71.—(1) 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, of the partners personally present in Singapore —
(a)
is first named in the agreement of partnership;
(b)
if there is no agreement, is specified by name or initial singly or with precedence to the other partners in the usual name of the firm; or
(c)
is the precedent acting partner if the partner named with precedence is not an acting partner,
must, when required by the Comptroller by written notice or by notice in the Gazette under section 62(1), make and deliver a return of the income of the partnership for any year, such income being ascertained in accordance with the provisions of this Act, and declare therein the names and addresses of the other partners in the firm together with the amount of the share of the income to which each partner was entitled for that year.
(2) Where —
(a)
in the case of a limited partnership, no general partner is personally present in Singapore; or
(b)
in the case of all other types of partnerships, no partner is personally present in Singapore,
the return must be made and delivered by the attorney, agent, manager or factor of the firm in Singapore.
(3) If a return in relation to the partnership for any year of assessment has not been made, the person required to make the return under subsection (1) or (2) (as the case may be) must, within 3 months after the end of the accounting period relating to that year of assessment, or such extended time as the Comptroller may allow, furnish to the Comptroller an estimate of the income from all sources of the partnership, and the names and identification numbers of all the partners together with the amount of the share of the income to which each partner was entitled for that year.
[Act 33 of 2022 wef 04/11/2022]
(3A) The Minister may, by rules made under section 7, exempt any person or class of persons from subsection (3), subject to such conditions as may be specified in the rules.
[34/2016]
(4) In this section, “general partner” has the meaning given by the Limited Partnerships Act 2008.