Income Tax (International Tax Compliance Agreements) (Common Reporting Standard) (Amendment) Regulations 2021

Status:

Published in Subsidiary Legislation Supplement
on 30 Jun 2021

No. S 477

Income Tax Act

(CHAPTER 134)

Income Tax
(International Tax Compliance Agreements)
(Common Reporting Standard)
(Amendment) Regulations 2021

In exercise of the powers conferred by section 105P of the Income Tax Act, the Minister for Finance makes the following Regulations:

Citation and commencement

1. These Regulations are the Income Tax (International Tax Compliance Agreements) (Common Reporting Standard) (Amendment) Regulations 2021 and come into operation on 1 July 2021.

Amendment of regulation 6

2. Regulation 6 of the Income Tax (International Tax Compliance Agreements) (Common Reporting Standard) Regulations 2016 (G.N. No. S 621/2016) is amended —

(a)

by deleting the words “licensed under” in paragraph (a) and substituting the words “that holds a licence under section 7 or 79 of”; and

(b)

by deleting paragraph (c) and substituting the following paragraph:

“(c)	a merchant bank that holds a merchant bank licence, or is treated as having been granted a merchant bank licence, under the Banking Act.”.

[G.N. Nos. S 158/2017; S 425/2020]

Made on 15 June 2021.

TAN CHING YEE

Permanent Secretary,
Ministry of Finance,
Singapore.

[R032.018.2183.V21; R045.003.0012.V23; AG/LEGIS/SL/134/2020/6 Vol. 1]

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