operations is carried on i...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&amp;ProvIds=P14-</link><title>Income Tax Act 1947 - Part 4 EXEMPTION FROM INCOME TAX</title><description>EXEMPTION FROM INCOME TAX</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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 a...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&amp;ProvIds=pr13B-</link><title>Income Tax Act 1947 - 13B Assessment of income not entitled to exemption under section 43A, 43C, 43D or 43H</title><description>Assessment of income not entitled to exemption under section 43A, 43C, 43D or 43H Despite section 13(1)(y ), where it appears to the Comptroller that any income of a person which ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&amp;ProvIds=pr13C-</link><title>Income Tax Act 1947 - 13C Exemption of income of trustee of trust fund arising from funds managed by fund manager in Singapore</title><description>Exemption of income of trustee of trust fund arising from funds managed by fund manager in Singapore There is exempt from tax such income as the Minister may by regulations prescr...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&amp;ProvIds=pr13J-</link><title>Income Tax Act 1947 - 13J Exemption of tax on gains or profits from equity remuneration incentive scheme (start‑ups)</title><description>Exemption of tax on gains or profits from equity remuneration incentive scheme (start‑ups) Where a qualifying employee derives any gains or profits in any year of assessment, afte...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&amp;ProvIds=pr13N-</link><title>Income Tax Act 1947 - 13N Exemption of relevant income of prescribed locally‑administered trust</title><description>Exemption of relevant income of prescribed locally‑administered trust There is exempt from tax all relevant income of — such locally‑administered trust as the Minister may by regu...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 tr...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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 such person as he may appoint ma...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 internatio...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&amp;ProvIds=pr13T-</link><title>Income Tax Act 1947 - 13T Exemption of relevant income of eligible family‑owned investment holding company</title><description>Exemption of relevant income of eligible family‑owned investment holding company There is exempt from tax all relevant income of an eligible family‑owned investment holding compan...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&amp;ProvIds=pr13W-</link><title>Income Tax Act 1947 - 13W Exemption of gains or profits from disposal of ordinary shares</title><description>Exemption of gains or profits from disposal of ordinary shares There is exempt from tax any gains or profits derived by a company (called in this section the divesting company) fr...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&amp;ProvIds=P15-</link><title>Income Tax Act 1947 - Part 5 DEDUCTIONS AGAINST INCOME</title><description>DEDUCTIONS AGAINST INCOME</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&amp;ProvIds=pr14K-</link><title>Income Tax Act 1947 - 14K Deduction for special reserve of approved general insurer</title><description>Deduction for special reserve of approved general insurer The Minister may by regulations provide that, for the purpose of ascertaining the income of a general insurer approved by...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&amp;ProvIds=pr14P-</link><title>Income Tax Act 1947 - 14P Deduction for qualifying design expenditure</title><description>Deduction for qualifying design expenditure Subject to this section, for the purpose of ascertaining the income of a person carrying on a trade or business during the basis period...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&amp;ProvIds=pr14R-</link><title>Income Tax Act 1947 - 14R Deduction for expenses incurred before first dollar of income from trade, business, profession or vocation</title><description>Deduction for expenses incurred before first dollar of income from trade, business, profession or vocation Subject to section 14X, a person who — derives the first dollar of incom...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&amp;ProvIds=pr14V-</link><title>Income Tax Act 1947 - 14V Deduction for expenditure incurred to comply with statutory and regulatory requirements</title><description>Deduction for expenditure incurred to comply with statutory and regulatory requirements For the purpose of ascertaining the income of any person for the basis period for the year ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&amp;ProvIds=pr14Y-</link><title>Income Tax Act 1947 - 14Y Further or double deduction for qualifying expenditure on issue of debentures and making available debentures for secondary trading</title><description>Further or double deduction for qualifying expenditure on issue of debentures and making available debentures for secondary trading Where the Comptroller is satisfied that qualify...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&amp;ProvIds=pr14ZA-</link><title>Income Tax Act 1947 - 14ZA Deduction for expenditure incurred in deriving income from driving chauffeured private hire car or taxi</title><description>Deduction for expenditure incurred in deriving income from driving chauffeured private hire car or taxi Subsection (2) applies for the purpose of ascertaining an individual’s inco...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&amp;ProvIds=pr14ZB-</link><title>Income Tax Act 1947 - 14ZB Deduction for expenditure incurred by individual in deriving commission</title><description>Deduction for expenditure incurred by individual in deriving commission This section applies for the purpose of ascertaining, for the basis period for the year of assessment 2020 ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&amp;ProvIds=pr14ZD-</link><title>Income Tax Act 1947 - 14ZD Deduction for payments made to lessees or licensees to mitigate impact of COVID‑19 event</title><description>Deduction for payments made to lessees or licensees to mitigate impact of COVID‑19 event Each provision in the first column of the following table applies for the purpose of ascer...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&amp;ProvIds=pr14ZE-</link><title>Income Tax Act 1947 - 14ZE Deduction for expenditure incurred in obtaining or granting, etc., leases of immovable properties</title><description>Deduction for expenditure incurred in obtaining or granting, etc., leases of immovable properties Subject to subsections (3), (4) and (5), for the purpose of ascertaining the inco...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&amp;ProvIds=pr14ZF-</link><title>Income Tax Act 1947 - 14ZF Deduction for expenditure incurred on immovable property while vacant</title><description>Deduction for expenditure incurred on immovable property while vacant This section applies where an immovable property used by a person to derive rental income chargeable to tax u...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&amp;ProvIds=pr15A-</link><title>Income Tax Act 1947 - 15A Limit on deduction allowed for leasing or licensing expenditure in 2020</title><description>Limit on deduction allowed for leasing or licensing expenditure in 2020 No deduction is allowed in respect of expenditure incurred in the year 2020 by a person on leasing or licen...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&amp;ProvIds=pr15B-</link><title>Income Tax Act 1947 - 15B Limit on deduction allowed for leasing or licensing expenditure in 2021</title><description>Limit on deduction allowed for leasing or licensing expenditure in 2021 No deduction is allowed in respect of any expenditure incurred in the year 2021 by a person who is a lessee...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&amp;ProvIds=P16-</link><title>Income Tax Act 1947 - Part 6 CAPITAL ALLOWANCES</title><description>CAPITAL ALLOWANCES</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&amp;ProvIds=pr16-</link><title>Income Tax Act 1947 - 16 Initial and annual allowances for industrial buildings and structures</title><description>Initial and annual allowances for industrial buildings and structures Where, in or after the basis period for the first year of assessment under this Act, a person incurs capital ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&amp;ProvIds=pr17-</link><title>Income Tax Act 1947 - 17 Balancing allowances and charges for industrial buildings and structures</title><description>Balancing allowances and charges for industrial buildings and structures Where any of the events referred to in subsection (1A) occurs while a building or structure is an industri...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&amp;ProvIds=pr18-</link><title>Income Tax Act 1947 - 18 Definitions for sections 16, 17 and 18B</title><description>Definitions for sections 16, 17 and 18B Subject to this section, in sections 16, 17 and 18B, industrial building or structure means a building or structure in use — for the purpos...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&amp;ProvIds=pr18A-</link><title>Income Tax Act 1947 - 18A (Repealed)</title><description>Repealed by Act 21 of 2003</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&amp;ProvIds=pr18B-</link><title>Income Tax Act 1947 - 18B Transitional provisions for capital expenditure incurred on industrial buildings or structures on or after 23 Febuary 2010</title><description>Transitional provisions for capital expenditure incurred on industrial buildings or structures on or after Despite section 16(15) but subject to subsection (11), where a person in...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&amp;ProvIds=pr19C-</link><title>Income Tax Act 1947 - 19C Writing‑down allowances for approved cost‑sharing agreement for research and development activities</title><description>Writing‑down allowances for approved cost‑sharing agreement for research and development activities Subject to this section, where a person carrying on a trade or business has inc...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&amp;ProvIds=pr21-</link><title>Income Tax Act 1947 - 21 Replacement of machinery or plant</title><description>Replacement of machinery or plant Where machinery or plant in the case of which any of the events mentioned in section 20(1) has occurred is replaced by the owner thereof and a ba...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&amp;ProvIds=pr22-</link><title>Income Tax Act 1947 - 22 Expenditure on machinery or plant</title><description>Expenditure on machinery or plant Expenditure on the provision of machinery or plant includes capital expenditure on alterations to an existing building incidental to the installa...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&amp;ProvIds=pr22A-</link><title>Income Tax Act 1947 - 22A Order of set‑off of allowances</title><description>Order of set‑off of allowances Where for any year of assessment the allowances consist of allowances a person is entitled to or allowances made to a person under section 16, 17, 1...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&amp;ProvIds=pr24-</link><title>Income Tax Act 1947 - 24 Special provisions as to certain sales</title><description>Special provisions as to certain sales This section, except subsection (5), has effect in relation to any sale of any property where the buyer is a body of persons over whom the s...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&amp;ProvIds=pr25-</link><title>Income Tax Act 1947 - 25 Special provisions as to certain transfers</title><description>Special provisions as to certain transfers This section has effect in relation to any transfer of any property without consideration as a result of — a conversion of a firm to a l...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&amp;ProvIds=P17-</link><title>Income Tax Act 1947 - Part 7 ASCERTAINMENT OF CERTAIN INCOME</title><description>ASCERTAINMENT OF CERTAIN INCOME</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&amp;ProvIds=pr26-</link><title>Income Tax Act 1947 - 26 Profits of insurers</title><description>Profits of insurers Subject to sections 34A and 34AA, this section has effect despite anything to the contrary in this Act, except that nothing in this section affects the chargea...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&amp;ProvIds=pr27-</link><title>Income Tax Act 1947 - 27 Profits of non‑resident shipowner or charterer</title><description>Profits of non‑resident shipowner or charterer Where a non‑resident person carries on the business of shipowner or charterer, the income on which tax is payable is to be ascertain...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&amp;ProvIds=pr28-</link><title>Income Tax Act 1947 - 28 Profits of non‑resident air transport and cable undertakings</title><description>Profits of non‑resident air transport and cable undertakings Where a non‑resident person carries on the business of air transport or of transmission of messages by cable or by any...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&amp;ProvIds=pr29-</link><title>Income Tax Act 1947 - 29 (Repealed)</title><description>Repealed by Act 19 of 2013</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&amp;ProvIds=pr30-</link><title>Income Tax Act 1947 - 30 (Repealed)</title><description>Repealed by Act 19 of 2013</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&amp;ProvIds=pr31-</link><title>Income Tax Act 1947 - 31 Income arising from settlements</title><description>Income arising from settlements Where under the terms of any settlement and during the life of the settlor any income, or assets representing it, will or may become payable or app...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&amp;ProvIds=pr32-</link><title>Income Tax Act 1947 - 32 Valuation of trading stock on discontinuance or transfer of trade or business</title><description>Valuation of trading stock on discontinuance or transfer of trade or business In computing for any purpose of this Act the gains or profits of a trade or business which has been d...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&amp;ProvIds=pr32A-</link><title>Income Tax Act 1947 - 32A Valuation of cost of trading stock converted from non‑trade or capital asset</title><description>Valuation of cost of trading stock converted from non‑trade or capital asset Where, at any time on or after , any property of a person that is not trading stock becomes wholly or ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&amp;ProvIds=pr33-</link><title>Income Tax Act 1947 - 33 Comptroller to disregard certain transactions and dispositions</title><description>Comptroller to disregard certain transactions and dispositions Subsection (2) applies where the Comptroller is satisfied that the purpose or effect of any arrangement is directly ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&amp;ProvIds=pr33A-</link><title>Income Tax Act 1947 - 33A Surcharge on adjustments under section 33</title><description>Surcharge on adjustments under section 33 This section applies where, in the year of assessment 2023 or a subsequent year of assessment — the Comptroller imposes a liability to ta...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&amp;ProvIds=pr34-</link><title>Income Tax Act 1947 - 34 Decision of Comptroller no bar to appeal</title><description>Decision of Comptroller no bar to appeal Nothing in section 32 prevents the decision of the Comptroller in the exercise of any discretion given to him or her by that section from ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&amp;ProvIds=pr34B-</link><title>Income Tax Act 1947 - 34B Islamic financing arrangements</title><description>Islamic financing arrangements This section applies to any prescribed Islamic financing arrangement entered into on or after between any person and a financial institution. Subjec...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&amp;ProvIds=pr34E-</link><title>Income Tax Act 1947 - 34E Surcharge on transfer pricing adjustments</title><description>Surcharge on transfer pricing adjustments Where the Comptroller, in relation to the year of assessment 2019 or any subsequent year of assessment — increases the amount of the inco...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&amp;ProvIds=pr34F-</link><title>Income Tax Act 1947 - 34F Transfer pricing documentation</title><description>Transfer pricing documentation This section applies to the basis period for the year of assessment 2019 and every subsequent year of assessment. 39/2017 This section applies to a ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&amp;ProvIds=P18-</link><title>Income Tax Act 1947 - Part 8 ASCERTAINMENT OF STATUTORY INCOME</title><description>ASCERTAINMENT OF STATUTORY INCOME</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&amp;ProvIds=pr35A-</link><title>Income Tax Act 1947 - 35A Cessation of source of income commenced before 1 January 1969</title><description>Cessation of source of income commenced before This section only applies to any trade, business, profession, vocation or employment (except subsidiary employment which had not bee...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&amp;ProvIds=pr36-</link><title>Income Tax Act 1947 - 36 Partnership</title><description>Partnership Where a trade, business, profession or vocation is carried on by 2 or more persons jointly — the income of any partner from the partnership for any period is deemed to...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&amp;ProvIds=pr36B-</link><title>Income Tax Act 1947 - 36B Registered business trusts</title><description>Registered business trusts For the purposes of this Act, except as otherwise provided, references to a company include a reference to a registered business trust or, as the contex...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&amp;ProvIds=P19-</link><title>Income Tax Act 1947 - Part 9 ASCERTAINMENT OF ASSESSABLE INCOME</title><description>ASCERTAINMENT OF ASSESSABLE INCOME</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&amp;ProvIds=pr37C-</link><title>Income Tax Act 1947 - 37C Transfer of qualifying deduction between spouses</title><description>Transfer of qualifying deduction between spouses Subject to the provisions of this section, an individual may transfer any qualifying deduction for any year of assessment to a spo...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&amp;ProvIds=pr37I-</link><title>Income Tax Act 1947 - 37I Modification of sections 37G and 37H in their application to partnership</title><description>Modification of sections 37G and 37H in their application to partnership A reference to a qualifying person in section 37G (including the person who has to satisfy the conditions ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&amp;ProvIds=pr37J-</link><title>Income Tax Act 1947 - 37J Enhanced deduction or allowance under Productivity and Innovation Credit Plus Scheme</title><description>Enhanced deduction or allowance under Productivity and Innovation Credit Plus Scheme A person who — during the basis period for the year of assessment 2015, 2016, 2017 or 2018, ha...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&amp;ProvIds=pr37K-</link><title>Income Tax Act 1947 - 37K Abusive PIC arrangements</title><description>Abusive PIC arrangements Despite the provisions of this Act, the Comptroller may disallow an amount referred to in subsection (2) of a claim for — a PIC enhanced deduction; or a P...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&amp;ProvIds=pr37L-</link><title>Income Tax Act 1947 - 37L Promoters of abusive PIC arrangements</title><description>Promoters of abusive PIC arrangements A person who promotes any PIC arrangement knowing or having reasonable grounds to believe that the arrangement is abusive shall be guilty of ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&amp;ProvIds=pr37M-</link><title>Income Tax Act 1947 - 37M Penalties for false information, etc., resulting in payment under section 37G or 37H</title><description>Penalties for false information, etc., resulting in payment under section 37G or 37H Any person who gives to the Comptroller any information under section 37G(2) that is false in ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&amp;ProvIds=pr37P-</link><title>Income Tax Act 1947 - 37P Treatment of unabsorbed donations attributable to exempt income</title><description>Treatment of unabsorbed donations attributable to exempt income If — any donation allowable under this Act for the year of assessment 2012 or any preceding year of assessment (cal...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&amp;ProvIds=P110-</link><title>Income Tax Act 1947 - Part 10 ASCERTAINMENT OF CHARGEABLE INCOME AND PERSONAL RELIEFS</title><description>ASCERTAINMENT OF CHARGEABLE INCOME AND PERSONAL RELIEFS</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&amp;ProvIds=pr38-</link><title>Income Tax Act 1947 - 38 Chargeable income</title><description>Chargeable income The chargeable income of any person for any year of assessment is the remainder of the person’s assessable income for that year after the reliefs and deductions ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&amp;ProvIds=pr39A-</link><title>Income Tax Act 1947 - 39A Limit on total deduction under section 39</title><description>Limit on total deduction under section 39 Despite anything in section 39 or the Fifth Schedule, for the year of assessment 2018 and every subsequent year of assessment, the total ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&amp;ProvIds=pr40-</link><title>Income Tax Act 1947 - 40 (Repealed)</title><description>Repealed by Act 41 of 2020</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 entert...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 emp...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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 SR...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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 ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&amp;ProvIds=pr41-</link><title>Income Tax Act 1947 - 41 Proof of claims for deduction or relief</title><description>Proof of claims for deduction or relief Every individual who claims any deduction or relief under this Part must make his or her claim on the proper form. Such deduction or relief...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&amp;ProvIds=P111-</link><title>Income Tax Act 1947 - Part 11 RATES OF TAX</title><description>RATES OF TAX</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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 per...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220131?ValidDate=20220131&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 birt...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220401?ValidDate=20220401&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20211231?ValidDate=20211231&amp;ProvIds=pr43A-</link><title>Income Tax Act 1947 - 43A Concessionary rate of tax for Asian Currency Unit, Fund Manager and securities company</title><description>Concessionary rate of tax for Asian Currency Unit, Fund Manager and securities company Despite section 43, the Minister may by regulations provide that tax at the rate of 10% is t...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&amp;ProvIds=pr43B-</link><title>Income Tax Act 1947 - 43B Special rate of tax for non‑resident shipowner or charterer or air transport undertaking</title><description>Special rate of tax for non‑resident shipowner or charterer or air transport undertaking Despite section 43, where the tax authority of a foreign country taxes the profits derived...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/ITA1947/Historical/20220101?ValidDate=20220101&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>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item></channel></rss>