| Income Tax Act |
| Income Tax (Concessionary Rate of Tax for Approved Offshore Composite Insurers) (Amendment) Regulations 2013 |
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| Citation and commencement |
| Amendment of regulation 2 |
2. Regulation 2 of the Income Tax (Concessionary Rate of Tax for Approved Offshore Composite Insurers) Regulations (Rg 27) (referred to in these Regulations as the principal Regulations) is amended —
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| Deletion and substitution of regulation 4 |
3. Regulation 4 of the principal Regulations is deleted and the following regulation substituted therefor:
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| Amendment of regulation 4A |
| 4. Regulation 4A(1) of the principal Regulations is amended by deleting the words “16th February 2011” and substituting the words “31st March 2018”. |
| Amendment of regulation 4B |
| 5. Regulation 4B(1) of the principal Regulations is amended by deleting the words “31st August 2011” and substituting the words “31st August 2016”. |
| Amendment of regulation 5 |
| 6. Regulation 5(1) of the principal Regulations is amended by deleting the words “Subject to regulation 5A, 7, 7A or 7B, tax” and substituting the word “Tax”. |
| Amendment of regulation 5A |
| 7. Regulation 5A(1) of the principal Regulations is amended by deleting the words “Notwithstanding regulation 5 and subject to regulations 7, 7A and 7B, tax” and substituting the word “Tax”. |
| New regulation 5B |
8. The principal Regulations are amended by inserting, immediately after regulation 5A, the following regulation:
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| Amendment of regulation 6 |
9. Regulation 6 of the principal Regulations is amended —
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| Amendment of regulation 6A |
10. Regulation 6A of the principal Regulations is amended —
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| Amendment of regulation 7 |
11. Regulation 7(1) of the principal Regulations is amended —
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| Amendment of regulation 7A |
| 12. Regulation 7A(1) of the principal Regulations is amended by deleting the words “regulation 6(1)” in the definition of “Po and PoL” in sub-paragraph (c) and substituting the words “regulation 5B(1)(b), with the references to the approved marine hull and liability insurer therein modified to refer to the approved captive insurer”. |
| Amendment of regulation 7B |
| 13. Regulation 7B(1) of the principal Regulations is amended by deleting the words “regulation 6(1)” in the definition of “Po and PoL” in sub-paragraph (b) and substituting the words “regulation 5B(1)(b), with the references to the approved marine hull and liability insurer therein modified to refer to the approved specialised insurer”. |
| Amendment of regulation 8 |
14. Regulation 8(2) of the principal Regulations is amended —
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Permanent Secretary (Finance) (Performance), Ministry of Finance, Singapore. |
| [MOF R 32.7.0006 Vol. 22; AG/LLRD/SL/134/2010/10 Vol. 2] |