Income Tax (Concessionary Rate of Tax for Foreign Income of Approved Container Investment Enterprise) (Amendment) Order 2024

Status:

Published in Subsidiary Legislation Supplement
on 12 Apr 2024

No. S 301

Income Tax Act 1947

Income Tax
(Concessionary Rate of Tax for
Foreign Income of Approved
Container Investment Enterprise)
(Amendment) Order 2024

In exercise of the powers conferred by section 13(12) of the Income Tax Act 1947, the Minister for Finance makes the following Order:

Citation and commencement

1. This Order is the Income Tax (Concessionary Rate of Tax for Foreign Income of Approved Container Investment Enterprise) (Amendment) Order 2024 and comes into operation on 12 April 2024.

Amendment of paragraph 2

2. In the Income Tax (Concessionary Rate of Tax for Foreign Income of Approved Container Investment Enterprise) Order 2023 (G.N. No. S 33/2023), in paragraph 2 —

(a)	in the definition of “approved container investment enterprise” or “ACIE”, in paragraph (b), replace “(or a person appointed by the Minister)” with “(or an authorised body)”;
(b)	in the definition of “approved related party”, in paragraph (a), replace “a person appointed by the Minister” with “an authorised body”; and
(c)	in the definition of “approved related party”, in paragraph (b), replace “appointed person” with “authorised body”.

Amendment of paragraph 3

3. In the Income Tax (Concessionary Rate of Tax for Foreign Income of Approved Container Investment Enterprise) Order 2023, in paragraph 3 —

(a)	in sub‑paragraph (1), replace “a person appointed by the Minister” with “an authorised body”; and
(b)	in sub‑paragraphs (2) and (3), replace “appointed person” with “authorised body”.

[G.N. No. S 35/2023]

Made on 28 March 2024.

LAI WEI LIN

Second Permanent Secretary,
Ministry of Finance,
Singapore.

[AG/LEGIS/SL/134/2020/55 Vol. 1]

Search within Legislation