| Income derived on or after 1 July 2021 of approved captive insurer exempt from tax |
| Income derived on or after 1 July 2021 of approved captive insurer exempt from tax |
5C.—(1) Subject to the condition in paragraph (4), the income mentioned in paragraph (2) derived on or after 1 July 2021 by an approved captive insurer in a basis period for any year of assessment is exempt from tax, if the insurer’s approval is granted before 1 June 2017.
|