Determination of income chargeable to tax
5.  For the purposes of regulation 4, the Comptroller may determine —
(a)the income of an approved global trading company chargeable to the rate of tax in regulation 4(1), (2) or (3), having regard to such expenses, donations and allowances under the Act as are, in the Comptroller’s opinion, to be deducted in ascertaining such income; and
[S 235/2017 wef 21/02/2017]
(b)the manner and extent to which any loss arising from the activities specified in regulation 4(1), (2) and (3) may be deducted under the Act in ascertaining such income.
[S 235/2017 wef 21/02/2017]
(c)[Deleted by S 235/2017 wef 21/02/2017]