Comparison View

Formal Consolidation |  1998 RevEd
Concessionary rate of tax
4.—(1)  Tax shall be payable at the rate of 10% on the income of a company derived from the operation of its approved Finance and Treasury Centre –
(a)in respect of the provision of qualifying services which have been approved under section 43G(2)(a) of the Act; and
(b)in respect of qualifying activities which have been approved under section 43G(2)(b) of the Act.
(2)  Paragraph (1) shall apply in relation to an approved Finance and Treasury Centre from such date as the Minister or such person as he may appoint may specify.
Informal Consolidation | Amended S 87/2017
Concessionary rate of tax
4.—(1)  Tax shall be payable at the concessionary rate specified in section 43G(1A) of the Act on the income of a company derived from the operation of its approved Finance and Treasury Centre —
(a)in respect of the provision of qualifying services which have been approved under section 43G(2)(a) of the Act; and
(b)in respect of qualifying activities which have been approved under section 43G(2)(b) of the Act.
[S 87/2017 wef 10/03/2017]
(2)  Paragraph (1) shall apply in relation to an approved Finance and Treasury Centre from such date as the Minister or such person as he may appoint may specify.