Income Tax (Income from Funds Managed for Foreign Investors) (Amendment) Regulations 2006

Status:

Published in Subsidiary Legislation Supplement
on 21 Feb 2006

No. S 96

Income Tax Act

(Chapter 134)

Income Tax (Income from Funds Managed for Foreign Investors) (Amendment) Regulations 2006

In exercise of the powers conferred by section 13C 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 (Income from Funds Managed for Foreign Investors) (Amendment) Regulations 2006 and shall be deemed to have come into operation on 30th January 2006.

Amendment of regulation 2

2. Regulation 2 of the Income Tax (Income from Funds Managed for Foreign Investors) Regulations 2003 (G.N. No. S 640/2003) is amended —

(a)	by deleting the words “its issued share capital is” in paragraph (b) of the definition of “foreign investor” in paragraph (1) and substituting the words “the total number of its issued shares are”; and
(b)	by deleting the words “issued share capital” in paragraph (2) and substituting the words “issued shares”.

Amendment of regulation 5

3. Regulation 5 of the Income Tax (Income from Funds Managed for Foreign Investors) Regulations 2003 is amended —

(a)	by deleting the words “issued share capital” in paragraph (c) and substituting the words “total number of issued shares”; and
(b)	by deleting the words “its issued share capital” in paragraph (d) and substituting the words “the total number of its issued shares”. [G.N. Nos. S 591/2005; S785/2005]

Made this 14th day of February 2006.

LIM SIONG GUAN

Permanent Secretary,
Ministry of Finance,
Singapore.

[MF (R) R032.007.2605 V3; AG/LEG/SL/134/2005/9 Vol. 1]

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