No. S 528
Income Tax Act
(Chapter 134)
Income Tax (Concessionary Rate of Tax for Leasing Company) (Prescribed Activities) Regulations 1999
In exercise of the powers conferred by section 43I of the Income Tax Act, the Minister for Finance hereby makes the following Regulations:
Citation and commencement
1.  These Regulations may be cited as the Income Tax (Concessionary Rate of Tax for Leasing Company) (Prescribed Activities) Regulations 1999 and shall have effect for the year of assessment 1999 and subsequent years of assessment.
Definition
2.  In these Regulations, “aircraft leasing company” means any company carrying on a business of leasing aircraft.
Prescribed activities
3.  For the purposes of section 43I of the Act, the prescribed activities shall be the activities specified in the Schedule which are ancillary to the offshore leasing of aircraft by an aircraft leasing company and which are approved by the Minister or such person as the Minister may appoint in relation to that aircraft leasing company.

Made this 24th day of November 1999.

LIM SIONG GUAN
Permanent Secretary,
Ministry of Finance,
Singapore.
[MF(R) R32.18.014 Pt 2; AG/LEG/SL/134/97/9 Vol. 1]