Income Tax (Concessionary Rate of Tax for SIMEX Members) (Amendment) Regulations 1996

Status:

Published in Subsidiary Legislation Supplement
on 05 Jan 1996

No. S 5

Income Tax Act

(Chapter 134)

Income Tax (Concessionary Rate of Tax for Simex Members) (Amendment) Regulations 1996

In exercise of the powers conferred by section 43D of the Income Tax Act, the Minister for Finance hereby makes the following Regulations:

1. These Regulations may be cited as the Income Tax (Concessionary Rate of Tax for SIMEX Members) (Amendment) Regulations 1996 and shall have effect for the year of assessment 1996 and subsequent years of assessment.

2. Regulation 2 of the Income Tax (Concessionary Rate of Tax for SIMEX Members) Regulations is amended —

(a)

by deleting the word “or” at the end of paragraph (b) of the definition of “relevant transaction”; and

(b)

by deleting the comma at the end of paragraph (c) of the definition of “relevant transaction” and substituting the word “; or”, and by inserting immediately thereafter the following paragraph:

“(d)	any transaction on a spot basis in any currency other than the Singapore dollar where the transaction is carried out in or after the basis period for the year of assessment 1996 with any of the persons referred to in paragraph (a)(i) to (iv),”.

[Rg 16.]

[G.N. Nos.]

[S 449/93]

[S 81/94]

Made this 2nd day of January 1996.

NGIAM TONG DOW

Permanent Secretary,
Ministry of Finance,
Singapore.

[MF(R)R32.19.06 Vol. 5; AG/SL/10/95/1]

Search within Legislation