Income Tax Act
(Chapter 134, Section 13(13))
Income Tax (Approved Banks) (Consolidation)
Order
O 32
REVISED EDITION 2002
(31st May 2002)
The following banks are “approved banks” for the purposes of section 13(1)(t) of the Act:
Approved Banks
 
With effect from
(1)
 
 
(a) Bangkok Bank Public Company Limited
 
20th May 1993.
(b) Bank Negara Indonesia, 1946
 
27th February 1970.
(c) Bank of America, National Association
 
23rd July 1999.
(d) Bank of China Limited
 
26th August 2004.
(e) Bank of East Asia, Ltd.
 
27th February 1970.
(f) Bank of India
 
27th February 1970.
(g) Singapore Island Bank Ltd
 
 
29th January 2010
(h) Credit Agricole Corporate and Investment Bank
 
8th February 2010.
(i) Development Bank of Singapore, Ltd.
 
27th February 1970.
(j) Far Eastern Bank, Ltd.
 
27th February 1970.
(k) Citibank NA
 
1st March 1976.
(l) The Hongkong and Shanghai
Banking Corporation Limited
 
6th October 1989.
(m) Indian Bank
 
27th February 1970.
(n) Indian Overseas Bank
 
27th February 1970.
(o) Deleted by S 494/2002, wef 28/08/2002.
(p) HL Bank
 
27th June 1994.
(q) Malayan Banking, Berhad
 
27th February 1970.
(r) Oversea-Chinese Banking Corpn. Ltd.
 
27th February 1970.
(s) United Overseas Bank, Ltd.
 
27th February 1970.
[S 157/2010 wef 29/01/2010]
[S 330/2004 wef 31/05/2004]
[S 192/2010 wef 08/02/2010]
[S 409/2003 wef 27/06/1994]
(2)
 
 
(a) Deleted by S 282/2009, wef 11/05/2009
(b) The Habib Bank Limited
 
30th August 1971.
(c) VTB Capital PLC
 
12th January 2009.
[S 626/2006 wef 24/10/2006]
[S 36/2009 wef 12/01/2009]
[G.N. Nos. S 74/70; S 85/70; S199/89; S235/89; S285/89; S438/89; S447/90; S259/93; S353/96; S546/96; S315/97; S340/99]
(3)
 
 
(a) Deleted by S 217/2003, wef 17/3/2003.
(b) Credit Suisse First Boston — Deleted by S 353/2005, wef 13/05/2005.
(c) Deleted by S 80/2010, wef 17/12/2009.
(d) Asian-American Merchant Bank Limited — Deleted by S 820/2005, wef 07/12/2005.
[G.N. Nos. S 263/72; S 256/85; S282/85; S44/88; S170/89]
(4) Deleted by S 299/2004, wef 30/09/2003.
[G.N. Nos. S 88/73; S 105/73; S39/78; S235/89; S27/97; S195/99; S256/2001]
(5)
 
 
(a) Deleted by S 111/2005, wef 25/02/2005.
(b) Nomura Singapore Limited
 
1st April 1989.
(c) Daiwa Capital Markets Singapore Limited
 
1st January 2010.
(d) Korea Exchange Bank
 
25th May 1973.
(6) Deleted by S 409/2003, wef 04/06/1995.
[G.N. Nos. S 257/73; S 195/87; S203/87; S171/89; S235/89; S183/96; S216/2001; S278/2001]
(7) Deleted by S 409/2003, wef 01/01/1986.
(8)
 
 
(a) Mizuho Corporate Bank, Ltd.
 
1st April 2002.
(b) The Bank of Nova Scotia
 
31st October 1974.
(c) The Bank of New York Mellon
 
1st July 2008.
[S 589/2008 wef 01/07/2008]
(9) Royal Bank of Canada
 
1st November 1990.
[G.N. Nos. S 330/74; S 437/89; S175/2002]
(10) Deleted by S 519/2009, wef 27/08/2009.
[G.N. No. S 66/75]
(11) First Commercial Bank
 
25th March 1977.
(12) Canadian Imperial Bank of Commerce
 
3rd May 1977.
[G.N. No. S 75/77]
(13) Bank of Singapore Ltd
 
29th January 2010.
[S 304/2002 wef 21/05/2002]
[S 157/2010 wef 29/01/2010]
[G.N. No. S 124/77]
(14) State Bank of India
 
30th November 1977.
[G.N. Nos. S 522/95; S 420/99]
(15) Deleted by S 843/2005, wef 01/01/2006.
[G.N. No. S 311/77]
(16)
 
 
(a) Credit Suisse (Singapore) Limited
 
16 January 2006.
(b) Deleted by S 600/2006, wef 30/09/2006.
(17) Deleted by S 407/2004, wef 18/06/2004.
(18) Commerzbank (South East Asia) Ltd
 
1st March 1979.
(19)
 
 
(a) Societe Generale
 
2nd April 1979.
(b) Deleted by S 689/2004, wef 26/10/2004.
(c) Philippine National Bank
 
6th April 1979.
[G.N. No. S 74/79]
(20) Westpac Banking Corporation
 
1st October 1982.
[G.N. No. S 95/79]
(21) Bank of Nova Scotia Asia Ltd.
 
6th August 1979.
[G.N. Nos. S 111/79; S 93/86]
(22)
 
 
(a) Toronto Dominion (SEA) Ltd.
 
27th August 1979.
(b) Royal Bank of Canada (Asia) Ltd.
 
28th August 1979.
[G.N. No. S 188/79]
(23) BNP Paribas Peregrine (Singapore) Ltd.
 
3rd July 2000.
[G.N. No. S 194/79]
(24) Skandinaviska Enskilda Banken (South East Asia) Limited — Deleted by S 820/2005, wef 07/12/2005.
[G.N. Nos. S 200/79; S 282/85; S378/98; S468/2000]
(25) Australia and New Zealand Banking Group Limited
 
17th January 1980.
[G.N. No. S 12/80]
(26)
 
 
(a) DB International (Asia) Limited
 
6th July 2000.
(b) Deleted by S 107/2003, wef 31/12/2002.
[G.N. Nos. S 34/80; S 213/85]
(27) CIBC (Asia) Limited
 
13th March 1987.
[G.N. Nos. S 70/80; S 276/95; S415/98; S531/2000]
(28) Deleted by S 111/2005, wef 25/02/2005.
[G.N. Nos. S 105/80; S 123/87]
(29) Woori Bank
 
20th May 2002.
[S 298/2002 wef 20/05/2002]
[G.N. No. S 265/80]
(30) Deleted by S 573/2002, wef 07/10/2002.
[G.N. Nos. S 306/80; S 104/99]
(31) National Australia Bank Ltd.
 
1st October 1984.
(32) Sumitomo Trust And Banking Company Limited
 
14th October 1981.
[G.N. Nos. S 222/81; S 235/89]
(33) Union de Banques Arabes et Francaises
 
16th November 1981.
[G.N. No. S 336/81]
(34) Bank of New Zealand
 
18th January 1982.
[G.N. No. S 364/81]
(35) Asean Finance Corporation Limited
 
18th February 1982.
[G.N. No. S 25/82]
(36) Rothschild (Singapore) Limited
 
1st November 2010.
[G.N. No. S 57/82]
(37) Dexia BIL Asia Singapore Limited
 
26th May 2000.
[G.N. No. S 80/82]
(38) Deleted by S 409/2003, wef 21/04/1988.
[G.N. Nos. S 81/82; S 302/2000]
(39)
 
 
(a) Citicorp Investment Bank (Singapore) Ltd.
 
8th October 1985.
(b) Commonwealth Bank of Australia
 
29th June 1984.
(40) Deleted by S 571/2003, wef 20/11/2003..
[G.N. Nos. S 279/82; S 329/85; S235/89]
(41) Credit Agricole Corporate and Investment Bank — Merchant Bank Asia Limited
 
8th February 2010.
[S 192/2010 wef 08/02/2010]
(42) DnB NOR Asia Ltd.
 
19th January 2004.
[S 93/2004 wef 19/01/2004]
[G.N. Nos. S 54/83; S 259/93; S494/97]
(43) Deleted by S 541/2006, wef 21 August 2006.
[G.N. Nos. S 114/83; S 209/90]
(44) Deleted by S 693/2004, wef 09/11/2004.
(45) Arab Bank plc
 
31st January 1990.
(46) National Bank of Kuwait SAK
 
10th October 1990.
[G.N. Nos. S 7/84; S 376/90]
(47) Lloyds TSB Merchant Bank Limited
 
28th June 1999.
[G.N. Nos. S 104/84; S 400/90]
(48) Deleted by S 431/2003, wef 30/07/2003.
[G.N. Nos. S 124/87; S 64/90; S400/97; S321/99]
(49) Deleted by S 37/2010, wef 30/12/2009.
 
 
(50) Mitsubishi UFJ Securities (Singapore), Limited
 
1st October 2005.
[S 409/2003 wef 01/04/1996]
[S 442/2003 wef 01/09/2003]
[S 642/2005 wef 01/10/2005]
(51)
 
 
(a) Credit Industriel et Commercial. CIC
 
1st January 2000.
(b) Barclays Bank PLC
 
1st January 1985.
(c) Standard Chartered Bank
 
1st January 1985.
(d) The Royal Bank of Scotland PLC
 
30th September 1985.
(e) UCO Bank
 
30th December 1985.
[G.N. No. S 338/85]
(52) Cooperatieve Centrale Raiffeisen-Boerenleenbank BA (Rabobank Nederland)
 
7th March 1986.
[G.N. Nos. S 69/86; S 96/86; S118/86; S207/90; S233/92; S309/92; S4/2000]
(53) ANZ Singapore Limited
 
9th March 1987.
[G.N. No. S 76/86]
(54) National Australia Merchant Bank (Singapore) Limited
 
20th March 1987.
[G.N. No. S 79/87]
(55) Mitsubishi UFJ Trust And Banking Corporation
 
1st October 2005.
[S 642/2005 wef 01/10/2005]
[G.N. No. S 88/87]
(56) Westpac Singapore Limited
 
14th September 1987.
[G.N. No. S 193/87]
(57) Svenska Handelsbanken AB
 
14th June 1995.
[G.N. No. S 245/87]
(58) Deutsche Bank AG
 
5th April 1988.
[G.N. Nos. S 289/87; S 415/95]
(59) Deleted by S 38/2010, wef 31/12/2009.
[G.N. No. S 103/88]
(60) Skandinaviska Enskilda Banken AB (publ)
 
6th June 1995.
(61) Deleted by S 299/2003, wef 25/04/2003.
[G.N. Nos. S 349/88; S 308/95]
(62) Bank Sarasin-Rabo (Asia) Limited
 
28th June 2002.
(63) JP Morgan (SEA) Limited
 
16th August 2002.
[S 409/2003 wef 16/08/2002]
[G.N. No. S 37/89]
(64) CLSA Merchant Bankers Limited.
 
13 February 2004.
[G.N. Nos. S 106/89; S 497/95; S602/2001]
(65) Deleted by S 437/2004, wef 01/07/2004.
[G.N. No. S 207/89]
(66) Dexia Banque Internationale A Luxembourg SA
 
19th April 2001.
(67) Commerzbank Aktiengesellschaft
 
2nd January 1990.
[G.N. Nos. S 340/89; S 277/2001]
(68) Deleted by S 479/2004, wef 21/07/2004.
[G.N. No. S 13/90]
(69) Deleted by S 93/2004, wef 19/01/2004.
(70) Deleted by S 249/2005, wef 31/03/2005.
(71) Shinhan Bank
 
1st April 2006.
[S 199/2004 wef 01/04/2004]
[S 167/2006 wef 01/04/2006]
(72) WestLB AG
 
30th August 2002.
[G.N. No. S 349/90]
(73) Deleted by S 325/2005, wef 19/05/2005.
[G.N. No. S 389/90]
(74) Deleted by S 340/2002, wef 01/04/2002.
(75) Deleted by S 176/2004, wef 19/03/2004.
(76) The Royal Bank of Scotland N.V.
 
6th February 2010.
[S 133/2010 wef 06/02/2010]
(77) The Royal Bank of Scotland Asia Merchant Bank (Singapore) Limited
 
15th October 2008.
[S 589/2008 wef 15/10/2008]
[G.N. Nos. S 488/91; S 504/91]
(78) Deleted by S 13/2007, wef 01/01/2007.
[G.N. Nos. S 489/91; S 350/97; S110/98]
(79) ING Bank N.V.
 
1st December 1995.
[G.N. Nos. S 129/92; S 618/98; S419/99]
(80) Deleted by S 80/2010, wef 15/12/2009.
[G.N. Nos. S 204/92; S 521/95]
(81) PT Bank Negara Indonesia (Persero)
 
28th December 1992.
[G.N. Nos. S 492/92; S 545/98; S115/2002]
(82) Bank of America Singapore Limited
 
23rd July 1999.
[G.N. No. S 13/93]
(83) The Norinchukin Bank
 
22nd April 1993.
[G.N. Nos. S 87/93; S 340/99]
(84) KBC Bank N.V.
 
3rd June 1998.
[G.N. No. S 188/93]
(85) Industrial and Commercial Bank of China Limited
 
28th October 2005
[S 6/2006 wef 28/10/2005]
[G.N. Nos. S 364/93; S 362/98]
(86) Deleted by S 25/2009, wef 24/12/2008.
[G.N. Nos. S 370/93; S 34/2001]
(87) Deleted by S 460/2005, wef 07/07/2005.
(88) Krung Thai Bank Public Company Limited
 
1st July 1994.
(89) Norddeutsche Landesbank Girozentrale
 
3rd October 1994.
[G.N. No. S 290/94]
(90)
 
 
(a) Siam Commercial Bank Public Company Limited
 
18th October 1994.
(b) CBA Asia Limited
 
11th October 1994.
[G.N. No. S 394/94]
(91) ABSA Bank Limited
 
20th March 1995.
[G.N. No. S 414/94]
(92) Agricultural Bank of China Limited
 
13th January 2009.
[S 122/2009 wef 13/01/2009]
[G.N. No. S 128/95]
(93) Bank of Taiwan
 
29th August 1995.
[G.N. Nos. S 311/95; S 114/2000]
(94) UniCredit Bank AG
 
15th December 2009.
[S 81/2010 wef 15/12/2009]
[G.N. No. S 357/95]
(95) Deleted by S 711/2005, wef 27/10/2005.
[G.N. Nos. S 414/95; S 544/98]
(96) Hua Nan Commercial Bank, Ltd.
 
20th November 1995.
[G.N. No. S 451/95]
(97) RBS Coutts Bank Ltd
 
1st January 2008.
[S 3/2008 wef 01/01/2008]
[G.N. No. S 523/95]
(98) NIBC Bank Ltd
 
30 December 2005.
[G.N. Nos. S 549/95; S 495/97]
(99) Toronto-Dominion Bank
 
21st March 1996.
[G.N. Nos. S 4/96; S 409/2000]
(100) The Bank of Tokyo-Mitsubishi UFJ, Ltd
 
1st January 2006.
[S 843/2005 wef 01/01/2006]
[G.N. No. S 157/96]
(101) Landesbank Baden-Wurttemberg
 
1st January 1999.
[G.N. No. S 183/96]
(102) DVB Group Merchant Bank (Asia) Ltd.
 
18th October 2000.
[G.N. Nos. S 217/96; S 56/99]
(103) JPMorgan Chase Bank, N.A.
 
13th November 2004
(104) Bank of Communications Co., Ltd.
 
8th April 2005.
[S 751/2005 wef 08/04/2005]
[G.N. Nos. S 353/96; S 602/2001]
(105)
 
 
(a) The Northern Trust Company
 
15th October 1996.
(b) The Korean Development Bank
 
21st October 1996.
(c) Hang Seng Bank Limited
 
8th November 1996.
[G.N. No. S 456/96]
(106) Deleted by S 449/2002, wef 21/08/2002.
[G.N. No. S 480/96]
(107) Mega International Commercial Bank Co.
 
21st August 2006.
[S 541/2006 wef 21/08/2006]
(108) Lloyds TSB Bank Plc
 
28th June 1999.
[G.N. No. S 82/97]
(109) Deleted by S 548/2002, wef 30/08/2002.
[G.N. Nos. S 300/97; S 321/99]
(110) Credit Suisse — Deleted by S 353/2005, wef 13/05/2005.
(111) Deleted by S 409/2003, wef 01/04/2002.
[G.N. No. S 401/97]
(112) Chang Hwa Commercial Bank Ltd
 
16th October 1997.
(113)
 
 
(a) Barclays Merchant Bank (Singapore) Limited
 
3rd May 2001.
(b) Deleted by S 765/2010, wef 01/12/2010.
[G.N. No. S 453/97]
(114)
 
 
(a) Deleted by S 418/2008, wef 30/06/2008.
(b) Deleted by S 663/2004, wef 17/09/2004.
[G.N. Nos. S 521/97; S 299/2001]
(115) UBS AG
 
26th June 1998.
[G.N. Nos. S 230/98; S 618/98]
(116) RHB Bank Berhad
 
30th June 1999.
[G.N. No. S 376/98]
(117) PT Bank Mandiri (Persero) Tbk
 
6th June 2003.
[G.N. No. S 321/99]
(118) CIMB Bank Berhad
 
7 September 2006.
[S 572/2006 wef 07/09/2006]
[G.N. No. S 381/99]
(119) Deleted by S 318/2003, wef 13/06/2003.
[G.N. No. S 449/99]
(120) Deleted by S 733/2004, wef 24th November 2004.
(121) Natixis
 
15th December 2006.
[S 14/2007 wef 15/12/2006]
(122) BNP Paribas
 
15th June 2000.
[G.N. No. S 358/2000]
(123) Deleted by S 627/2006, wef 01/11/2006.
[G.N. No. S 450/2000]
(124) Deleted by S 337/2003, wef 02/06/2003.
(125) Deleted by S 652/2002, wef 02/12/2002.
(126) HSBC Private Bank (Suisse) SA
 
27th January 2004.
[S 102/2004 wef 27/01/2004]
(127) Fortis Bank S.A./N.V.
 
30th August 2001.
[G.N. Nos. S 248/2001; S 288/2001]
(128) State Street Bank and Trust Company
 
19th September 2001.
[G.N. No. S 429/2001]
(129) Deleted by S 638/2004, wef 21/09/2004.
[G.N. No. S 488/2001]
(130) Deleted by S 448/2003, wef 04/08/2003.
(131) DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main
 
18th September 2001.
(132) Standard Merchant Bank (Asia) Limited
 
2nd January 2002.
[G.N. No. S 608/2001]
(133) BNP Paribas Wealth Management
 
19th September 2008.
[G.N. No. S 610/2001]
(134) Nordea Bank Finland Plc
 
1st January 2002.
[G.N. No. S 125/2002]
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