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No. S 99

Income Tax Act

(Chapter 134)

Income Tax (Qualifying Debt Securities) (Amendment) Regulations 2007

In exercise of the powers conferred by section 13(1)(aa) 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 (Qualifying Debt Securities) (Amendment) Regulations 2007 and shall be deemed to have come into operation on 17th February 2006.

Amendment of regulation 3A

2. Regulation 3A(1) of the Income Tax (Qualifying Debt Securities) Regulations (Rg 35) is amended —

(a)

by deleting sub-paragraphs (A) and (B) of sub-paragraph (a)(ii) and substituting the following sub-paragraphs:

“(A)	are issued during the period from 27th February 2004 to 16th February 2006 and which mature within one year from the date of issue of those securities; or
(B)	are issued during the period from 17th February 2006 to 31st December 2008,”; and

(b)

by deleting sub-paragraph (iii) of sub-paragraph (a) and substituting the following sub-paragraph:

“(iii)

if the issuer of the qualifying debt securities which are —

(A)	issued during the period from 27th February 2004 to 16th February 2006 and which mature within one year from the date of issue of those securities; or
(B)	issued during the period from 17th February 2006 to 31st December 2008,

or such other person as the Comptroller may direct, has not furnished to the Comptroller a return on the debt securities within such period as the Comptroller may specify and such other particulars in connection with those securities as the Comptroller may require; and”.

[G.N. Nos. S 350/2005; S 52/2006]

Made this 27th day of February 2007.

TEO MING KIAN

Permanent Secretary,
Ministry of Finance,
Singapore.

[MF(R) R032.19.2871 V5; AG/LEG/SL/134/2005/2 Vol. 1]