Income Tax (Deduction for Acquisition of Shares of Companies) Regulations 2012

No. S 584

Income Tax Act

(CHAPTER 134)

Income Tax
(Deduction for Acquisition of
Shares of Companies)
Regulations 2012

In exercise of the powers conferred by section 37L(24) 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 (Deduction for Acquisition of Shares of Companies) Regulations 2012 and shall be deemed to have come into operation on 1st April 2010.

PART I

GENERAL

Definition

2. In these Regulations, “elected qualifying acquisition” means any acquisition of ordinary shares in a target company elected by an acquiring company under regulation 3 in place of the acquisitions referred to in section 37L(4)(a) and (b) or section 37L(4)(c) and (d) of the Act, as the case may be.

Made this 19th day of November 2012.

LIM SOO HOON

Permanent Secretary
(Finance) (Performance),
Ministry of Finance,
Singapore.

[MF(R)32.7.2618 V9; AG/LLRD/SL/134/2010/36 Vol. 1]

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