| Concessionary rates of tax for income of approved specialised insurer |
| Concessionary rates of tax for income derived before 1 July 2021 of approved specialised insurer |
| 5D.—(1) Tax is payable at the rate of 5% on the income specified in paragraph (4) that is derived before 1 July 2021 by an approved specialised insurer in a basis period for any year of assessment, if the insurer’s approval is granted between 1 September 2016 and 31 May 2017 (both dates inclusive), and the insurer had not been approved as such at any time before the date of the approval. [S 613/2017 wef 01/06/2017] [S 493/2021 wef 01/07/2021]
[S 493/2021 wef 01/07/2021] |