| Income Tax Act 1947 |
| Income Tax (Adjustment for Change of Basis of Computing Profit, Loss or Expense from Financial Instruments of Insurers) (Amendment) Regulations 2023 |
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| Citation and commencement |
| 1. These Regulations are the Income Tax (Adjustment for Change of Basis of Computing Profit, Loss or Expense from Financial Instruments of Insurers) (Amendment) Regulations 2023 and come into operation on 1 April 2023. |
| Amendment of regulation 2 |
| 2. In the Income Tax (Adjustment for Change of Basis of Computing Profit, Loss or Expense from Financial Instruments of Insurers) Regulations 2022 (G.N. No. S 879/2022), in regulation 2(1), in the definition of “FRS 39”, replace “Accounting Standards Council” with “Accounting Standards Committee”. |
Second Permanent Secretary, Ministry of Finance, Singapore. |
| [AG/LEGIS/SL/134/2020/71 Vol. 1] |