No. S 697
Income Tax Act
(Chapter 134)
Income Tax (Concessionary Rate of Tax for Container Investment Manager) Regulations 2010
In exercise of the powers conferred by section 43ZB of the Income Tax Act, the Minister for Finance hereby makes the following Regulations:
Citation and commencement
1.  These Regulations may be cited as the Income Tax (Concessionary Rate of Tax for Container Investment Manager) Regulations 2010 and shall be deemed to have come into operation on 1st April 2008.
Concessionary rate of tax
2.  Tax at the rate of 10% shall be levied and paid for each year of assessment on the income derived on or after 1st April 2008 by an approved container investment manager from managing an approved container investment enterprise.
Determination of income chargeable to tax
3.  For the purpose of regulation 2, the Comptroller shall determine —
(a)the income chargeable to tax of an approved container investment manager having regard to such expenses, capital allowances and donations allowable under the Act as are, in his opinion, to be deducted in ascertaining such income; and
(b)the manner and extent to which any losses arising from the activity referred to in regulation 2 may be deducted under the Act in ascertaining the chargeable income of the approved container investment manager.
Made this 18th day of November 2010.
PETER ONG
Permanent Secretary,
Ministry of Finance,
Singapore.
[R032.018.2934.V3; AG/LLRD/SL/134/2005/51 Vol. 1]