Tax exemption
4.  There shall be exempt from tax —
(a)any income derived by a financial institution on or after 28th February 1998 from arranging, underwriting and distributing any qualifying debt securities issued during the period from 28th February 1998 to 25th April 1999;
[S 214/2001 wef 10/04/2001]
(aa)subject to regulation 7 and the conditions specified in the Income Tax (Qualifying Debt Securities) Regulations 2001 (G.N. No. S 212/2001), any income derived by a financial institution before 1st January 2004 from arranging, underwriting and distributing any qualifying debt securities issued during the period from 26th April 1999 to 31st December 2003; and
[S 349/2005 wef 03/12/2003]
[S 214/2001 wef 10/04/2001]
(b)notwithstanding regulation 3(b), any income derived by a primary dealer from trading in any Singapore Government securities during the period from 27th February 1999 to 31st December 2018.
[S 239/2016 wef 01/01/2014]
[S 267/2009 wef 01/01/2009]