Income Tax Act |
Income Tax (Concessionary Rate of Tax or Exemption for Income Derived from Debt Securities) Regulations |
Rg 32 |
G.N. No. S 479/1999 |
REVISED EDITION 2001 |
(31st January 2001) |
[2nd November 1999] |
Citation |
1. These Regulations may be cited as the Income Tax (Concessionary Rate of Tax or Exemption for Income Derived from Debt Securities) Regulations. |
Definitions |
2. In these Regulations —
|
Concessionary rate of tax |
3. Tax shall be payable at the rate of 10% on —
|
Tax exemption |
4. There shall be exempt from tax —
|
Determination of income chargeable to tax at concessionary rate |
5. For the purposes of regulation 3, the Comptroller shall determine —
|
Determination of income exempted from tax |
Requirement to submit returns |
7. In the case of debt securities issued during the period from 26th April 1999 to 27th February 2003, regulations 3 (aa) and 4 (aa) shall not apply where the issuer of such qualifying debt securities, or such other person as the Comptroller may direct, has not furnished to the Comptroller a return on the debt securities within such period as the Comptroller may specify and such other particulars in connection with those securities as the Comptroller may require. [S 214/2001 wef 10/04/2001] |