No. S 52
Income Tax Act
(Chapter 134)
Income Tax (Exemption of Income of Sicom)
Rules 1998
In exercise of the powers conferred by sections 7 and 13(1)(p) of the Income Tax Act, the Minister for Finance hereby makes the following Rules:
1.  These Rules may be cited as the Income Tax (Exemption of Income of SICOM) Rules 1998.
2.  In these Rules —
“commodity” has the same meaning as in the Commodity Futures Act (Cap.48A);
“SICOM” means the Singapore Commodity Exchange Limited.
Exemption of income of SICOM
3.  The income of SICOM derived during the period from 27th May 1997 to 26th May 2002 as specified in the Schedule is exempt from tax.

Made this 2nd day of February 1998.

Permanent Secretary,
Ministry of Finance,
[MF(R)R32.18.039 Vol.2; AG/LEG/SL/134/97/4 Vol.1]
(To be presented to Parliament under section 7(2) of the Income Tax Act).