Income Tax (Concessionary Rate of Tax for Approved Offshore Composite Insurers) Regulations
Table of Contents
1 Citation
2 Definitions
3 Approval of insurer
3A Previously approved insurers
4 Approval of marine hull and liability insurer
4A Approval of captive insurer
4B Approval of specialised insurer
4C Approval of takaful insurer
5 Concessionary rate of tax for approved insurer
5A Concessionary rate of tax for income of approved takaful insurer
6 Calculation of dividends, interest and gains from sale of offshore investments for approved insurer
6A Calculation of dividends, qualifying return in lieu of interest and gains from sale of offshore investments for approved takaful insurer
7 Exemption from tax
7A Income of approved captive insurer exempt from tax
7B Income of approved specialised insurer exempt from tax
8 Apportionment of expenses, allowances and donations
9 Determination of income exempted from tax
10 Apportionment of income between policyholders and shareholders
Legislative History