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
 
 
(q)Malayan Banking, Berhad
27th June 1994.
 
(r)Oversea-Chinese Banking Corpn. Ltd.
27th February 1970.
 
(s)United Overseas Bank, Ltd.
27th February 1970.
[S 74/70; S 85/70; S 199/89; S 235/89; S 285/89; S 438/89; S 447/90; S 259/93; S 353/96; S 546/96; S 315/97; S 340/99]
(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 263/72; S 256/85; S 282/85; S 44/88; S 170/89]
(3)
(a)Deleted by S 217/2003, wef 17/3/2003.
 
 
(b)Deleted by S 353/2005, wef 13/05/2005.
 
 
(c)Deleted by S 80/2010, wef 17/12/2009.
 
 
(d)Deleted by S 820/2005, wef 07/12/2005.
 
[S 88/73; S 105/73; S 39/78; S 235/89; S 27/97; S 195/99; S 256/2001]
(4)
Deleted by S 299/2004, wef 30/09/2003.
 
[S 166/73; S 231/90]
(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.
[S 257/73; S 195/87; S 203/87; S 171/89; S 235/89; S 183/96; S 216/2001; S 278/2001]
(6)
Deleted by S 409/2003, wef 04/06/1995.
 
[S 156/74]
(7)
Deleted by S 409/2003, wef 01/01/1986.
 
[S 175/74]
(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 330/74; S 437/89; S 175/2002]
(9)
Royal Bank of Canada
1st November 1990.
[S 66/75]
(10)
Deleted by S 519/2009, wef 27/08/2009.
 
[S 309/75; S 256/85; S 272;85]
(11)
First Commercial Bank
25th March 1977.
[S 75/77]
(12)
Canadian Imperial Bank of Commerce
3rd May 1977.
[S 124/77]
(13)
Bank of Singapore Ltd
15th September 1999
[S 522/95; S 420/99]
(14)
State Bank of India
30th November 1977.
[S 311/77]
(15)
Deleted by S 843/2005, wef 01/01/2006.
 
[S 3/78; S 56/2002]
(16)
(a)Credit Suisse (Singapore) Limited
3rd January 1997
 
(b)Deleted by S 600/2006, wef 30/09/2006.
 
[S 11/78; S 50/79; S 304/85; S 286/89; S 303/89; S 27/97]
(17)
Deleted by S 407/2004, wef 18/06/2004
 
[S 3/79; S 301/97]
(18)
Deleted by S 421/2011 wef 21/06/2011
 
(19)
(a)Societe Generale
2nd April 1979.
 
(b)Deleted by S 689/2004, wef 26/10/2004.
 
 
(c)Philippine National Bank
6th April 1979.
[S 95/79]
(20)
Westpac Banking Corporation
1st October 1982.
[S 111/79; S 93/86]
(21)
Bank of Nova Scotia Asia Ltd.
6th August 1979.
[S 188/79]
(22)
(a)Toronto Dominion (SEA) Ltd.
27th August 1979.
 
(b)Royal Bank of Canada (Asia) Ltd.
28th August 1979.
[S 194/79]
[S 200/79; S 282/85; S 378/98; S 468/2000]
(24)
Deleted by S 820/2005, wef 07/12/2005.
 
[S 12/80]
(25)
Australia and New Zealand Banking Group Limited
 
[S 34/80; S 213/85]
(26)
(a)DB International (Asia) Limited
6th July 2000.
 
(b)Deleted by S 107/2003, wef 31/12/2002.
 
[S 70/80; S 276/95; S415/98; S531/2000]
(27)
Deleted by S 188/2012, wef 21/03/2012
 
[S 105/80; S 123/87]
(28)
Deleted by S 111/2005, wef 25/02/2005.
 
[S 265/80]
(29)
Woori Bank
20th May 2002.
[S 306/80; S 104/99]
(30)
Deleted by S 573/2002, wef 07/10/2002.
 
[S 182/81; S 195/81; S 354/87]
(31)
National Australia Bank Ltd.
1st October 1984.
[S 222/81; S 235/89]
(32)
Sumitomo Mitsui Trust Bank, Limited Singapore Branch
14th October 1981.
[S 319/2012]
[S 336/81]
(33)
Union de Banques Arabes et Francaises
16th November 1981.
[S 364/81]
[S 25/82]
(34)
Deleted by S 499/2012, wef 29/08/2012.
 
(35)
Asean Finance Corporation Limited
18th February 1982.
[S 57/82]
(36)
Rothschild (Singapore) Limited
1st November 2010.
[S 80/82]
(37)
BIL Asia Singapore Limited
26th May 2000.
[S 283/2012 wef 02/04/2012]
[S 81/82; S 302/2000]
(38)
Deleted by S 409/2003, wef 21/04/1988.
 
[S 234/82]
(39)
(a)Citicorp Investment Bank (Singapore) Ltd.
8th October 1985..
 
(b)Commonwealth Bank of Australia
29th June 1984.
[S 279/82; S 329/85; S235/89]
(40)
Deleted by S 571/2003, wef 20/11/2003.
 
[S 320/82]
(41)
Credit Agricole Corporate and Investment Bank — Merchant Bank Asia Limited
8th February 2010.
[S 54/83; S 259/93; S 494/97]
(42)
DnB NOR Asia Ltd.
DNB Asia Ltd.
19th January 2010
[S 699/2011 wef 11/11/2011]
[S 54/83; S 259/93; S494/97]
(43)
Deleted by S 541/2006, wef 21 August 2006.
 
[S 114/83; S 209/90]
(44)
Deleted by S 693/2004, wef 09/11/2004.
 
[S 250/83; S 241/93; S 469/95; S 464/2000]
(45)
Arab Bank plc
31st January 1990.
[S 7/84; S 376/90]
(46)
National Bank of Kuwait SAK.
10th October 1990.
[S 104/84; S 400/90]
(47)
Lloyds TSB Merchant Bank Limited
28th June 1999.
[S 124/87; S 64/90; S400/97; S321/99]
(48)
Deleted by S 431/2003, wef 30/07/2003.
 
[S 292/84]
(49)
Deleted by S 37/2010, wef 30/12/2009.
 
[S 292/84]
(50)
Mitsubishi UFJ Securities (Singapore), Limited
1st October 2005
[338/85]
(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.
[S 69/86; S 96/86; S118/86; S207/90; S233/92; S309/92; S4/2000]
(52)
Cooperatieve Centrale Raiffeisen-Boerenleenbank BA (Rabobank Nederland)
7th March 1986.
[S 76/86]
(53)
ANZ Singapore Limited
9th March 1987.
[S 79/87]
(54)
National Australia Merchant Bank (Singapore) Limited
20th March 1987.
[S 88/87]
(55)
Mitsubishi UFJ Trust And Banking Corporation
1st October 2005.
[S 193/87]
(56)
Westpac Singapore Limited
14th September 1987.
[S 245/87]
(57)
Svenska Handelsbanken AB
14th June 1995.
[S 289/87; S 415/95]
(58)
Deutsche Bank AG
5th April 1988.
[S 103/88]
(59)
Deleted by S 38/2010, wef 31/12/2009.
 
[S 190/93]
(60)
Skandinaviska Enskilda Banken AB (publ)
6th June 1995.
[S 349/88; S 308/95]
(61)
Deleted by S 299/2003, wef 25/04/2003.
 
[455/96]
(62)
 
Bank Sarasin (Asia) Limited
28th June 2002.
[S 450/2012 wef 31/08/2012]
[S 37/89]
(63)
JP Morgan (SEA) Limited
16th August 2002.
[S 106/89; S 497/95; S602/2001]
(64)
CLSA Merchant Bankers Limited.
13th February 2004.
[S 207/89]
(65)
Deleted by S 437/2004, wef 01/07/2004.
 
(66)
Banque Internationale A Luxembourg Singapore Branch
19th April 2001.
[S 283/2012 wef 22/03/2012]
[S 340/89; S 277/2001]
(67)
Commerzbank Aktiengesellschaft
2nd January 1990.
[S 13/90]
(68)
Deleted by S 479/2004, wef 21/07/2004.
 
[S 118/90]
(69)
Deleted by S 93/2004, wef 19/01/2004.
 
[S 194/90; S 218/96]
(70)
Deleted by S 249/2005, wef 31/03/2005.
 
[S 275/90; S 209/92]
(71)
Shinhan Bank
1st April 2006.
[S 349/90]
(72)
Portigon AG Singapore Branch
30th August 2002.
[S 408/2012 wef 01/07/2012]
[S 389/90]
(73)
Deleted by S 325/2005, wef 19/05/2005.
 
[S 438/90]
(74)
Deleted by S 340/2002, wef 01/04/2002.
 
[S 298/91]
(75)
Deleted by S 176/2004, wef 19/03/2004.
 
(76)
The Royal Bank of Scotland N.V.
6th February 2010.
[S 488/91; S 504/91]
(77)
The Royal Bank of Scotland Asia Merchant Bank (Singapore) Limited
15th October 2008.
[S 489/91; S 350/97; S110/98]
(78)
Deleted by S 13/2007, wef 01/01/2007.
 
[S 489/91; S 350/97; S110/98]
(79)
ING Bank N.V.
1st December 1995.
[S 204/92; S 521/95]
(80)
Deleted by S 80/2010, wef 15/12/2009.
 
[S 492/92; S 545/98; S115/2002]
(81)
PT Bank Negara Indonesia (Persero)
28th December 1992.
[S 13/93]
(82)
Bank of America Singapore Limited
23rd July 1999.
[S 87/93; S 340/99]
(83)
The Norinchukin Bank
22nd April 1993.
[S 188/93]
(84)
KBC Bank N.V.
3rd June 1998.
[S 364/93; S 362/98]
(85)
Industrial and Commercial Bank of China Limited
28th October 2005
[S 370/93; S 34/2001]
(86)
Deleted by S 25/2009, wef 24/12/2008.
 
(87)
Deleted by S 460/2005, wef 07/07/2005.
 
(88)
Krung Thai Bank Public Company Limited
1st July 1994.
[S 290/94]
(89)
Norddeutsche Landesbank Girozentrale
3rd October 1994
[S 394/94]
(90)
(a)Siam Commercial Bank Public Company Limited
18th October 1994.
[S 577/2012 wef 23/10/2012]
[S 414/94]
(91)
ABSA Bank Limited
20th March 1995.
[S 128/95]
(92)
Agricultural Bank of China Limited
13th January 2009.
[S 311/95; S 114/2000]
(93)
Bank of Taiwan
29th August 1995.
[S 357/95]
(94)
UniCredit Bank AG
15th December 2009.
[S 414/95; S 544/98]
(95)
Deleted by S 711/2005, wef 27/10/2005.
 
[S 451/95]
(96)
Hua Nan Commercial Bank, Ltd.
20th November 1995.
[S 523/95]
(97)
Coutts & Co Ltd
1st January 2008.
[S 699/2011 wef 01/11/2011]
[S 549/95; S 495/97]
(98)
NIBC Bank Ltd
30 December 2005.
[S 4/96; S 409/2000]
(99)
Toronto-Dominion Bank
21st March 1996.
[S 157/96]
(100)
The Bank of Tokyo-Mitsubishi UFJ, Ltd
1st January 2006.
[S 183/96]
(101)
Landesbank Baden-Wurttemberg
1st January 1999.
[S 217/96; S 56/99]
(102)
DVB Group Merchant Bank (Asia) Ltd.
18th October 2000.
[S 303/96; S 542/2000]
(103)
JPMorgan Chase Bank, N.A.
13th November 2004
[S 353/96; S 602/2001]
(104)
Bank of Communications Co., Ltd.
8th April 2005.
[S 456/96]
(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.
[S 480/96]
(106)
Deleted by S 449/2002, wef 21/08/2002.
 
(107)
Mega International Commercial Bank Co.
21st August 2006.
[S 82/97]
(108)
Lloyds TSB Bank Plc
28th June 1999.
[S 300/97; S 321/99]
(109)
Deleted by S 548/2002, wef 30/08/2002.
 
(110)
Deleted by S 353/2005, wef 13/05/2005
 
[S 401/97]
(111)
Deleted by S 409/2003, wef 01/04/2002.
 
(112)
Chang Hwa Commercial Bank Ltd
 
[S 453/97]
(113)
(a) Barclays Merchant Bank (Singapore) Limited
3rd May 2001.
 
(b) Deleted by S 765/2010, wef 01/12/2010.
 
[S 521/97; S 299/2001]
(114)
Deleted by S 418/2008, wef 30/06/2008.
 
 
Deleted by S 663/2004, wef 17/09/2004.
 
(115)
UBS AG
26th June 1998.
[S 376/98]
[S 230/98; S 618/98]
(116)
RHB Bank Berhad
30th June 1999.
[S 321/99]
(117)
PT Bank Mandiri (Persero) Tbk
6th June 2003.
[S 381/99]
(118)
CIMB Bank Berhad
7 September 2006.
[S 449/99]
(119)
Deleted by S 318/2003, wef 13/06/2003.
 
[S 449/99]
(120)
Deleted by S 733/2004, wef 24/11/2004
 
[G.N. No. S 50/2000]
(121)
Natixis
15th December 2006.
[G.N. No. S 358/2000]
(122)
BNP Paribas
15th June 2000.
[G.N. No. S 450/2000]
(123)
Deleted by S 627/2006, wef 01/11/2006.
 
[G.N. No. S 451/2000]
(124)
Deleted by S 337/2003, wef 02/06/2003.
 
[G.N. No. S 484/2000]
(125)
Deleted by S 652/2002, wef 02/12/2002.
 
(126)
HSBC Private Bank (Suisse) SA
27th January 2004.
[S 248/2001; S 288/2001]
(127)
Deleted by S 456/2011 wef 31/03/2011
 
(128)
State Street Bank and Trust Company
19th September 2001.
[G.N. No. S 488/2001]
(129)
Deleted by S 638/2004, wef 21/09/2004.
 
[G.N. No. S 531/2001]
(130)
Deleted by S 448/2003, wef 04/08/2003.
 
[G.N. No. S 508/2001]
(131)
DZ BANK AG Deutsche Zentral Genossenschaftsbank, Frankfurt am Main
18th September 2001.
[G.N. No. S 608/2001]
(132)
Standard Merchant Bank (Asia) Limited
2nd January 2002.
[G.N. No. S 610/2001]
(133)
BNP Paribas Wealth Management
19th September 2008.
[G.N. No. S 125/2002]
(134)
Nordea Bank Finland Plc
1st January 2002.
[G.N. No. S 125/2002]
_______________________________________________________________
[S 298/2002 wef 20/05/2002]
[S 304/2002 wef 21/05/2002]
[S 340/2002 wef 01/04/2002]
[S 384/2002 wef 28/06/2002]
[S 449/2002 wef 21/08/2002]
[S 482/2002 wef 30/08/2002]
[S 494/2002 wef 28/08/2002]
[S 548/2002 wef 30/08/2002]
[S 573/2002 wef 07/10/2002]
[S 579/2002 wef 01/08/2002]
[S 652/2002 wef 02/12/2002]
[S 35/2003 wef 21/11/2002]
[S 107/2003 wef 31/12/2002]
[S 121/2003 wef 01/12/2003]
[S 217/2003 wef 17/03/2003]
[S 299/2003 wef 25/04/2003]
[S 337/2003 wef 02/06/2003]
[S 409/2003 wef 28/08/2003]
[S 431/2003 wef 30/07/2003]
[S 432/2003 wef 06/06/2003]
[S 442/2003 wef 01/09/2003]
[S 448/2003 wef 04/08/2003]
[S 571/2003 wef 20/11/2003]
[S 93/2004 wef 19/01/2004]
[S 102/2004 wef 27/01/2004]
[S 112/2004 wef 13/02/2004]
[S 176/2004 wef 19/03/2004]
[S 199/2004 wef 01/04/2004]
[S 299/2004 wef 30/09/2003]
[S 330/2004 wef 31/05/2004]
[S 407/2004 wef 18/06/2004]
[S 437/2004 wef 01/07/2004]
[S 479/2004 wef 21/07/2004]
[S 638/2004 wef 21/09/2004]
[S 732/2004 wef 26/08/2004]
[S 733/2004 wef 24/11/2004]
[S 111/2005 wef 25/02/2005]
[S 249/2005 wef 31/03/2005]
[S 325/2005 wef 19/05/2005]
[S 353/2005 wef 13/05/2005]
[S 460/2005 wef 07/06/2005]
[S 642/2005 wef 01/10/2005]
[S 711/2005 wef 27/10/2005]
[S 751/2005 wef 08/08/2005]
[S 820/2005 wef 07/12/2005]
[S 843/2005 wef 01/01/2006]
[S 6/2006 wef 28/10/2005]
[S 57/2006 wef 30/12/2005]
[S 58/2006 wef 16/01/2006]
[S 150/2006 wef 22/02/2006]
[S 167/2006 wef 01/04/2006]
[S 541/2006 wef 21/08/2006]
[S 572/2006 wef 07/09/2006]
[S 600/2006 wef 30/09/2006]
[S 626/2006 wef 24/10/2006]
[S 627/2006 wef 01/11/2006]
[S 13/2007 wef 01/01/2007]
[S 14/2007 wef 15/12/2006]
[S 3/2008 wef 01/01/2008]
[S 418/2008 wef 30/06/2008]
[S 589/2008 wef 18/11/2008]
[S 660/2008 wef 19/09/2008]
[S 25/2009 wef 24/12/2008]
[S 36/2009 wef 29/01/2009]
[S 122/2009 wef 13/01/2009]
[S 282/2009 wef 11/05/2009]
[S 519/2009 wef 27/08/2009]
[S 14/2010 wef 01/01/2010]
[S 37/2010 wef 30/12/2009]
[S 38/2010 wef 31/12/2009]
[S 80/2010 wef 12/02/2010]
[S 81/2010 wef 15/12/2009]
[S 133/2010 wef 06/02/2010]
[S 157/2010 wef 29/01/2010]
[S 192/2010 wef 08/02/2010]
[S 764/2010 wef 01/11/2010]
[S 765/2010 wef 01/12/2010]
[S 421/2011 wef 21/06/2011]
[S 699/2011 wef 01/11/2011]
[S 188/2012 wef 21/03/2012]
[S 499/2012 wef 29/08/2012]