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Formal Consolidation | 2001 RevEd
Concessionary rate of tax
4.—(1) Tax shall be payable at the rate of 10% on the income of an approved headquarters company —
(a)
in respect of the provision of qualifying services which have been approved under section 43E(2)(a) of the Act; and
(b)
in respect of qualifying treasury, investment or financial activities which have been approved under section 43E(2)(b) of the Act.
(2) Notwithstanding paragraph (1), there shall be exempt from tax the income of a headquarters company approved under section 43E(2A) of the Act in respect of the provision of qualifying services which have been approved under section 43E(2A)(a) of the Act.
(3) This regulation shall apply in relation to an approved headquarters company from such date as the Minister, or such person as he may appoint, may specify.
Informal Consolidation | Amended S 490/2003
Concessionary rate of tax
4.—(1) Tax shall be payable at the rate of 10% on the income of an approved headquarters company —
(a)
in respect of the provision of qualifying services which have been approved under section 43E(2)(a) of the Act; and
(b)
in respect of qualifying treasury, investment or financial activities which have been approved under section 43E(2)(b) of the Act.
(2) Notwithstanding paragraph (1), there shall be exempt from tax the income of a headquarters company approved under section 43E(3) of the Act in respect of the provision of qualifying services which have been approved under section 43E(3)(a) of the Act.
[S 490/2003 wef 27/10/2003]
(3) This regulation shall apply in relation to an approved headquarters company from such date as the Minister, or such person as he may appoint, may specify.